Income tax expense is not accrued after the profit or loss is carried forward

1, no. Income tax expense should be accrued before the profit or loss is carried forward. You need to make your own entries to carry forward the profit and loss.

Specific accounting entries:

Accrual: Debit: Income Tax.

Credit: Tax Payable - Income Tax.

Settlement ** borrowing: the profit of the current year.

Credit: Income tax 2, the income tax expense accrued in this month cannot be used to offset the profit of the next month. Some accounts should be accrued in order to comply with the accrual basis, that is, as long as it belongs to the expenses of this month, even if it is not actually paid, it must be included in the expenses of this month and offset the profit of this month.

1 Yes, look at the income statement to know all the sequence, first operating income (main business income + other business income) minus operating costs (main business costs + other business costs) to calculate gross profit, and then subtract period expenses, business taxes, etc. (carry-forward profit and loss) to calculate operating profit ......Finally, the income tax is reduced to calculate the net profit2No.

Profit is accrued before the month-end carry-over is made, and the income tax is borrowed.

Credit: Tax Payable - Income Tax Payable.

Then carry forward the profit of the current year, borrow: the profit of the current year.

Credit: Income Tax.

After the income tax is paid at the beginning of the next month.

Borrow: Tax Payable - Income Tax Payable.

Credit: Bank deposits.

In this way, the income tax expense incurred in this month will be offset by the profit in this month, and will not affect the next month.

It's to be done before the carryover! Carry-over fee is too Reduced profits! These are not deductible before tax! When you check the accounts at the end of the year, you have to make up and return the part! That's what most companies do!

1.Income tax is the total profit plus or minus tax adjustment multiplied by the tax rate. 2.Income tax accrued in the current month cannot be used to offset the profit of the next month.

The profit and loss of the Hail Bridge Bureau will be settled first, and then the income tax will be accrued, and then the profit and loss will be carried forward.

According to the regulations for the implementation of the tax law, the enterprise income tax is calculated on an annual basis and paid in advance on a monthly or quarterly basis. The accounting treatment of monthly (quarterly) prepayment (generally quarterly prepayment) and year-end final settlement and income tax is as follows.

1. Calculate the amount of income tax payable on a monthly or quarterly basis

Borrow: Income tax.

Credit: Tax Payable - Corporate Income Tax Payable.

2. When paying quarterly income tax:

Borrow: Tax Payable - Corporate Income Tax Payable.

Credit: Bank deposits.

Before April 30 of the new year, the annual income tax payable is minus the prepaid tax, and the positive number is the tax payable

Debit: Profit and loss adjustments for prior years.

Credit: Tax Payable - Corporate Income Tax Payable.

Income tax considerations.

The reasonable wages and salaries of enterprises will be deducted according to the facts, which means that the taxable wage system for domestic enterprises that has been in place for many years will be abolished, and the burden on domestic enterprises will be effectively reduced. However, the wages and salaries that are allowed to be deducted according to the facts must be "reasonable", and the wages and salaries that are obviously unreasonable will not be deducted.

The proportion of employee welfare expenses, trade union funds and employee education expenses is % respectively, but the "total taxable salary" is adjusted to "total wages and salaries", and the deduction amount is increased accordingly. In terms of employee education expenses, in order to encourage enterprises to strengthen employee education investment to eliminate suspicion, the implementation regulations stipulate that, unless otherwise stipulated by the competent financial and taxation authorities, the part of employee education expenses incurred by enterprises that does not exceed 8% of the total wages and salaries is allowed to be deducted; The excess amount is allowed to be carried forward and deducted in subsequent tax years.

Accrual first and then carry-overEntries at the time of accrual.

Borrow: Income Tax Expense - Current Income Tax Expense Credit: Tax Payable - Entry when Enterprise Income Tax Payable is carried forward.

Borrowing Virtual: Profit for the year.

Credit: Income Tax Expense – Current Income Tax Expense and Random Burning.

It is accrued before the carry-over profit and loss, in fact, after the income tax is accrued, it must also be carried forward, which also belongs to the carry-forward profit and loss.

Income tax accrual is before profit or loss carried forward.

The order of carry-forward is that income tax expense is accrued first, and then profit for the current year is carried forward.

First, the income front, expenses, costs, etc. are carried forward to the current year's profit, and the difference between the current year's profit and loan is calculated, and then the income tax is calculated (total profit * 25%). The net profit after income tax will be distributed, and the losses in the previous period will be made up first, and then the provident fund, community chest, dividends and so on will be accrued.

First, the front. Income tax expense needs to be carried forward to the profit account of the current year, and the income tax expense account of most enterprises is carried forward to the profit account of the current year at the end of the month, and the income tax expense account generally has no balance at the end of the month. It will be withdrawn in the current month, carried forward at the end of the month, and paid in the next month.

Income tax expense is generally not equal to the income tax payable in the current period, but the sum of the current income tax and deferred income tax, that is, the income tax expense deducted from the total profit of the current period.

2. Detailed analysis.

Income tax expense refers to the income tax payable on the operating profit of the enterprise, and the income tax expense accounts for the income tax borne by the enterprise, which is a profit and loss account. Generally, it is not equal to the income tax payable in the current period, as there may be temporary differences. If there is only a permanent difference, it is equal to the income tax payable for the current period.

Income tax expense account accounts for the income tax expense that can be deducted from the total profit of the enterprise, which belongs to the expense account, income tax is an expense of the enterprise, the debit side represents the income tax expense incurred, and the credit side represents the income tax expense carried forward to the profit of the current year, and there is no balance at the end of the period. Income tax expense consists of income tax payable, deferred tax assets and deferred tax liabilities.

3. Does income tax expense affect the current operating profit?

Income tax expense does not affect operating profit for the period. Operating profit = operating income - operating costs - business taxes and surcharges - selling expenses - administrative expenses - financial expenses - asset impairment loss + fair value change gain (- fair value change loss) + investment income (- investment loss). Operating profit is not subject to income tax, so income tax does not affect current operating profit.

Income tax accrual is usually made before the profit or loss is carried forward.

Specifically, when preparing financial statements, enterprises need to include the income tax expenses of the current period in the current profit and loss statement in accordance with the provisions of the accounting standards for business enterprises to reflect the current tax burden of the enterprise. When calculating income tax expense, it is necessary to multiply the taxable income of the current period by the applicable tax rate to arrive at the income tax payable for the current period. When an enterprise accrues income tax, it is usually done before preparing the profit and loss statement for the current period.

When preparing financial statements, companies also need to record the accrued income tax expense in the liability or withholding expense account so that they can be used in future income tax payments. These withholding expenses will be deducted from the calculation of the deferred income expenses during the period before they are paid to reflect the tax burden of the enterprise in the current and future periods.

If you use financial accounting software to do your accounts, you can't make any more accruals after carrying forward the profits and lossesIncome tax expense, because the income tax accrual is before the profit or loss is carried forward. The cost of the period must be transferred firstProfit for the yearThis step uses the period profit and loss carryover. Then you need to keep an account to get the profit before tax at the end of the year, and then use the custom carryover to carry forward the income tax.

Corporate income tax rate.

It is the quantitative relationship or ratio between the amount of income tax payable by the enterprise and the tax base, and it is also an important indicator to measure the level of a country's enterprise income tax burden, which is the enterprise income tax law.

core. The corporate income tax rate is generally 25%. and eligible small low-profit enterprises.

Income tax is generally levied at a rate of 20%.

For the income tax expense of the balance sheet, the main contents are as follows. Taxable income when calculating income from the balance sheet date to the accounting profit for the current period.

It is equal to the accounting profit plus the increase in tax adjustments minus the decrease in tax adjustments. The adjustment increase in tax payment means that the company's profits are reduced, and the corresponding expenses cannot be deducted before tax according to the requirements of the tax law.

Expenses such as expenses that exceed the wage standard, as well as fines and other expenses, cannot be deducted before tax. However, the reduction of tax adjustment means that the profit of the enterprise has increased, and according to the relevant requirements of the tax law, it cannot be included in the income item. In particular, interest on Treasury bills or long-term equity investments.

If the tax rate of income is the same in the accounting of rights, then investment income cannot be included in the recognition of income tax.

The above content reference: Encyclopedia - Income Tax