QB Issue Resolution:
Code it to an account called “licenses and fees”, or something along that line. Yes, they do affect the P&L. If they are an annual fee, yes they are tax deductible.
Resolution for Issue 'How to handle the annual LLC fee How should the annual LLC fee of $800 and $6,000 to the FTB be categorized in QB? Do these expenses affect the P & L and are they tax deductible?' available: Yes (Solved).
Source: Intuit Community forum.
How to handle the annual LLC fee How should the annual LLC fee of $800 and $6,000 to the FTB be categorized in QB? Do these expenses affect the P & L and are they tax deductible?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for How to handle the annual LLC fee
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Error Recovery for How to handle the annual LLC fee [Canada]
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