FrontAccounting forum — Company Tax accounts

Re: Company Tax accounts

null@example.com (joe) — Mon, 08 Aug 2011 12:52:07 +0000

Please contact a local accountant for setting up your accountance. We do not provide support on that. We don't have the resourcess for this.

/Joe

Re: Company Tax accounts

null@example.com (Dave) — Mon, 08 Aug 2011 11:55:52 +0000

Hmmm.. the quote caused an issue (;

I'm pretty sure I need to credit a liability for this and I have \"2120 Accrued Income Tax - State\", but I don't know what to debit? If I debit an expense account that's no good since it will affect profit.

Also - I'm not 100% certain that \"2120 Accrued Income Tax - State\" is correct anyway since it may be for Income tax that needs to be paid over?

The company is not VAT registered and does not have any employees, so is only liable for its Corp Tax.

I wonder if I've deleted an account from the chart of accounts that I needed for this?

Regards,
Dave

Company Tax accounts

null@example.com (Dave) — Mon, 08 Aug 2011 11:54:26 +0000

Hi,

I'm trying to enter the Year end Corporate tax liability into my FA, but I've run into an issue.

I'm pretty sure I need to credit a liability for this and I have