I think this depends wildly on which jurisdiction you’re in. It’s pretty easy in the UK to just use FreeAgent or Xero to handle accounts and you can get to grips with the basics by just googling around.
In the U.S., it’s fairly easy too if you use quickbooks or similar, but the IRS is much harder to deal with than HMRC, and is much more of a punitive organisation.
However, having an accountant to talk to can give reassurance that you’re not going about things extremely stupidly.
The moment you start doing business in multiple jurisdictions (in the U.S., this includes multiple states), it starts to get a lot more complicated and using a professional makes sense. International tax is a huge pain, especially where the U.S. is involved.
I do think the general idea that it’s much better to try and run a straightforward business without complicated tax structures when you’re young really rings true. It’s better to focus on generating revenue than trying to squeeze out every penny of tax optimisation.
I'm a solo dev, but have an accountant (remote) almost for the sole purpose of making me sleep a little bit better at night. I still have to gather all the receipts etc. info for them, but it's great to worry a little less.
The accountant itself is also a deductable expense.
In the U.S., it’s fairly easy too if you use quickbooks or similar, but the IRS is much harder to deal with than HMRC, and is much more of a punitive organisation.
However, having an accountant to talk to can give reassurance that you’re not going about things extremely stupidly.
The moment you start doing business in multiple jurisdictions (in the U.S., this includes multiple states), it starts to get a lot more complicated and using a professional makes sense. International tax is a huge pain, especially where the U.S. is involved.
I do think the general idea that it’s much better to try and run a straightforward business without complicated tax structures when you’re young really rings true. It’s better to focus on generating revenue than trying to squeeze out every penny of tax optimisation.