View Single Post
  #4  
Old 03-09-2013, 10:23 AM
Smallaxe Smallaxe is offline
LawnSite Fanatic
 
Join Date: May 2007
Location: Central Wisconsin
Posts: 10,011
I have a regular personal checking account that recieves only the checks from the business and the disbursements to other personal checking accounts from there...
gov't doesn't care how you keep records or what kind of checking account you have as long as there is a paper trail that makes sense as being proper and reasonable...
quickbooks are a waste of time in that you are rewriting your transactions an extra time... everything pertaining to taxes is in the checkbook, timecard and cumulative invoice sheet...

Be sure you have a state tax number,,, a sales tax number is required becuz in most states your invoices for services rendered are subject to sales/use tax... you are correct in that the SSN is adequate for sole proprieter of a personal business...
__________________
*
Now that I know that clay's texture(platelets) has nothing to do with water infiltration, percolation, or drainage
,,, I wonder what does...
*
Reply With Quote
 
Page generated in 0.03418 seconds with 7 queries