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Posts by Nathan Fox8

2 posts shown.

IRS and Tax Filing Issues in Business, Accounting & Taxes ·
Hey, quick question. As a small business owner getting my digital certificate, can I be the one actually filing all the forms—VAT, income tax, everything—through the IRS website myself, regardless of what my business does? Also, can I use that same setup for the social security portal to handle employee onboarding and terminations? Basically, I’m wondering if I can handle it all solo without having to hand out any powers of attorney to someone else.
Accounting for Sole Proprietors: Tax & Bookkeeping Tips in Business, Accounting & Taxes ·
Hey, how do you handle loans within an LLC?
If the owner lends money to the business or vice versa, is there a hard requirement to actually pay those back?
And what happens to any outstanding loans if the business shuts down?