[GNC] How to record Personal income tax ?

Adrien Monteleone adrien.monteleone at lusfiber.net
Thu Mar 19 13:05:31 EDT 2020


This depends on if you are receiving a payment from some other entity, or you are paying yourself from your own business and keeping one set of books. (a passthru business, such as sole proprietorship)

You REALLY need to speak to a local CPA for guidance on the proper entries to make. They are the only ones who can advise you on how to record this properly.

Anyone else would be just speculating or giving you examples for *their* jurisdiction, not necessarily for yours.

Regards,
Adrien

> On Mar 19, 2020 w12d79, at 9:32 AM, Long <Phamhoanglongvn at outlook.com> wrote:
> 
> Thank you so much for your help,
> 
> I had read the capital gains and it's maybe hard to understand for me.
> I just want to make a report for me, not for government. I just want to know
> how much money i spent for tax. So for now, it's only transaction report?
> 
> And i assume that i need to pay tax, one time every six month. What should i
> do in gnucash ? 
> Income : 3000/month
> Income after 6 month is : 18.000
> Tax = 20%
> => i need to pay tax : 3.600
> 
> Regards.



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