Ask HN: How do YC startups handle company taxes?

Re:Ask HN: How do YC startups handle company taxes? by alvivanco on Thursday March 14, 2024 @02:59PM (#39707664)

have you tried self-filing for taxes using Turbo Tax for business? (by Intuit)

I always recomend this to founders, it's the most straight-forward and costs around $500 (a bit more if you get the package where they have someone assisting you)

Happy to chat more if helpful -- I do finance/accounting for startups.

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Re:Ask HN: How do YC startups handle company taxes? by eltonlin on Monday March 18, 2024 @07:09AM (#39742476)

I read this too late! I already paid for Taxfyle for this year's Form 1120, they cost around $500. Would you recommend me to switch to Intuit next year for 2025, and why?

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Re:Ask HN: How do YC startups handle company taxes? by alvivanco on Monday March 18, 2024 @07:23PM (#39751264)

I've never used Taxfyle, so I can't speak on that -- but given the price, you got a good rate. Intuit Turbo Tax is likely the same product, so there's no "incentive" to switch really -- as long as you are getting what you need.

I recommended TurboTax because that is the one I am familiar with, and the alternative is SMB accountants that sometimes will charge you $2.5K to file corp tax. Depending on the size/complexity of your biz, it's not always worth it.

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