u/lets-p2p
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Tax accounting for Corporation (주식회사) (self.Living_in_Korea) [Banking and Finance]
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lets-p2p
lets-p2p
Do you mean 주식회사 by "incorporated company"? I was recommended LoumTax who charges total about 4.5M/year (330K/month + yearly tax declaration). But am I right 주식회사 is quarterly reported?
Could you recommend someone experienced in 주식회사 tax accounting, honest and speaking English well? My company doesn't have income yet, but I expect some soon.
lets-p2p
Project name: ARK Rate
Repository link: https://github.com/ARK-Builders/ARK-Rate
What it does: Offline-first currency converter supporting 200+ fiat and crypto currencies with zero data collection, no login required. Works offline for remote areas where internet is unreliable or unavailable. (avoid taxis overcharging you as a tourist)
Tech stack: Kotlin, Jetpack Compose, MVVM+, Room Database, Android
Help needed: Casual testing and leaving feedback would be very much appreciated! Also, good Kotlin/Swift developers capable of using Rust on mobile side and ready to contribute from time to time
Additional information: Part of ARK Builders ecosystem focused on local-first, privacy-respecting apps. P2P sync is coming soon!
lets-p2p
For me coffeeshops are supposed to improve my productivity, not the other way around. Having an apartment suitable for work is nice, but not always possible. I often go to coffeeshop when I can't focus at home (because I'm too lazy at home if there is nothing urgent at work).
What helps me to deal with cons of coffeeshops: - earplugs and meditation app. I've listened to all my music already and good music usually distracts me anyway. sounds of nature, flowing water helps me to focus and forget about outside chatter and noise. I really like sounds of thunder and they help to stay calm and work even in very noisy surroundings. sounds of sea works pretty well for me, too - I forgot about power outlets when I got my first mac (just a year ago). I know there are many privacy concerns and it's very proprietary but battery is really enough for a day, even when I have my IDE open all the time. I mostly read code though, probably if I compiled it regularly I'd run out of battery. overall, I use charger only at home. I don't even take it with me. - proper chair is actually what I look at when I come into a coffeeshop. although overall vibe is more important for me. I just try to walk enough after lunch and do some simple exercises at home - I care about overall interior, darker calm design works better with me. I'm actually addicted to Starbucks in Korea, although I don't appreciate their coffee and they are a bit pricy. in Vietnam, I like Highlands but it's often very noisy
I'd say every place is different and requires adaptability. I find Vietnam cheap and nice regarding climate, but there is too much noise sometimes and traffic makes me nervous sometimes.
lets-p2p
Thanks, that's great info about grants. I had no idea that Syncthing and FUTO are related.
lets-p2p
I'm really curious about it, could you give any pointer? Do they use blockchain in governmental sector?
lets-p2p
IMO it's easier to use Rust than C++, especially if you don't have experience with either languages. Yes, people can use Rust like Haskell, but it's much more difficult to shoot your leg using it unless you explicitly use `unsafe` feature. C++ is too difficult.
You can also use Golang and something like Cosmos SDK. Then switch to CosmWasm for smart contracts and learn Rust on go. Then you'll be able to decide on next steps.
lets-p2p
> In a previous question it was recommended to go for Polkadot but I never touched Rust and don’t want that to hold me back, even though yes I can learn it.
I don't think that's a good advice. While Polkadot is a great technology, it is pretty sophisticated. It's not even normal Rust. There is a lot to learn when you build on Polkadot SDK.
In my personal experience, the nicest blockchain tech I dealt with is CosmWasm which is Rust-based smart contracts framework. It's pure Rust, without weird macros that break IDE support. Very readable, good docs, smooth experience.
If you want to work with L1 or Golang, then you can try Cosmos SDK.
I think Cosmos ecosystem is very developer and opensource oriented. Their marketing is not great, so I don't think it's good for financial investment, but developer experience is pretty good.
Also you can try Sui/Move. I haven't tried it myself but it's in my list for long time.
Also Avalanche is written in Go and is pretty solid project.
lets-p2p
Let's start with "why"...
Why do you want your custom transaction format? Why are you not satisfied with transaction formats present in existing blockchains or SDKs? What existing blockchains or SDKs you've looked at already? Why do you want to build your own blockchain at all?
Basically, you can implement any transaction format in your fork. Or do you want to use existing mature blockchain with custom transaction format?
lets-p2p
Wait a sec.. but what about FUTO here? Just curious, both projects are awesome. In fact, I run another project where we try to do something in between the two, kinda opensource Syncthing/iCloud for apps (so it's SDK instead of manually configured app).
I'm really glad that FUTO released Grayjay which I wanted to build for like 5 years... But they have only sync of metadata so far, that would be super-cool if they could sync downloads between my devices
lets-p2p
I still use it, I like it more than the official app
lets-p2p
Another point here could be that for companies it's beneficial to use opensource software (if it's of proper quality) due to security concerns. If it's opensource then it's easier to figure out if it's spying or stealing data.
lets-p2p
Our project ARK Builders is dedicated to personal productivity apps (all platforms). One app is in production, but we have several apps with ready designs but just not enough budget to release them. If you want to improve your skills in Rust, Kotlin, Swift or Svelte—help would be very much appreciated. We can also pay at some point, depending on how effective the collaboration will be.
https://github.com/ARK-Builders/
https://www.ark-builders.dev
If you're interested, please write a DM or join our public channel in Telegram.
lets-p2p
If you want P2P sync without cloud, a really good software is Syncthing (https://syncthing.net/). You can also self-host it and use as a continuous backup. It requires a bit of configuration, but not a problem until you sync 20 folders between 5 devices (need to add each folder everywhere manually).
If you want to use it as backup, make sure to enable versioning on your server, because removals (same as other changes) propagate to all devices as soon as they are online.
lets-p2p
Thanks! In iroh this "limited centralization" is closer to WebRTC that relies on ICE (STUN/TURN) and where developers could configure their own STUN/TURN servers, and could also enable users to select their own (if the user can manage proper deployment). Iroh uses "relay nodes" which are somewhat similar to STUN/TURN but should be much easier to self-host.
What we mean by "totally decentralized designs" is e.g. Kademlia used in IPFS. There is also DCUtR in Libp2p, that can be used for NAT traversal but probably more decentralized and sophisticated (not 100% sure here).
lets-p2p
I'm not negative at all, if someone wants to support a good project it's their choice.. But if it can't be "investment", it's too unpredictable. Even projects great from technical perspective or with a great mission can go down right from launch and never reach initial level..
lets-p2p
It depends of course. I'm writing right now from DaNang, pretty good hotel apartment for 40$ (separate living room and bedroom, and not sure why but 2 bathrooms). You can find cheaper options, definitely 25$-30$/night is possible for short stays. Hostels are cheaper of course.
Long-term is cheaper too, but I'm not sure if 500$ is possible in DaNang. Also, take seasons into account. March feels more a bit more expensive than January.
lets-p2p
I hope it really works out with OP. I was pleasantly surprised when I requested refund (so far, the first and only) from one agency who spent several months doing something without really delivering anything. I was surprised how easy they agreed to refund. That was on Upwork though, they have reputation system there. But it seems to me that reputation is what fuels accelerators, so they must value it more than 2% of a startup in early stage.
Don't be afraid of telling about your concerns to them, OP. Of course, in polite and ethical manner.
> Is your business mostly operating/churning profits in Korea? Or are cross-border / intercompany transactions a big piece?
Cross-border transactions is the main income. Also my vendors are all overseas, at the moment. But I also spend here in Korea on regular basis for virtual office, storage room, apartment etc. I hope to get Korean clients as well, and I might hire Koreans sometime when I find good fit.
> Keep in mind you'll usually be charged a premium E.g., normal accounting without English might be 150K~200K/monthly, whereas English will bump you up closer to 500k.
That's actually fine if it's smooth and CLEAR communication and they know all tax nuances for corporations. Waste of time due to miscommunication is more tangible risk here in Korea. I'm still not sure if I have to report quarterly or yearly. My current accountant told that we have to report in October, but now she tells we can do it in January. But she is not expert in corporate tax.
I'd go with LoumTax (330K₩/mo) but I'm just afraid that big agency will upsell services I don't need. The lawyers advices me them didn't meet my expectations. Ideal would be a highly-paid individual, probably grown in US or Australia since they usually actually speak English and not pretend by using learnt phrases.