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This is a good reminder that for very small organizations, it's important for the founders themselves to understand at a basic level the relevant applicable tax laws and typical exceptions. The level of accounting consultancy a small organization is going to be able to afford is unlikely to be comprehensive, and all the right questions may not be asked when making plans. But if the founders who do know all that's going on have a basic understanding of the parameters of tax law, they will have a much better chance of figuring out what exceptions might be applicable to their organization. A few days or weeks of research early on could have saved many months of stress and many thousands of euros when the problems were discovered.


This comment is correct. People seem to rush the legal and tax implications and end up paying for it in the long-term. Legal and tax advice is inexpensive at the earliest stages and a lot of those expenses can be deferred or reduced. But this isn't the case when you're already in legal or tax jeopardy.




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