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⚠️ Common Accounting Mistakes in LLCs (and How to Avoid Them Before Year-End)

Hi, I’m CPA Maximiliano Mira Salas from FINANCERS.

If you have an active LLC in the U.S., now is a great time to review your books before the fiscal year closes.
Here are the most frequent mistakes I see in tax filings:

  1. Mixing personal and business accounts: Always use your LLC’s bank account for all business transactions.
  2. Not recording all income: Make sure your Stripe, PayPal, or Zelle deposits are included in your accounting records.
  3. Confusing expenses with investments: Large equipment or assets must be capitalized and depreciated, not expensed in full during the month.
  4. Forgetting depreciation entries: Review your fixed asset list and record monthly depreciation.
  5. Skipping bank reconciliations: Compare your books to your bank statements every month to catch errors early.


Fixing these issues now can save you serious trouble with the IRS when you file your Form 1065 or 1120.

If you don’t yet have a U.S.-based accountant, this is the perfect time to prepare your year-end.
Contact FINANCERS to handle your Tax Return and ensure your filing is error-free and penalty-free.

Best regards,
CPA Maximiliano Mira Salas
International Tax Advisor | FINANCERS 🇦🇷🇺🇸

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