Re:I turned my open-source project into a full-time business
by giovannibonetti on Tuesday February 27, 2024 @09:51AM
(#39524773)
For those of us that are used to working as contractors that isn't an issue, as we already have accountants and are used to making invoices every month. But I understand it can be daunting if you don't have all of that in place, yet.
[ Parent
| on HN ]
Re:I turned my open-source project into a full-time business
by MrDarcy on Tuesday February 27, 2024 @10:40AM
(#39525334)
An accountant isn’t necessary for something like this, plans like Zoho books free or harvest take care of the same things an accountant would take care of.
Re:I turned my open-source project into a full-time business
by dboreham on Tuesday February 27, 2024 @10:48AM
(#39525462)
Parent said "accountant AND...". You need the accountant to provide advice so you don't do illegal things or run afoul of tax authorities, not to generate an invoice.
Re:I turned my open-source project into a full-time business
by vladvasiliu on Tuesday February 27, 2024 @11:07AM
(#39525709)
This.
Aren't there subtleties, for example, when doing inter-state commerce (assuming the two parties are both US-based)? In the EU, VAT isn't charged the same way if you invoice an entity based in your country or one based outside of it.