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What is a provision for income tax and how do you calculate it?

ThomsonReuters

Estimating each year’s tax provision is not a menial task and can require a great deal of time and effort for corporate tax departments. How provision for tax is calculated. A company’s tax provision has two parts: current income tax expense and deferred income tax expense. Current income tax expense.

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Top 10 Common Accounting Interview Questions with Answers

Simple Accounts

It is an updated digital version of bookkeeping and it aids accountants to work smarter than harder. . Generally Accepted Accounting Principles . Explain the latest changes introduced in Tax. You must be aware of new changes in tax, accounts, etc. Are accounting and auditing the same?

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