Tax-Loss

spurschic1@yahoo.com[email protected] Feels At HomePosts: 94Registered
Hi all

Hoping you can help me with a Tax query. I have a client that has made a loss in the last 2 years and his company is to be dissolved.

How should the tax loss be shown on the accounts, should it be nil on the P&L?

In the notes to accounts do I include it as negative on the 'analysis of change for the period/factors affecting tax changed for the period'?

Would I put a note on the 'factors that may affect furture tax changes' to say the company is to be liquidated?

Sorry for all the questions, thought I'd get them all out in one hit!

Vicky

Comments

  • spurschic1@yahoo.com[email protected] Feels At Home Posts: 94Registered
    Just bumping this back up in the hope someone can help

    Thanks
  • burgburg Experienced Mentor GloucesterPosts: 1,440Moderator, FMAAT, AAT Licensed Accountant
    Are you meaning a tax refund due?

    Or are you simply meaning that after adjusting the profit for tax purposes there is a loss?

    This is a limited company?
    Regards,

    Burg
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