Owners Distributions for Taxes

We pay so many different kinds of taxes in our business - where should they show up on our financial statements? Some taxes go on the profit and loss statement as an expense, and some are considered an owner's distribution - but why!? And how do we know which is which?

This video will help clear up the confusion about tax payments and where you should code them in your accounting system.

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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

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Видео Owners Distributions for Taxes канала Clara CFO Group