Corporation tax showing as asset

Hi @flauntys

While I’m not an accountant and can’t help with individual accounting queries, I can hopefully point you in the right direction.

There’s a previous post on corporation tax here, which explains how a journal should be created and it’s effects.

From reading your post, I believe the journal should correct your issue. However, as I mentioned, it may be best to run your circumstances past an accountant to be sure.

Hope that helps