Hi, My employer is a sole trader and has only recently lodged his tax returns for the years from 2019 onwards, which has created amounts owing to the ATO which he has now paid and has also now b...
When it comes to giving financial advice on whether to create a liability, expense or equity account, we are not permitted to do so. Instead, we recommend speaking with your accountant as they can provide you with more information.
Best regards,
Doreen
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