Tax and commercial balance sheets – Significant differences

The most significant differences between the commercial and the tax balance sheets are in the following items:

  • Depreciation’s
  • Goodwill or company value
  • Simplified methods of stock evaluation
  • Future increases in prices and costs for calculation of provisions
  • Accruals for pensions
  • Contingent loss provision
  • Intangible assets in fixed assets.

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