Hey guys, quick question for you. My wife and her business partner have an LLC brick and mortar retail store. When I setup the Square POS, I guess I listed myself as the Business Owner(business name is listed correctly), and their accountant feels like I’m going to take the tax hit since all those transactions are technically listed under my name. We are in the process of switching the “Business Owner” section of Square into one of their names, but the problem still remains.

Is this correct? I would imagine since all the money/transactions are hitting the business checking account, the business will be able to report that taxable income and not the person listed as the owner through Square? How does that all work?