Future Income Taxes: Essential Concepts and How They Function

Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.
Accounting Today

IASB proposes leeway for deferred tax accounting under OECD rules

The International Accounting Standards Board proposed amendments to its income tax standard to provide temporary relief from accounting for deferred taxes arising from the imminent implementation of ...
Nasdaq

What Is a Deferred Tax Asset?

A deferred tax asset is usually an item on a company's balance sheet that was created by the early payment or overpayment of taxes. They are financial assets that can be redeemed in the future to ...
AOL

Deferred Tax Assets vs. Deferred Tax Liabilities: What's the Difference?

When it comes to a company’s taxes, there are two important categories to understand: assets and liabilities. Tax liability is anything that a person or company owes taxes on, such as income or ...
Entrepreneur

A Tax Deferred Annuity 101 Guide For Non Biased Consumers

When it comes to retirement, we all have our own goals and visions. For my grandparents, they preferred to stay in the home that they paid off for several reasons. Mainly, though, it was because this ...