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February 5, 2025
Question

Account for Annual LLC filing --Franchise Tax Board

  • February 5, 2025
  • 1 reply
  • 6 views

Hello,

 

Thanks in advance for your help!

 

We pay an annual State fee  for our LLC.

 

Californai --Franchise Tax Board.

 

Is this just a regular expense account?!

 

Thank you!

 

1 reply

FishingForAnswers
Level 4
February 5, 2025

@screenname  Personally, I categorize it as 'Business Licenses and Permits', but it's not that persnickety.

 

As long as you pick an expense account name for it that you or your accountant can recognize and map to your income tax return, it'll be fine.