tax advice?

sassyduell
sassyduell Feels At HomeRegistered Posts: 33
Hi all
Where should income tax paid by a sole trader appear in their final accounts
thank you

Comments

  • Bluewednesday
    Bluewednesday Font Of All Knowledge Registered Posts: 1,624
    It doesn't appear in their accounts as it's a personal rather than a business expense
  • sassyduell
    sassyduell Feels At Home Registered Posts: 33
    Thanks
    does that mean if they have paid for the income tax out of their business account it should be treated as drawings?
  • deanshepherd
    deanshepherd Font Of All Knowledge Registered Posts: 1,809
    Yes.
Privacy Policy