Questions & AnswersIncome Tax payments by sole trader
finnrichards asked 7 years ago

Income Tax payments by sole trader – Free Online Small Business Accounting Software Questions & Answers

Just wondering how I would account for a payment against an income tax liability as a sole trader? I’m guessing I have to setup a new account via chart of accounts and handle manually?
If it makes any difference I pay regularly throughout the year instead of in one hit.
Thanks in advance,

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