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Managing a Business/Deferred Taxes
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Question
Do you know why the net change in deferred tax assets for the current year would be different from the deferred tax provision for the same year for a business?
I am not an expert on deferred taxes, but the deferred tax calculation is based on many assumptions. If those assumptions change and affect deferrals from prior years, the amount of change related to prior years would not affect the current year provision.
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Managing a Business
Answers by Expert:
David E. Coffman CPA/ABV, CVA
Expertise
General questions about small business management, planning, and measuring and improving business performance. Specific questions about what a business is worth.
Experience
Certified Public Accountant, Accredited in Business Valuation (ABV) and Certified Valuation Analyst (CVA). Over 30 years experience advising, owning and operating small businesses. Specializing in business valuation and innovative consulting services for small businesses since 1997.
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