Comments for LLC Member Draw Bookkeeping Question

Average Rating starstarstarstar

Click here to add your own comments

Feb 04, 2012
Employer Portion of Payroll Taxes
by: Dave

The employer portion of payroll taxes is an expense. Usually one can title the expense as Payroll tax expense. This can include employer portions of SSI and Medicare. You may or may not want to add another expense account for unemployment taxes as these are also considered a payroll expense. Since you can't have employees without paying all of these necessary evils (taxes).

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Return to LLC Member Draw Bookkeeping Question.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.