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LStrong7
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I have a similar issue, and hope you can help. I started using the other liability asset account of Employee Advance to record the owner (now S-corp) pocketing cash payments, Venmo, etc. Now Payroll does not withhold any taxes on the amount deducted from his salary check. I suspect it assumes taxes were withheld when the advance was taken. I discovered this after making 941 monthly deposits and filing 4th quarter 941 report. Do you have advice on how to make corrections in Payroll withholding, so I can amend my 4th quarter filing?

 

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