US LLC Accounting

[yngmind]

Do you have proper accounting for your US LLC, which is a disregarded entity, and do you consider it a necessary expense?

My accountant charges around $200 a month, but I think it's not really necessary to file the US return, they only ask for my revenue.

It's not the UK, so I'm wondering””do I really need an accountant? I can calculate my revenue and track how much I've deposited in my company in 15 minutes.

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
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Business Bank Account for your US LLC Remotely

 

[daniels27]

yngmind said:
Do you have proper accounting for your US LLC, which is a disregarded entity, and do you consider it a necessary expense?

My accountant charges around $200 a month, but I think it's not really necessary to file the US return, they only ask for my revenue.

It's not the UK, so I'm wondering””do I really need an accountant? I can calculate my revenue and track how much I've deposited in my company in 15 minutes.
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No, you do not need an accountant. Also, there are no reportings. I would fire him.

 

[Marzio]

yngmind said:
My accountant charges around $200 a month
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Man what a great business idea, i'll start my own accounting firm targeted only at non resident US LLC members.

With only 10 clients it's 20K / month

 

[12345]

no need to do US accounting if you don't have any income tax to pay in the US (no PE there and you are a foreigner) You need to do accounting in your home country

 

[yngmind]

Marzio said:
With only 10 clients it's 20K / month
Click to expand...

Nice math, bro

200*10 = 20 000 smi(&%

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[Marzio]

There's one zero missing somewhere 😛