NAC706.401972. Accounts for payroll taxes withheld and accrued and for accrued payroll benefits.

     1. The account for payroll taxes withheld and accrued must include all amounts withheld from the wages or salaries of employees that are payable to a governmental agency and all accrued liabilities of the company which are owed to a governmental agency, the liability for which is determined on the basis of a percentage of the payroll. The account must be maintained in such a manner as to allow ready identification of the liability of the company to each governmental agency.

     2. The account for accrued payroll benefits must:

     (a) Include all amounts withheld from employee wages or salaries that are payable at the end of each month, other than such amounts payable to a governmental agency;

     (b) Include all liabilities incurred by the company which are payable and which arise as a result of having employees, other than such liabilities payable to a governmental agency; and

     (c) Be maintained in such a manner as to allow ready identification of liabilities as between the employees and the company and the class of liability accrued, including, without limitation, welfare, pension contributions and other contributions.

     (Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002)