asked
In accounting for a multi-member LLC, what is the correct category to put Lyft and Uber charges? This is for a client from Portugal who has made about 200 transactions of Lyft and Uber on the business account in the last 6 months, all related to business travel for a restaurant the LLC owns that is not yet open.
September 5th, 2023
We received a letter regarding the city of Los Angeles Business Tax to obtain a registration certificate. We are an LLC taxed as a C Corporation in its first year, with no income or capital, and only one expense to a tax accountant. Should we file for a Business Tax Registration Certificate, or can we explain in section 4 that we have not been conducting any business in the City of Los Angeles?
August 19th, 2023
Where should I send my W-4V form for Social Security?
May 19th, 2023
Can house insurance be a deductible item for estate filing (Form 1041), and how are memorial and medical expenses treated in this context?
April 14th, 2023
I'm starting a new business from the ground up renting Lyft and Uber vehicles. I'm starting with a $100,000 loan. I'm having trouble balancing my balance sheet between assets, equity, and liability. The SBA business plan tool states that they should match for the beginning and ending dates. What am I missing?
January 8th, 2024
I have a new business established as an S-Corp in the IT field. Can I hire my partner as an employee, and what about other friends or family members? Additionally, I am considering a corp-to-corp arrangement with another vendor. What steps should I take to set up this structure, and what expenses can my company cover for employees?
March 21st, 2023