Tax Accounting | Accounting, Financial, Tax

Accounting For Income Tax [Adapted From IAS 12]

In this post, I am going to talk about standard applies to the accounting for income tax, adapted from IAS 12. It uses a liability method...

Corporate Income Tax13 years ago

Deferred Income Taxes [Deferred Tax Liabilities] With Case Example

Income for financial statement purposes is determined under generally accepted accounting principles as set forth by the accounting profession. Income for tax purposes is determined according...

Accounting13 years ago

Controlling Tax Liabilities

When planning for treatment of tax expenses, consider these accounting methods and choices of accounting periods for controlling the amount of tax liabilities that may be...