By RC Financial Group
CRA Toronto specializing in Small Business Owners at https://rcfinancialgroup.com/getting-audited-by-the-cra/ Find Us : https://goo.gl/maps/c9QKHkuHE3nB8mBa7 Tax accounting allows that transaction to be accounted for in the year in which debts were settled, which may be in a year before or after the actual transaction took place. This creates a situation in which the transaction appears on the tax accounting statement and affects taxes in a different year than it appears on the financial statement. But, since both GAAP and tax accounting recognize the transaction as having taken place, the difference it causes between the statements is only temporary. Address : 1290 Eglinton Ave E, Mississauga, ON L4W 1K8 Canada Phone Number : (855) 910-7234 Email : info@rcfinancialgroup.com Our Profile : https://slides.com/rcfinancialgroup More Links : https://slides.com/rcfinancialgroup/taxspecialistintoronto https://slides.com/rcfinancialgroup/toronto-best-accounting-firm
