AboutKarin Hostetler Expertise I am a QuickBooks certified Professional Advisor and can answer questions on Quickbooks Basic and Pro, all versions through 2008.
Experience I have worked with Quickbooks since version 1, and have had a tip published on the Intuit website. I work exclusively with small business owners in setting up Quickbooks, giving on-going support to tweak the reports, resolving data issues and correcting problems. I offer monthly, quarterly and yearly tune-ups to prepare the clients data for presentation to their CPA at year end
Publications Intuit Pro-connection
Education/Credentials I have a degree in Administration and Management with 20 years of hands on business experience in many fields
Expert: Karin Hostetler Date: 6/12/2008 Subject: Never ending credit
Question QUESTION: Hi,
I have a credit my SUTA tax that I am slowly working off. How do I show I have "paid" the tax when I don't actually write a check?
Thanks,
Steph
ANSWER: Hi Steph,
Is the credit showing on your payroll liabilities?
That will be the thing that decides how you handle it.
Let me know
Karin
---------- FOLLOW-UP ----------
QUESTION: Yes. Thanks for help.
Answer Hi Stephanie,
My apologies for the delay in answering.
If the credit occurred in previous yrs you will have to adjust it out (without effecting accounts) and add it in to the current year.
This way your liability report will show the credit.
Then you would adjust each qtr to zero as they are completed and reduce the amount of the credit in the first qrt by the amount paid.
Sorry, I know this is cumbersome. It's one of the reasons that I tell my clients to request a refund from the taxing authority - this helps keep the books neat and tidy since you would deposit the refund against the overpayment.
Hope this helps
Karin
