I started my LLC earlier this year with two other owners/members. We've outsourced our bookkeeping but I'm not yet paying for a tax accountant to be on call 100% of the time. Therefore, can you suggest a best online resource to things we should be considering when it comes to taxes? For instance, what should I be putting on the company credit card vs not (i.e. a new phone, internet at home, etc.) - OR are those things I should continue to pay personally and then "write off" at the end of the year?
OR, another thing that has come up > are there other things we should be thinking of/tracking/handling a certain way so that our end-of-year filing is smoother? Thanks!
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The IRS has a Self-Employed Individuals Tax Center that is a wealth of information! You can find it here:
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
Another good resource for small business information is the Small Business Administration, which can be found here:
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