Just wondering what you do for accounting / tax.
Is there a need for a book-keeping / accounting & tax service for Adult Webmasters?
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Originally posted by Daymare I hire a bookkeeper/CA accountant.
I pay all my taxes so I sleep better at night
Yeah me too.
If you aren't making much (maybe less than 40k adult income) and aren't incorporated then an accountant may not be worth it. But if you are making more than that, then in my experience accountants pay for themselves. They are able to find business and personal deductions that you never heard of. And of course if you are incorporated then an accountant is basically a must unless you are quite familiar with GAAP yourself.
With the help of my accountant I do my bookkeeping myself using QuickBooks Pro; the Canadian version has duel currency features and makes it a breeze for Canadian adult webmasters - most of whom have US and CDN accounts/transactions. The accountant then takes care of the rest.
Does anyone have any problems finding accountants......i.e. have you had any problems because you are in the porn industry?
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Get A Damn Good Accountant ,
If you ever Get Audited You Would Be FUCKED if u went with a shitty One . Especially if u are not declaring everything *wink wink*
An Account is just as important as getting a good Lawyer !
When we first started we didn't need one, but as we started hiring staff and actualy making some decent money we hired an accountant. I sleep better. I recommend getting one if you are not an expert.
opinions are like assholes.................
"They aren't after me, they are AFTER YOU! Im just in their way"
-D.J. Trump
Originally posted by webgurl Get A Damn Good Accountant ,
If you ever Get Audited You Would Be FUCKED if u went with a shitty One . Especially if u are not declaring everything *wink wink*
An Account is just as important as getting a good Lawyer !
You know, even a great accountant can't pull off miracles. All my shit's legit and I'm still going to court to get these CCRA assholes off my back.
You know, even a great accountant can't pull off miracles. All my shit's legit and I'm still going to court to get these CCRA assholes off my back.
WG
I'm one step away from court right now. I've been audited, re-assessed, now I'm waiting for their assessment of my appeal of the re-assessment for 1999 and 2000. I have an accountant who basically gave me lots and lots of homework but doublechecked everything for me before I handed it in. He doesnt' care where my money comes from. He figures expenses should be tied to the income they generate, as per tax law. Unfortunately, CCRA doesn't always see it that way.
No, it wasn't hard to find an accountant. But I may have to upgrade to a more high-powered model if I do go to court over this.
So, how DO you prove that you don't use 30+ dildos for personal use?
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