←back to thread

Zig Software Foundation 2025 Financial Report and Fundraiser

(ziglang.org)
165 points smlavine | 1 comments | 03 Sep 25 01:45 UTC | HN request time: 0s | source
Show context
unclad5968 ◴[03 Sep 25 03:48 UTC] No.45112096[source]▶
I know literally nothing about business accounting or business taxes. Why does the expenses include both the employee's compensation and also their taxes? Do businesses claim their employees taxes as expenses?

Very cool to see such a detailed report about finances.

replies(5): >>45112165 #>>45112169 #>>45112176 #>>45112183 #>>45112832 #
1. TkTech ◴[03 Sep 25 04:08 UTC] No.45112176[source]▶
Been awhile since I employed anyone in America (that whole "we're going to annex you" thing) but if I had to hazard a guess, it's the company's portion of their FICA taxes? The company withholds the employee portion to remit to the IRS, then matches it dollar to dollar. If the company is structured so that Andrew is self-employed, it'd be SECA instead and you can count that portion as a business expense.