Thank you so much. I am attempting to pass REG on my second try and you really made this understandable for me and I am awful at tax! I am now going to binge watch your videos. :)
it's a very helpful video... I have a question.. as per accrual accounting we account for 12 months rent which is $36,000 and for tax purposes we account $39000 on cash basis for 13 months including 2028's rent.. now in next assessment year as usual we account for 12 months rent $36000 as per accrual accounting and should be 11 months rent in current year plus 1 month rent from 2029 ( totally not 13 but 12) $36000 next assessment year right.. just got confused..can u help??
I have a question if someone could please answer. The temporary difference is due to the different accounting methods. What if the company account for their assessable income on an accrual basis ? Will there be any DTA & DTL in that case ?
Income taxes paid, is income tax withheld, withholding tax, withholding taxes incurred payable to all tax payers, in all types and Classifications as Tax Codes are declared, employers, employees, and respective status, that prevents LOSSES, BANKCRUPTCY, as well as FRAUD, LAUNDERING, with or without APP, SEO, it is also into reconciliations, trial balances directly where the Taxes are FILED, REPORTED, REPORTING-AUTHORIZED BRANCH. Non offshore or Onshore since it is in accordance to LAWS governing TAXATION for FOREIGN COMPANIES and TABLE OF TAXATION, Franchisee(s) companies or corporation as SEC Requirements/Declarations ∆ LLCS, Patented, Registrations, Registered, Copyrighted are owned by its respective owners and has rights to examine details of requirements/documentations-SMEs..Deferred/Incurred status-reports accordingly dated years and reports realization per SEC/measures attested by private and public sectors. Respectively certain. /./././/./././G.M Industries. Thank you
I'm studying for the cpa exam and the way you explained this gives me hope. Thank you!
No problem - I hope you pass the exam!
He explains complex concepts concisely and effectively. He is a great speaker/orator m
This helped me finally understand the concept, thanks!
Thank you so much. I am attempting to pass REG on my second try and you really made this understandable for me and I am awful at tax! I am now going to binge watch your videos. :)
You are truly amazing! You make concepts so simple and clear. Respect!
I agree. He explains complex concepts concisely and effectively. He is a great speaker/orator.
Thank you. I usually never comment in videos. But this was so so so soo clear. Thanks.
I'm truly honored, thank you!
I think this video should come before DTA and DTL videos in the playlist financial accounting for income taxes.
Goat ! I like ur lessons so much.
Thanks! 😃
nice example!
This is great tutorials
Thank you!
Simple and easy to explain!
You're a savior. Thanks!
You’re the man
it's a very helpful video... I have a question.. as per accrual accounting we account for 12 months rent which is $36,000 and for tax purposes we account $39000 on cash basis for 13 months including 2028's rent.. now in next assessment year as usual we account for 12 months rent $36000 as per accrual accounting and should be 11 months rent in current year plus 1 month rent from 2029 ( totally not 13 but 12) $36000 next assessment year right.. just got confused..can u help??
Very clear. Love it.
Thanks!
I have a question if someone could please answer. The temporary difference is due to the different accounting methods. What if the company account for their assessable income on an accrual basis ? Will there be any DTA & DTL in that case ?
Income tax expenses ledger kiske under me aayega
Funny fact :
1/ this guy sounds like Michael in The Good Place
2/ his name is Michael
Thank you SIR !!! RESPECT!
:) Thanks Robert!
Sharing information
Thank you!
No problem!
Thank you..!!
No problem!
thanks
no problem!
Is tax payable what actually paid to the irs🥲 .and how to prepare it. and thank for this beneficial information.
Income taxes paid, is income tax withheld, withholding tax, withholding taxes incurred payable to all tax payers, in all types and Classifications as Tax Codes are declared, employers, employees, and respective status, that prevents LOSSES, BANKCRUPTCY, as well as FRAUD, LAUNDERING, with or without APP, SEO, it is also into reconciliations, trial balances directly where the Taxes are FILED, REPORTED, REPORTING-AUTHORIZED BRANCH. Non offshore or Onshore since it is in accordance to LAWS governing TAXATION for FOREIGN COMPANIES and TABLE OF TAXATION, Franchisee(s) companies or corporation as SEC Requirements/Declarations ∆ LLCS, Patented, Registrations, Registered, Copyrighted are owned by its respective owners and has rights to examine details of requirements/documentations-SMEs..Deferred/Incurred status-reports accordingly dated years and reports realization per SEC/measures attested by private and public sectors. Respectively certain. /./././/./././G.M Industries. Thank you