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My payroll provider withdraws payroll taxes weekly and then pays them. Could I make my life easy and just call them an expense?
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If the money they take from you goes to pay the taxes you owe, then to YOU, its an expense. To THEM,it's a liability because they are just holding onto the money until they send it to the agency.
The taxes you owe, along with gross wages are all part of Payroll Expenses.
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