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165 points smlavine | 1 comments | | HN request time: 0s | source
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unclad5968 ◴[] No.45112096[source]
I know literally nothing about business accounting or business taxes. Why does the expenses include both the employee's compensation and also their taxes? Do businesses claim their employees taxes as expenses?

Very cool to see such a detailed report about finances.

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AndyKelley ◴[] No.45112169[source]
Hello, I am the author of the post.

The expenses listed here are accounting for 100% of the expenses paid by the organization. If you go fetch the 990 from the IRS and look at the totals, it will match dollar-for-dollar, cent-for-cent. So if I deleted taxes from this report, you would hopefully all be wondering, where did that $13,089.07 go?

Happy to answer any other questions.

Edit: I see the question is about income tax vs payroll tax categorization. As this isn't my area of expertise and it's getting late, I'll wait until tomorrow to check carefully and make any necessary clarifications.

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unclad5968 ◴[] No.45112286[source]
I think I understand from the other comments. I never considered that it is technically an expense to withhold the income taxes of employees and then pay it to the IRS.
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1. throwawaymaths ◴[] No.45113875{3}[source]
there is still payroll tax on top of that though, snd c3s are not exempt