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re: Increasing corporate tax minimum for EARNED income
Posted on 8/7/22 at 4:52 pm to Trevaylin
Posted on 8/7/22 at 4:52 pm to Trevaylin
You’ve got a lot of experience with calculating book income? You aware of the differences in depreciation tables for taxable income vs amt calculations? You aware of any of the hundreds of other factors that go into financial reporting? Yeah, a firm that does 200k will be able to play with their numbers. Anyone bigger won’t.
This post was edited on 8/7/22 at 4:55 pm
Posted on 8/7/22 at 5:24 pm to BBONDS25
Actually I have a lot of respect for the accountants that keep the numbers in the right columns. As an engineer by training, I considered 2 decimal point accuracy was close and accountants do a much better job of square balancing the numbers.
But management does look at the overall and moves the objectives of
capital exp booking slow down or speed up at end of year
booking raw material/product dispatch receipts forward/backward at end of year
Good will valuation
Subsiderary profit spreads to advantaged groups
My experience is with corporations with a market valuation of 30 billion and there is playing.
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