Provision vs Payment: Tax Expense, Year-End Payable & a Three-Year Comparison
This lesson is part of the course
In this lesson
You compute the current tax for three years, the tax still payable at each year end after the instalments, and the tax as a share of accounting profit, and chart how far taxable profit lags behind accounting profit.
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Lessons in this course
- The Adjustment Sheet: From Accounting Profit to Adjusted ProfitFree
- Non-Deductible Items: A Category Table, Deductible Shares & Total Add-Backs Locked
- Capital Allowances: Pools, Declining-Balance Rates, Additions & Disposals Locked
- Loss Carry-Forward: A Fictional Cap and the Five-Year Loss Memo Locked
- Rates: A Two-Band Company Rate, Incremental Bands & the Effective Rate Locked
- Instalments: Due Dates with EDATE & WORKDAY, Last Year vs This Year's Estimate Locked
- Late & Early Payments: Interest on Shortfalls and Refunds with Credit Interest Locked
- Provision vs Payment: Tax Expense, Year-End Payable & a Three-Year Comparison Locked