Llc accounting

If you have elected to set up your business as an LLC (Limited Liability Company), the next question you may have is, How to File Your LLC Tax Return. When an LLC is formed, you can choose the way you are taxed by the federal government. This flexibility is also what makes the LLC structure desirable to small business owners.

When you have an LLC, paying yourself can be complicated. How you do that will depend on whether you are a multi or single-member, or corporation LLC.

If you're like most creative business owners, you're super busy doing #allthethings in your business. You're the chief service provider, director of marketing, and content manager. It's no wonder that you hardly have any time left to tackle the administrative part of your business. Let’s be honest. Your bookkeeping isn't exactly the shiniest penny in the jar either, so it's often pushed aside week after week until it can be pushed no more — which usually signals that it's

The tax and accounting part of owning your own business can feel a little intimidating. Here are my top tips for laying a solid business foundation - including the difference between an LLC and sole proprietorship - and paying yourself as a business owner!

A limited liability company (LLC) formation process is one of the most important steps of starting a business. Along with other benefits, an LLC can provide liability protection for your business. If you're planning to set up one, here're 5 common mistakes to avoid: not taking advantage of all the tax benefits, Failing to create an operating agreement, failing to keep your personal and business finances separate, etc. Read the full blog for more.

An S Corp vs LLC can impact your freelance business. Learn the key differences, tax benefits, and which option is best for your needs.

Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

Find out how to turn your income statement into a rich source of decision-making insights.

Your business is growing. It’s time to ditch the spreadsheet and jump into QuickBooks Online. You need the help to manage your business finances.

How LLC owners should record personal paychecks for tax and accounting purposes, including salary vs. draw.