cancel
Showing results forΒ 
Search instead forΒ 
Did you mean:Β 

Reply to message

View discussion in a popup

Replying to:
Shell-Bookkeeping
Level 1

Reply to message

So, each time you pay a payroll tax (during the payroll period), the liability account for 941 will zero out. But then you get a quarterly amount because, in theory, the 941 was underpaid, and this quarterly payment makes up for what is ACTUALLY owed. This quarterly payment can't come out of the liability account because there is nothing in it (in theory). So is this a payroll tax EXPENSE? That's what make sense, but I just wanted to see if someone knew for sure.

Thanks!

Need to get in touch?

Contact us