About Rustler

Level 15

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About Rustler

3rd generation retired military, I ride and wrench on Harleys, and I am stubborn as hell, I work at it until I get it

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Re: Can I retain earnings in the S Corp and then invest that in an i...

An s-corp is a pass through entity, that means that each years net income is fully taxable to the shareholders (portioned out to the shareholders). So any reta...

Rustler

1

Updated Jun 13, 2021
Re: How do i record my 2020 Federal

Would be nice if you specified what taxes you are asking about taking a guess that this is estimated taxes, it is not a business expense it is an equity draw

Rustler

Updated Jun 12, 2021
Re: I need to make an invoice with the total cost but the customer w...

QBO does not do installment sales, which is what you are talking about basically. If you create an invoice for the full amount, you can receive payments agains...

Rustler

Updated Jun 12, 2021
Re: Exporting inventory from desktop automatically

In desktop create the report you want, memorize and schedule, it will go out automatically desktop inventory will never sync with qbo, desktop has too many addi...

Rustler

Updated Jun 10, 2021
Re: how do you record S Corp quarterly taxes

In an s-corp estimated taxes are a personal event since the s-corp is a pass through entity. So either take an equity draw in the amount to be paid, and then p...

Rustler

Updated Jun 10, 2021

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