Mikeg ✭✭✭
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- Username Mikeg
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Re: How to categorize payment from my business checking acct to pay my business credit card?
@Bc_10, Yes, if they are both connected and importing, then Wave should find the matching transaction from the other account. For example, a 1500 withdrawal from the checking would be matched to a 15… (View Post)1 -
Re: Automatic Categorization
@diiiane, You can do bulk categorization by using the search feature on the transaction page. So for example if you want to categorize all Amazon as office supplies then add amazon to your search and… (View Post)1 -
Re: 1099 to LLC S-Corp?
@pvel3, You are not required to issue them one but you can if you wish. The reason why an LLC that has elected S-Corp is not required to be issued a 1099 is because the moment they file 2553 Election… (View Post)1 -
Re: How to record quarterly Self-Employment tax payments in the US
@Jsinger013, Yes, generally that is the case. They are pass through entities and therefore do not pay any taxes. Owners drawing or Distributions are located in the equity section of the balance sheet. (View Post)1 -
Re: Is all LLC S-Corp payroll treated as an expense?
@dontworryaboutit, Employers take a deduction for gross wages paid to employees. In addition, you would take a deduction for employer paid taxes. They are separate expenses. So for example, this is w… (View Post)1
