The Simplest Way to Understand Deferred Tax And It’s Treatment

A deferred tax liability is an account on a company’s balance sheet that is a result of temporary differences between the company’s accounting and tax carrying values, the anticipated and enacted income tax rate, and estimated taxes payable for the current year. Deferred tax assets can arise due to net loss carry-overs, which are only… Read More The Simplest Way to Understand Deferred Tax And It’s Treatment