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Ugur01
Jul 24, 2024 12:25 PM UTC
Question

PAYING TAX ON BEHALF OTHER COMPANY

Hello, 

 

The owner of Company A and Company B is a single person.Company A has paid the tax debt of Company B. Company B will not refund this amount to Company A.

 

In which category should I put this expense for Company A?

1 reply

Candice C
Candice C
Jul 24, 2024 12:35 PM UTC

Good morning, @Ugur01. 

 

Welcome back to the Community! I'd be more than happy to point you in the right direction to get the answer you need. 

 

Based on the question you asked, I recommend consulting with your accountant about which category would be best for the expense for Company A. They'll be able to review your situation and give you the best advice with how your business is ran. 

 

If you don't have an accountant, check out this link to find one near you. 

 

Feel free to reach back out if you have any further questions. Have a great day! 

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