Hi Guys, Quick one – how should corporation tax be recorded?

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Hi Guys, Quick one – how should corporation tax be recorded?

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Peter Connor ⋅ Staff February 6, 2016
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Well corporation tax is recorded on most income that a company brings in. 
Why are you asking that?
Pete

#answer-2673
  1. accounts11 February 6, 2016
    Just wondering how I should account for the corp tax i paid last year for 2014
  2. accounts11 February 6, 2016
    Do I record this as a one off tax payment in bullet?
  3. accounts11 February 6, 2016
    or as a normal bill?
  4. Peter Connor February 6, 2016
    Hi,
    We don't have a workflow for corp tax it's usually done by an account using the following steps.
    If you're not familiar with journal entries you'd be best getting advice off your accountant.
    Tks Pete

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