Recommendations for Tax Programs for LLC? Or Accountants?
Who has their business set up as an LLC? Who has it as Sole Proprietor?
Need to pick people's brains about how...
Gwendolyn R. replied:
I keep it simple. Mine is a sole proprietor. I file my taxes and I complete the Schedule C for Profit and Loss for my business. I am able to do all that I need to do with the schedule C. For my personal taxes, I complete the Schedule A. I use Turbo Tax Home and Business as I have for the last 15 years. It is just not difficult enough to pay and enormous amount for a CPA or and Accountant. I pay about $80 for the software at Sam's Club and I go from there. I keep good bookkeeping through out the year on a spread sheet and when it is tax time, I just convert it from the spread sheet to the software.
Bonnie D. replied:
LLC Limited Liability Corp. Secretary of the State www.concord-sots.ct.gov. Go to Forms. File under Domestic Limited Liability using Articles of Organization. Start up fee as of 2014 was $120.00. The yearly fee is $20.00 after start-up. Business Entity Tax will be charged yearly by the Dept of Revenue-$250.00. With LLC, you are considered a Self Proprietor. You are the manager for the purpose of filling out the forms.