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Started a foreign-owned LLC. Feeling overwhelmed and need advice. (alien.top)

submitted 11 months ago by throwawayissues238@alien.top to c/entrepreneur@indiehackers.space

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So my LLC is going to be online publishing content incorporated in Wyoming. I have an EIN, articles of formation, etc. My next steps are to start a business bank account, and of course consult with a CPA.

In the meantime however, I’m just feeling a little overwhelmed about a few things that I was hoping to clarify here.

What exactly is bookkeeping and am I supposed to be paying a service to do this? I had just assumed saving my business bank account statements would be how I kept my books. Then, at the end of the year, I give these statements to a CPA and they do my taxes for me. Is this not correct?
Why do some articles say I have to pay taxes quarterly (but file tax forms once a year), while others say I only do it once a year along with my tax forms? Are only some kinds of businesses supposed to pay quarterly, while others annually, and if so, what kinds?
Do I need to pay for a CPA service that I can consult with year round, or am I supposed to just see a CPA with my bank statements at year end, then pay them a one-time fee to file my taxes for me?

I guess altogether, I’m just a little overwhelmed by all of these paid services advertising bookkeeping + accounting services for $$/month. I get that for some businesses, especially brick and mortar ones, things can get a little trickier or confusing with their books. But for an online only business, do I really need to do more than pay a CPA once a year to file my taxes for me?

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[–] AskFelix@alien.top 1 points 11 months ago

Are you already making money with the content publishing business? You jumped through a lot of hoops for what seems like a blog/newsletter/video channel. Unless you have other businesses/income/assets that need protection but given your questions, it seems like you dont.