A deferred tax asset is an item on the company’s balance sheet that reduces the tax liability in the future. Such an item can be found when a business overpays its tax. The overpayment becomes an asset. Eventually, the money will be returned to th...

Income tax might sound complicated due to the various sections included in it. Also, there can be confusion about taxable and non-taxable incomes. But, here we are to ease the process of understanding.

Tax accounting plays an important role ...

Accounting acts as the key to the core of the business. Rather if a business is considered,  accounting can be said as the heart of it. The heart pumps and the body works! Accounting must be taken seriously not only by entrepreneurs and busin...