How to handle "taxes to be paid"?

[Everhard van Wijhe]

Each year I want to track the income tax I will have to pay. Now I handle this as follows: I start with on one side the 'income tax due' and on the other side the 'starting capital' dated the 1st of january of each year. When I pay my taxes the same year or later I subtract this from 'income tax due'.
But doing so I have no mention of what I paid on income taxes in my 'loss and profit statement'!
Is there another solution? I tried it differently several times but nothing is OK.
Thanks,
Harry van Wijhe

 

[stanbusk]

The Tax account should be an expense account actually. Startup accounts are hidden.