I have an LLC with 2 other members. We perform construction related tasks and the three of us are the only workers. Currently, no one is taking pay and all the money is kept in the business. When a service is performed, the customer is billed for materials and labor. I know that the material cost is trackable and can be a business expense, but is the labor cost that was charged expensable even if we are not taking pay, but the service was done?
