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jafarmer61
March 22, 2019
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Is there a way of calculating Corporation Tax liability on Quickbooks where Dividend payments are made.

  • March 22, 2019
  • 2 replies
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Original commenter did not share additional details
Best answer by emmam6

Hello Community Users, When dealing with corporation tax and dividends we'd recommend confirming with an accountant how best to calculate this.

2 replies

Rustler
Rustler
March 22, 2019

A corporation pays income taxes on earnings, total earnings

 

then if a dividend is declared, that amount is paid per share to the stockholders.  The stockholders will report those dividends and pay income taxes on them - but the corporation does not incur any income taxes on the payment.  The payment is from earnings which is being taxed at the corporate level.

 

The final word on this should come from your tax accountant

E
emmam6Answer
January 17, 2023

Hello Community Users, When dealing with corporation tax and dividends we'd recommend confirming with an accountant how best to calculate this.

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