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Dan Romero pfp
Dan Romero
@dwr.eth
Is there a good guide for tax optimizing if you’re building a Farcaster app / service and you’re not venture backed? i.e. if you have 10 paying customers, how much of your home internet, cell phone, rent, saas subscriptions, maybe even your rent if you work from home? Maybe I’m naive, but feels like there’s a nice pre-tax set of write offs.
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Brad Barrish pfp
Brad Barrish
@bradbarrish
Not a CPA, but have worked remotely for a while and wife did too. Our CPA advised us to measure the space where we actually do work as a percent of overall home space. When it comes to utilities, phones, etc. it's a bit muddier and we had to do some conservative calculating. Best to be conservative so you don't get audited, which is a huge PITA. Get a CPA for sure and unless you're doing a lot of complicated stuff most can deal with crypto just fine.
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