>> if accruals are allowed, you can basically shape your tax result to never pay any tax? Make bigger accruals every year.
That's not really how they work. You don't get to just make up a number (at least we dont). You can only defer income that's for work not yet done. For work you did do you get taxed.
But I appreciate all the replies, and it goes to show how tax policies change from place to place. Which is why you don't get advice from the Internet- you get it from local accountants and lawyers.
That's not really how they work. You don't get to just make up a number (at least we dont). You can only defer income that's for work not yet done. For work you did do you get taxed.
But I appreciate all the replies, and it goes to show how tax policies change from place to place. Which is why you don't get advice from the Internet- you get it from local accountants and lawyers.