LLC register

[Sucker]

3 hours ago, perugu_vada said:

 

Oka w2 chesthu ,. 2nd dhi 1099 medha work chesinapudu .. own llc lo pay-check weekly deposit authu unte .. use cheskovocha ah money ni without transferring to personal account or running pay check ? @Hitman @fasak_vachadu @Sucker uncles

Yes can pay bills and can use travel like that.  Transfer chesina withdrawal chesina tax ne depending on personal income tax bracket meedha end of the year. 

[fasak_vachadu]

7 hours ago, perugu_vada said:

 

Oka w2 chesthu ,. 2nd dhi 1099 medha work chesinapudu .. own llc lo pay-check weekly deposit authu unte .. use cheskovocha ah money ni without transferring to personal account or running pay check ? @Hitman @fasak_vachadu @Sucker uncles

Personal check cheyavachu any expenses you can show like buying a laptop printer etc….

better havve an appointment with CPA vadu ela dobbavachu ani anni cheputhadu 

[perugu_vada]

10 hours ago, Sucker said:

Yes can pay bills and can use travel like that.  Transfer chesina withdrawal chesina tax ne depending on personal income tax bracket meedha end of the year. 

 

5 hours ago, fasak_vachadu said:

Personal check cheyavachu any expenses you can show like buying a laptop printer etc….

better havve an appointment with CPA vadu ela dobbavachu ani anni cheputhadu 

Ok cpa tho matladali le elago .. mi personal exp enti ani if u have llc

[Sucker]

1 minute ago, perugu_vada said:

 

Ok cpa tho matladali le elago .. mi personal exp enti ani if u have llc

Nenu IT self employment chesetappudu max anni bills BIZ card tho ne pay chesa. CPA gaadu never withdraw or tranfer ani cheppindu. Bills aithe ay least doc cheyyaniki easy audit padithe chupiyyaniki 

[fasak_vachadu]

42 minutes ago, Sucker said:

Nenu IT self employment chesetappudu max anni bills BIZ card tho ne pay chesa. CPA gaadu never withdraw or tranfer ani cheppindu. Bills aithe ay least doc cheyyaniki easy audit padithe chupiyyaniki 

Good to know bro thanks anavasramga tax katte badulu we can save some bucks 

[fasak_vachadu]

Inkko question @Suckerbhaya LLC money tho house ki down payment cheyava Bach or rent pay cheyatam ala cheya va aha ???

inkka cc bill pay cheya vacaha 

[Sucker]

6 minutes ago, fasak_vachadu said:

Inkko question @Suckerbhaya LLC money tho house ki down payment cheyava Bach or rent pay cheyatam ala cheya va aha ???

inkka cc bill pay cheya vacaha 

CPA better anna vaatiki. Okkodi okko la chesthadu. Final goal is Audit padodhu 

[yemdoing]

16 hours ago, Hitman said:

Yearly up to 200 depends on state. One time registration fee yo-yo 700. Accountant expenses yearly 1500 (desi standard). That’s it

wow accountant expenses $1500 ?? peddaga yaparam lekunna anthey avthundha ?

[PhillyDotNetGuy]

Say monthly $10K LLC lo padite, once in a quarter I write a check for $27K to myself. Remaining $12K expenses for entire year.

How do I report this $27K quarterly income to irs? year end tax document evaru istaru? state istada?

[perugu_vada]

47 minutes ago, fasak_vachadu said:

Inkko question @Suckerbhaya LLC money tho house ki down payment cheyava Bach or rent pay cheyatam ala cheya va aha ???

inkka cc bill pay cheya vacaha 

yeah nadi same question ... can we use that amount for rent and other daily expenses too.. 

[MiryalgudaMaruthiRao]

46 minutes ago, PhillyDotNetGuy said:

Say monthly $10K LLC lo padite, once in a quarter I write a check for $27K to myself. Remaining $12K expenses for entire year.

How do I report this $27K quarterly income to irs? year end tax document evaru istaru? state istada?

over to @Cpage

[kakatiya]

5 hours ago, perugu_vada said:

yeah nadi same question ... can we use that amount for rent and other daily expenses too.. 

yes but pakkaga vundali.. 1090

[Hitman]

5 hours ago, perugu_vada said:

yeah nadi same question ... can we use that amount for rent and other daily expenses too.. 

Yes

[Hitman]

Basically portion of all your expenses can be accounted to your business