Question

Account for Annual LLC filing --Franchise Tax Board

Hello,

Thanks in advance for your help!

We pay an annual State fee for our LLC.

Californai --Franchise Tax Board.

Is this just a regular expense account?!

Thank you!

@screenname Personally, I categorize it as 'Business Licenses and Permits', but it's not that persnickety.

As long as you pick an expense account name for it that you or your accountant can recognize and map to your income tax return, it'll be fine.

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