from a real accountant to set up your administration (and maybe do it also, if you prefer). Traditionalyy, it's a typical task to be outsourced, of course, but a one-time advice is possible also, of course.
I am 1 of 2 managers in an LLC - classified as a partnership for tax purposes. I am a bit unfamiliar with how expenses & deductions should be allocated amongst both member managers.
For instance we both have business cellphones - would both of our telephone expenses be lumped together in the Communications Expense account for the LLC? And then I assume that *and other elements* fuel the net gain or loss that is passed through onto our individual returns?
Also is there a guide that explains how to set up expense accounts etc, for tax purposes? Thanks in advance!