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Accounting for Startups

inDinero Accounting

First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about. All of these should be managed and handled by your accountant. In particular, you will want someone who is well versed in the Generally Accepted Accounting Principles (GAAP).

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about. All of these should be managed and handled by your accountant. With an independent contractor, an employer no longer has to worry about expenses for: Payroll taxes. Deferred Tax Credits. Equipment costs.

Account 52