How to learn to pay attention to accounting income tax

First, master the key words: tax law recognition.

Everything is judged around the recognition of the tax law. Only when the accounting treatment method is inconsistent with the tax treatment method will there be differences. No matter how accounting treatment changes, such as shortening depreciation time, increasing depreciation rate, withdrawing and reversing impairment reserve, changing tax rate, etc. Every time the accounting treatment changes, it will be compared with the tax law to see if there is any difference, and then the deferred tax will be determined (except the tax payable method).

In case of multiple time differences, the number of individual installments shall be compared with the number approved by the tax law to determine the borrowing direction of deferred tax one by one. T-account is used to summarize and find out the borrowing direction of the total difference.

Accounting expenses are greater than tax expenses, deferred taxes are debited, and vice versa;

Accounting income is greater than tax income, deferred tax is in the credit, and vice versa.

Second, memories that are easy to miss:

1, timing difference: eight expenses, including impairment reserve, estimated liabilities and amortization of organization expenses. It is not recognized by the tax law when it occurs, and should be added back from the accounting profit, but it is not recognized by the tax law when it is transferred back, which means that this part of the accounting profit is not recognized by the tax law, so it should be deducted from the accounting profit. What is often overlooked when doing problems is to reduce the cost of turning back from accounting profits.

2, bad debt provision tax law confirmation (0. 5%) part. The time difference is the difference between the accounting accrual part and the tax law confirmation part.

Third, understand:

In income tax accounting:

Tax payable (income tax payable) is always in the lender, and income tax expenses are always in the debit.

Tax payable method:

Tax payable (income tax payable) = income tax expense, and no deferred tax will be generated.

Accounting method of tax impact: tax payable (income tax payable)+or-deferred tax = income tax expense.