accounting system Expense Reimbursements payroll tax 
SMBAccountant
NOVEMBER 17, 2021
One of the most common errors is derived from posting expenses as cash comes out of the bank. This typically happens in at least 2 withdrawals; net pay and payroll taxes. You would post the net pay to a labor expense account and the payroll taxes to a payroll expense account.
xendoo
JULY 15, 2022
In addition, if you accidentally misclassify, the employer is responsible for any back taxes, penalties, and interest. Not to mention, if you misclassify a contractor as an employee, you could end up paying payroll taxes when you shouldn’t. . Choose Payroll Software. Submit Payroll Taxes on Time.
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