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13.62

Accounts that handle tax

13.62 Accounts that handle tax

The formal paperwork and statements for your official government tax ledgers.

Overview

Here we are at the final stop. The big ledger in the sky. This is the place to store all the official paperwork and statements related to government tax account/s for the business.

And any other important documents related to quarterly or annual tax returns (and the final return itself). Plus correspondence with your accountant around preparing these returns.

If you have more than one account for different types of tax, subfolder everything neatly using the date and account name as per previous guidance.

Examples

Applicable taxes may include: income; sales; fringe benefits; capital gains; payroll; land; stamp duty.

Also see

If you receive a bill for taxes owed, put it in 13.51 Inbox and processing of liabilities, process it, then file it here. Ditto for your accountant’s invoices.

Further reading