tax advice?
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sassyduell
Registered Posts: 33 Regular contributor ⭐
in Tax
Hi all
Where should income tax paid by a sole trader appear in their final accounts
thank you
Where should income tax paid by a sole trader appear in their final accounts
thank you
0
Comments
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It doesn't appear in their accounts as it's a personal rather than a business expense0
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Thanks
does that mean if they have paid for the income tax out of their business account it should be treated as drawings?0 -
Yes.0
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