Have your Cake and Eat it too? Why Tax Accounting and Financial Accounting are Different.

Tax Chats

English - March 16, 2022 20:00 - 35 minutes - 24.5 MB - ★★★★★ - 37 ratings
Business tax politics biden tax reform bernie elizabeth warren economics business accounting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

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In this episode, Scott and Jeff discuss why financial accounting rules and tax accounting rules are different. They give some examples. They talk about some firms that have reported very high income while also paying very low taxes. They also talk about how the opposite happens, but doesn't get much media attention.