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Accounting for Tax

Toni Dyson and Claire Plant, of Bourne Business Consulting LLP, provide an initial guide to deferred tax accounting, helping to demystify even the most complicated of scenarios

 
Toni Dyson and Claire Plant of Bourne Business Consulting LLP provide an initial guide to deferred tax accounting helping to demystify even the most complicated of scenarios
 
Much confusion and complexity surrounds the concept of deferred tax. In this series of articles we draw on our specialist capital allowances and compliance experience to explain deferred tax accounting. We will work through from first principles to the practical challenges posed by the different accounting standards as well as looking at how the deferred tax process can be improved. In this first article we consider why the concept of deferred tax exists its purpose and...

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