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Level 1

What category should I expense my LLC annual tax fee to? Should it be separated from my quarterly tax payments when tracking the expense through quickbooks?Thanks!

 
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Best answer 12-10-2018

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Level 15

What category should I expense my LLC annual tax fee to? Should it be separated from my quarterly tax payments when tracking the expense through quickbooks?Thanks!

Yes it is an expense, you can name the expense account as you wish when you create it, or use professional fees and taxes

If this is an estimated quarterly tax payments for a sole proprietor or partner it is an equity draw

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Highlighted
Level 15

What category should I expense my LLC annual tax fee to? Should it be separated from my quarterly tax payments when tracking the expense through quickbooks?Thanks!

Yes it is an expense, you can name the expense account as you wish when you create it, or use professional fees and taxes

If this is an estimated quarterly tax payments for a sole proprietor or partner it is an equity draw

View solution in original post

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