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August 30, 2023
Question

Paying Taxes from a Business account- Sole Proprietor

  • August 30, 2023
  • 1 reply
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Hello! I have an LLC but am considered a sole proprietor when it comes to filing my taxes. When I go to pay my quarterly taxes should I be taking the funds from my business bank account or from my personal bank account or does it matter? Thanks!

1 reply

August 30, 2023

Thank you for asking. The quarterly estimated tax payment is paid toward your individual income tax and should be considered as personal expense. Therefore, a personal account will be the best practice. 

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