by Nancy
(Florida)
We are in the process of opening another restaurant dba under the same S corp. We will keep a seperate set of books.
How do I account for all the dollars that the original restaurant spent on renovations and start up costs.
Also, do we need two tax returns?
by Eve
(Middletwown, NY, USA)
Hi,I have a client who recently changed from a DBA to an SCorp at the suggestion of his accountant. Shouldn't he be paying quarterly income taxes or can he pay at the end of the year once he files the scorp for the first time? He is taking checks each month in the amount of 3K to 4K.
I own a restarant as a sole prop but I am changing over to a S corp. How do I post the transfer of the equipment to the S corp journal?
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