Adjustment to past years tax comps
Hi - I have a client who has added back mortgage interest relating to a business only part of his premises. I want to now adjust for this but am unsure of the mechanics?
I can't amend the accounts (well I can but it doesn't seem natural) as the correct figures have been entered here. Do I just show a tax allowable deduction in the tax comp. I guess?
Thanks in advance
Steve
I can't amend the accounts (well I can but it doesn't seem natural) as the correct figures have been entered here. Do I just show a tax allowable deduction in the tax comp. I guess?
Thanks in advance
Steve
0
Categories
- All Categories
- 1.3K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 389 NEW! Qualifications 2022
- 173 General Qualifications 2022 discussion
- 16 AAT Level 2 Certificate in Accounting
- 78 AAT Level 3 Diploma in Accounting
- 114 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 276 VAT
- 96 Software
- 281 Tax
- 148 Bookkeeping
- 7.2K General accounting discussion
- 210 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 589 Job postings
- 16 Who can benefit from AAT?
- 37 Where can AAT take me?
- 43 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 24 Apprenticeships
- 67 AAT membership