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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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countrygent36
Joined: 21 Feb 2008
Posts: 1
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| Posted: Thu Feb 21, 2008 8:30 am Post subject: Question for experiened accountant |
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Individual 1 is part owner of business A and also part owner of business B. His wife is part owner of business B also, plus she has a personal job, paying a set wage.
How is it best/legal to separate/group these incomes?
Please feel free to email me.
Thanks. |
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YourVirtualAssistant
Joined: 24 Feb 2008
Posts: 17
Location: Spencer, OK
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| Posted: Mon Feb 25, 2008 9:00 am Post subject: |
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| You should have equity accounts set up for each owner. |
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