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DennVafla


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small business taxes
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I just started an LLC as a therapist. How do I report my new business income and expenses? How often do I need to file taxes? And how much should I set aside for taxes?



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Clotibrut


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Welcome to the LLC club! Sorting out business taxes can be a bit of a maze, but fear not, you've got this! For reporting income and expenses, keep meticulous records—consider a handy accounting software. As for filing, it typically depends on your location, so best check in with the tax gods (or an accountant!) to stay on track. Setting aside about 25-30% for taxes is a good rule of thumb, but a chat with some savvy accountants in Leicestershire could give you the scoop tailored to your situation.



-- Edited by Clotibrut on Monday 20th of November 2023 03:13:29 PM

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