AboutShirley McAllister, CPP, PHR Expertise I can answer payroll questions, payroll tax questions, 401K questions. No stock option questions please and I have some knowledge of other pensions but am most familiar with the 401K pension.
I can answer U.S.and Canada payroll questions proficiently and have a good general knowledge of UK and South Africa and some knowledge of Australia and New Zealand Payroll procedures.
Please do not ask me homework questions I do not have time to answer them.
Experience 25 years with an international company in the Human Resources, Payroll and Payroll Tax areas.
Organizations SHRM, APA, I.O.M.A.
Publications I.O.M.A. and BNA
Education/Credentials P.H.R., C.P.P., Canadian Payroll Administrator, Successfully passed APA class on UK Payroll Administration.
Boise State University Human Resource Certification
Awards and Honors APA Hotline Citation of Merit for last 8 years.
Question My husband's old company recently declared bankrupty. He has an IRS lien (payroll taxes) that cannot go in bankruptcy. He has started a new LLC (partnership) and I am setting up his books. The new company has been paying the old payroll tax lien. I am not sure how to account for this expenditure on his new books since his new company is not liable. Is it just a partner expense? Thanks for your help!
Answer If the old company or partner is paying it back than it would be set up as a loan to the other company.
If the old company or partner is not paying it back and it is becoming an expense of the new company than it should be set up as a tax debt payment.
