Tax accounting
Organising corporate, income, and value-added tax
Separate each tax by taxpayer, tax base, and calculation sequence.
Keep each tax flow separate
Corporate, income, and value-added tax use different taxpayers, bases, and filing structures. Draw each sequence independently.
Tax reconciliation explains the gap
Start with why accounting profit and taxable income differ, then connect inclusion, exclusion, and disposition treatment.
Apply the exam's reference year
Rates and deductions change. Confirm the official amendments that apply to your examination rather than repeating an old number.