What is the best way to categorize personal income tax and HST payments into the proper expense category in Quick Books. Should I set up two liabilities in the COA?

Hi there,

It's vital you're able to categorize your personal income tax and HST payments. Recording them the right way is a good method for preventing errors in your books. 

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help.

Otherwise, enjoy the rest of your week. :)