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posted Aug 30, 2023 9:57:09 AM

Paying Taxes from a Business account- Sole Proprietor

Hello! I have an LLC but am considered a sole proprietor when it comes to filing my taxes. When I go to pay my quarterly taxes should I be taking the funds from my business bank account or from my personal bank account or does it matter? Thanks!

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1 Replies
Employee Tax Expert
Aug 30, 2023 10:01:26 AM

Thank you for asking. The quarterly estimated tax payment is paid toward your individual income tax and should be considered as personal expense. Therefore, a personal account will be the best practice.