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#1
08-14-2007, 11:16 PM
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Accounting Question
I have to book Payroll Expense as a deduction. Where does it go? The only place I could find was Salary and Wages.
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#3
08-15-2007, 01:14 PM
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Re: Accounting Question
I don't know the magnitude of your expenses, but I would seriously consider the competent advice of an accountant on this...
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#4
08-15-2007, 02:24 PM
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Re: Accounting Question
[ QUOTE ]
I don't know the magnitude of your expenses, but I would seriously consider the competent advice of an accountant on this... [/ QUOTE ] Nah, just print off the response from 2+2 and send that to your auditor.
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#5
08-15-2007, 03:59 PM
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Re: Accounting Question
We don't have enough detail. He never said this was for a tax return. This could easily just be for the company's books. If it's truly a payroll expense, it would likely be treated as such on a tax return barring a few less likely exceptions (e.g. an extraordinary amount of officer's compensation, etc.).
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#6
08-15-2007, 08:04 PM
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Re: Accounting Question
you might be right.....hey, wasn't former enron ceo kenneth lay a 2+2er???
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