Thanks for the response. Do you have any recommendations for tax software, or do you have your accountant handle tax payments? I'm a sole proprietor now but am going to upgrade to an LLC soon.
Filing for sole proprietor is really easy. You just make estimated tax payments. It really depends on how much income you generate. If you file quarterly, you're doing well I think.
Accountant can do more than taxes, so they are more like a business ally. Tax agents can file taxes for you and represent you if there's any tax issues.
I've been able to get by with Quicken & TurboTax for sole proprietor.
For LLC, hard to say. QuickBooks desktop or online seem to be the most common. It really depends on how complicated your business needs are I think.
Accountant can do more than taxes, so they are more like a business ally. Tax agents can file taxes for you and represent you if there's any tax issues.
I've been able to get by with Quicken & TurboTax for sole proprietor.
For LLC, hard to say. QuickBooks desktop or online seem to be the most common. It really depends on how complicated your business needs are I think.