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Tax Deductions – How to classify LLC business expenses?
A business hosting question: As an website host, under what section is the best place to claim our web hosting costs for the business. For instance, servers, bandwidth, etc. What is the best way to describe these expenses? Do company internet, phone, and fax expenses get classified under Telephone Fee’s and charges – or should […]
Apr 21st, 2011 | Filed under Business & Marketing -
How do I pay an expense in Quickbooks when there is no vendor? It is just a business expense?
Question: I need to record a payment as a business expense for monthly web hosting to godaddy in quickbooks. I added godaddy to the list of business expenses. The problem is that I didn’t list them as a vendor, just a business expense category. Should I be making them a vendor to pay them? It […]
Apr 11th, 2011 | Filed under Business & Marketing