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On Mon, 2020-07-20 at 22:55 -0700, Alec Warner wrote: |
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> On Mon, Jul 20, 2020 at 10:39 PM Michał Górny <mgorny@g.o> wrote: |
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> |
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> > Dnia July 21, 2020 5:13:29 AM UTC, Alec Warner <antarus@g.o> |
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> > napisał(a): |
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> > > On Mon, Jul 20, 2020 at 9:38 PM Michał Górny <mgorny@g.o> wrote: |
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> > > |
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> > > > Dnia July 21, 2020 4:31:22 AM UTC, Alec Warner <antarus@g.o> |
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> > > > napisał(a): |
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> > > > > I drove.On Mon, Jul 20, 2020 at 8:10 PM Michał Górny |
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> > > > > <mgorny@g.o> |
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> > > > > wrote: |
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> > > > > |
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> > > > > > On Mon, 2020-07-20 at 15:33 -0700, Alec Warner wrote: |
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> > > > > > > In our previous fiscal year we hired a firm to do our taxes for |
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> > > > > 2019, as |
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> > > > > > > well as a number of previous years. Are there any concerns with |
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> > > > > > > retaining this firm for the 2020 tax year? |
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> > > > > > > |
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> > > > > > |
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> > > > > > 1. Are we talking about 'just' the filings or full-scale |
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> > > bookkeeping |
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> > > > > > this time? |
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> > > > > > |
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> > > > > |
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> > > > > This is just the filings for now. |
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> > > > > |
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> > > > > |
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> > > > > > 2. How hard would it be to do it ourselves, given we have previous |
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> > > > > > filings by the CPA? |
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> > > > > > |
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> > > > > |
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> > > > > I don't know anyone who could do them properly. I cannot do them |
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> > > > > properly |
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> > > > > for certain. The tax return last year was 14 pages. |
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> > > > > |
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> > > > > Obviously I could file something; but there are penalties for |
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> > > > > making mistakes. |
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> > > > > |
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> > > > > |
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> > > > > > 3. Could you get some quotes first? |
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> > > > > > |
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> > > > > |
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> > > > > I haven't asked for a price from the CPA yet. Last year we paid |
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> > > 1500$ |
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> > > > > per |
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> > > > > tax year (and per 1, this payment was just for taxes. |
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> > > > |
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> > > > Oh, one more thing I've forgotten to ask. How does this compare last |
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> > > > years' donations, and what are our prospective donations for this |
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> > > year |
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> > > > (based on received so far vs 1st half last year)? |
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> > > > |
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> > > |
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> > > Our fiscal year runs July => June. So the fiscal 2020 year just |
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> > > completed. |
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> > > We don't have complete financials for fiscal 2020 yet. I looked at the |
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> > > paypal transactions and donations are slightly up from fiscal 2019. We |
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> > > should have the financials done later in the year (typically around AGM |
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> > > time.) |
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> > |
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> > Are you saying that we haven't been negatively impacted by the pandemic? |
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> > |
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> |
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> I'm saying the paypal donations look similar. It's not a complete |
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> accounting (sometimes people give us money not through paypal.) |
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> |
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> If you want a full accounting I recommend waiting for the report at the |
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> AGM; this is me just trying to get you an estimated answer quickly. Does |
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> that make sense? |
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> |
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Well, you didn't answer me how it compares but I've dug it up anyway. |
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So if I read the financial reports right, cash donations in the last |
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years were around (I'm ignoring the fees, GSoC income, etc.): |
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FY2016: $12.5k |
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FY2017: $11.5k |
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FY2018: $23k |
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So FY2019 should be similar. |
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If the price remained at $1.5k a year, this would be around 7% of cash |
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donations. Isn't this a bit much? |
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-- |
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Best regards, |
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Michał Górny |