cancel
Showing results for 
Search instead for 
Did you mean: 
SarahStages
Level 1

LLC + Self Employed

Hi there, I just opened my LLC... set up as an S-Corp, but I still have self employed 1099 work that I do separate to my company.

can I put it all in my quickbooks simple Start separated and properly categorized 

OR 

Do I need a simple start account For my business, and a separate self employed account for my self employed/ personal taxes ?

 

Thank  you 

1 Comment 1
JamesDuanT
Moderator

LLC + Self Employed

Let me share what I know when setting up accounts in QuickBooks, SarahStages.

 

We don't really recommend mixing your self-employed data and your business transactions into a single account. This will likely cause confusion when it is time to file personal and business taxes.

 

For your LLC or S-Corp, you can sign up for QuickBooks Online. Meanwhile, QuickBooks Self-Employed is best for your self-employed data. It is better to have separate accounts with this matter to make the filing of forms easier in the future. You can use this link for reference when choosing your subscription: https://quickbooks.intuit.com/pricing/.

 

You can use these links for reference regarding the filing of taxes in the future:

Aside from what I've said above, it is also best to hear the suggestion of your accountant. They can give you hints that will help you decide with this matter. In addition to that, they can also help you set up each account when entering the details.

 

Keep us posted about this. We'll be right here to further assist you in setting up your accounts. Have a great day!

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us