cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
Level 10

Reply to message

It's not a receivable for the business, it's a personal receivable for the owner, but if this is not a corporation, then it doesn't matter from a tax point of view, as there is no balance sheet on the tax return. But why put this as an asset in the LLC, and risk losing it if the LLC is sued.

So I would post the payroll deduction to an equity contribution account, every pay run

Need to get in touch?

Contact us