Deferred tax of SMEs

This is a learning session that especially tax professionals should enjoy! When looking at taxation from an accounting point of view, called “deferred tax”, a solid knowledge of taxation principles can only be very beneficial! Deferred tax, in financial reporting, relates to the future tax consequences of realising assets and settling liabilities, and effectively presents the statement of financial position (or balance sheet) on a net basis after these future tax consequences have been reflected. In this learning session, we show you how your knowledge of actual taxation legislation also assists in estimating future tax consequences of assets and liabilities of an entity from a financial reporting point of view. Deferred tax – like you have never looked at it before!