Amfy (u/Amfy) - Readit News

Amfy commented on The IRS Is Building a System to Share Taxpayers' Data with ICE propublica.org/article/tr... · Posted by u/srameshc

kevingadd · 5 months ago

Does this work in practice? Historically my actual residence is needed for tax reasons, i.e. properly tracking what state I owe income tax in for cash compensation and stock options.

Amfy · 5 months ago

get a PMB in your state (or county even). You'll be surprised how many PMBs exist

Amfy commented on Ask HN: What intelligent forums exist outside of HN? · Posted by u/skylerwiernik

Amfy · a year ago

https://bogleheads.org/index.php has given me a good amount of joy as well as https://forum.mrmoneymustache.com/

"All the things personal finance" basically

Amfy commented on Bench accounting services shutting down bench.co/... · Posted by u/knuckleheads

chrismaeda · a year ago

It seems to me that this is the key takeaway for founders:

Your accounting stack is

  1. accounting software
  2. bookkeeping  (ie operating the accounting software)
  3. cpa / cfo    (ie for tax and financial planning)

The benefit and problem with "nextgen" solutions like bench, kick, etc is that they provide a proprietary solution for the entire stack. This could be better/faster/cheaper but also comes with risk, as we are seeing in real time.

In contrast, the minimal risk approach is to source your accounting stack from different vendors:

  1. accounting software (eg quickbooks, xero, wave)
  2. bookkeeping   (hire a person or use a service)
  3. cpa / cfo     (hire a person or use a service)

If you use "standard" accounting software, you can change the other layers of your accounting stack at will. The total cost of layers 1 and 2 might be $6k-$8k per year for a company with revenue, which looks more expensive than the nextgen solutions. But the reduced risk and increased flexibility may be worth it.

Amfy · a year ago

Agreed, but how do you protect yourself against quickbooks/xero/wave going under? Especially with Wave being mostly(?) free

Amfy commented on Bench accounting services shutting down bench.co/... · Posted by u/knuckleheads

ABS · a year ago

on social media employees are saying it's insolvent so no refunds :-(

Amfy · a year ago

link please

Edit, found it myself: https://www.reddit.com/r/Accounting/comments/1hnhoxq/comment...

Amfy commented on Why we use our own hardware fastmail.com/blog/why-we-... · Posted by u/nmjenkins

goldeneye13_ · a year ago

Didn’t see this in the article, do they have multi az redundancy? I.e. if the entire raid goes up in flames what’s the recovery process?

Amfy · a year ago

I believe they replicate from NJ to WA (Seattle). At least that's something they spoke about many years ago.

Amfy commented on Why we use our own hardware fastmail.com/blog/why-we-... · Posted by u/nmjenkins

aquariusDue · a year ago

Personally I prefer Migadu and tend to recommend them to tech savvy people. Their admin panel is excellent and straightforward to use, prices are based on usage limits (amount of emails sent/received) instead of number of mailboxes.

Migadu is just all around good, only downsides I can find are subjective. The fact that they're based in Switzerland and unless you're "good with computers" something like Fastmail will probably be better.

Amfy · a year ago

Seems Migadu is hosted on OVH though? Huge red flag.. no control over infrastructure (think of Hetzner shutting down customers with little to no warning)

Amfy commented on Netflix buffering issues: Boxing fans complain about Jake Paul vs. Mike Tyson sportingnews.com/us/boxin... · Posted by u/storf45

suzzer99 · a year ago

On a few forum sites I'm on, people are just giving up. Looking forward to the post-mortem on how they weren't ready for this (with just a tiny bit of schadenfreude because they've interviewed and rejected me twice).

Amfy · a year ago

Can you share which forums

Amfy commented on IP Geolocation Is Twenty-Five Years Old sanjayparekh.com/ip-geolo... · Posted by u/sanjayparekh

Amfy · 2 years ago

Source of so many problems

Amfy commented on Cloudflare TV Down cloudflare.tv/... · Posted by u/kylethorne

Amfy · 2 years ago

And still down.. total of 6hrs so far?

Amfy commented on US inflation increased more than expected in December- 3.4% YoY bbc.com/news/business-679... · Posted by u/ren_engineer

ReptileMan · 2 years ago

Japan has proven for 3 decades the exact opposite. They live on deficit and borrowing and still were just able to be on top of the deflation.

Amfy · 2 years ago

U.S is a lot more dynamic economy than Japan

Economy not responding with inflation due to money printing is bad