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 how to calculate it in a series of small steps.
Why bother with deferred tax?
...
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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 how to calculate it in a series of small steps.
Why bother with deferred tax?
...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
