Bookkeeping

Accounting for LLC: Best Practices and FAQs

LLCs, like any other business, need an accounting foundation to continue running smoothly. FICA requires LLCs to pay self-employment taxes and contributions toward Medicare and Social Security. For many LLCs, especially single-member LLCs, outsourcing this task could be a way to ensure it runs smoothly, especially with regard to some harder tasks, such as for tax purposes. […]