difference of accounting and tax expenses

difference of accounting and tax expenses

Entrepreneurs should understand Accurate accounting and tax expenses for paying taxes that are worthwhile for the company and beneficial to entrepreneurs as well

get to know the cost

Business expenses are money that everyone uses to pay for goods or services to bring that product or service used in business or own business The cost management is very important in business circles. because it is related to the net profit of the company

Accounting expenses are expenses that companies pay for goods or services. with accurate financial evidence, such as purchasing goods to be sold which assumes that this expense becomes cost of sales or payment for accounting services This expense will be considered operating expenses, etc.

Tax expenses are expenses paid by the company. with accurate financial evidence and according to the law to be able to bring this expense to be deducted from income to calculate net profit for tax purposes

which tax expenses also has a relationship with prohibited expenses Because there are expenses that are not eligible for tax deduction. This forbidden cost Arising from the payment of goods or services for the company, such as customer entertainment fees, fines, etc.

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