How to handle tax fines

1

Hello,

I’m wondering how to put a tax fine into manager so it is a non-deductable expense.

Can anyone help me with this?

2

Create an ordinary account called “tax fines” and use that to classify your tax fines as an expense.

3

Hello Ealfardan,

Thanks for your reaction.

I read on the internet that it should be converted in function of the 0% deductibility by an accounting program. How does this work in Manager? Can you please explain this?

4

Excuse me, I think I get it. When I file the tax return for this year, I fill in the amount of the ‘tax fines’ as ‘non-deductable expenses’ so it is treated in the right way by the authority?

5

Speak to an accountant in your country.

6

Thanks for the tip. I will.

7

Manager makes no distinction between deductible and non-deductible expenses. That is a tax calculation issue. You read something elsewhere about some other accounting program or generic advice that doesn’t apply to Manager.

8

A little late reaction from my side, but nevertheless… Thanks Tut!