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Dec 11, 2018 5:48 AM UTC
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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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Rustler
RustlerAnswer
Dec 11, 2018 5:48 AM UTC

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

1 reply

Rustler
RustlerAnswer
Dec 11, 2018 5:48 AM UTC

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