What Should I Consider When Choosing an Accountant?

The Tax Accountant (CTAC) is a key national training project for senior fiscal and taxation management personnel certified by the China Institute of General Accountants. It is a professional qualification certificate for tax accountants based on current national tax laws and regulations, using monetary measurement as the basic form, and applying basic accounting Theories and accounting methods continuously, systematically and comprehensively form, calculate and pay taxpayers' tax payables; that is, accounting and supervision of the movement of funds caused by tax activities. And a series of tax-related tax work related to taxation management, tax inspection, tax planning, etc., to protect the national interest and the legal rights and interests of taxpayers, a full-time corporate tax accounting position and professional accounting personnel.

Basic Information

Chinese name

Tax accountant

Foreign name

CTAC

Responsible department

China Association of Chief Accountants

Legal basis

Tax law

Class schedule

180 lessons

Awarding body

China Association of Chief Accountants

background

Businesses have the autonomy to choose accounting policies and estimates, and tax laws often have clear regulations. In the end, accounting is still led by the tax.

If the choice of accounting policies and estimates is also applicable to taxation, what kind of choices can minimize the tax burden of the enterprise?

How to confirm the sales revenue, whether it is based on the delivery of goods in accounting or invoicing in tax law?

Sales revenue is not recognized in accounting. Why is there a tax treaty? Are VAT and income tax treated the same as sales?

Permanent differences, temporary differences, deferred income tax assets, and deferred income tax liabilities are very complicated. How to calculate them?

In 2006, the Ministry of Finance issued a new "Accounting Standards for Business Enterprises", which was first implemented in listed companies and has been used by more and more enterprises. Since January 1, 2008, all enterprises have applied the Corporate Income Tax Law, and differences and coordination between accounting and tax laws have been plagued by enterprises.

The purpose of accounting standards is to let investors, creditors, government departments, etc. understand the financial status, operating results and cash flow of an enterprise. The purpose of tax law is mainly to guarantee the country's fiscal revenue and regulate economic and social wealth. Corporate finance personnel are often troubled by the differences between the two, not only to ensure the objective and fair accounting information, but also to pay taxes to the state in full. Is it possible to choose an accounting treatment with a lower tax burden as permitted by the policy? This places higher demands on finance staff.

Advantage

A detailed comparison and analysis of the differences between accounting standards and relevant corporate income tax regulations, combined with difficult problems often encountered in practice by enterprises, and in-depth analysis of tax-related accounting issues

Analyze which accounting policies and estimates can be used to reduce the tax cost of an enterprise when companies are allowed to choose their own accounting policies and estimates

Explain the basic concepts of income tax accounting, and introduce the relevant knowledge of deferred income tax, so that participants can accurately understand and grasp the recognition of income tax expenses and deferred income tax under the balance sheet debt method

income

Fully understand the differences between accounting standards and corporate income tax for revenue recognition

Proficiency in the differences between accounting standards and corporate income tax on costs and expenses

Fully understand the impact of accounting policies and estimates on corporate tax burdens permitted by tax laws

Be proficient in filling in the adjustment items in the annual corporate income tax return

Understand the recognition and measurement of income tax accounting under the balance sheet method

Highlights

Analysis of differences in revenue recognition based on basic accounting and tax laws of corporate accounting standards and corporate income tax law Differences in accounting and tax laws on costs and expenses Differences in accounting and tax laws on differences in asset treatment Impact of project accounting policies and estimation choices on tax burden

1. The implementation of tax accountant certification is an inevitable requirement for the development of corporate tax management

Taxation is an important issue to be considered in corporate accounting and tax treatment. Corporate tax management in

Professional knowledge exam:

CTAC training schedule for tax accountants: 8 days in person; 180 hours of self-study.

examination time

The tax accountants are developed by the Tax Accountant Expert Committee of the China General Accountants Association, and the China Tax Accountant Project Management Office arranges a unified examination across the country. As determined by the meeting of the China Tax Accountant Project Management Office, the 2012 National Unified Examination of Chinese Tax Accountants was divided into 3 times.

detailed arrangement:

April 21 (Saturday);

July 21 (Saturday);

November 17 (Saturday);

Each student in the tax accountant professional qualification examination attaches a thesis review (ie each student submits a thesis).

What is the difference between tax accounting and financial accounting

(1) Different goals

The purpose of financial accounting is to provide information to decision makers. The purpose of tax accounting is to provide information users with income tax information to facilitate tax collection by tax authorities. The financial accounting goal is achieved by providing statements. The way to achieve tax accounting goals is tax declaration.

(2) Different basis to follow

The basis of financial accounting is accounting standards and accounting systems. Tax accounting is based on tax regulations.

(3) Different accounting basis

Financial accounting is based on accrual basis. Tax accounting is mainly based on the realization of payment system.

(4) Different accounting objects

Financial accounting is the movement of all funds of an enterprise. The object of tax accounting is the narrow movement of tax funds.

(5) Different attitudes towards accounting soundness principles

Financial accounting adopts the principle of soundness. Tax accounting generally does not predict future losses and expenses.

(6) Different accounting elements

There are six major elements of financial accounting, namely assets, liabilities, owner's equity, income, expenses and profits. There are four elements of tax accounting: taxable income, deducted expenses, taxable income (taxable income) and taxable amount.

(7) Different procedures

The procedure of financial accounting standardization is the sequence of "accounting voucher-account book-account statement". There are no standardized requirements for tax accounting.

What is the relationship between tax accounting and financial accounting

Tax accounting information is based on financial accounting information. The company's financial accounting system has established a complete "database" of corporate financial activities. This "database" is the basic "material" for companies to prepare financial accounting reports. It is also this "database" that has the basic "materials" for tax accounting treatment of enterprises. Judging from the practice of tax accounting in various countries, most of them are based on the accounting profits of enterprises and then adjusted according to the requirements of tax laws.

The coordination of tax accounting and financial accounting will eventually be reflected in the financial report prepared by the enterprise. As mentioned earlier, any tax accounting treatment of an enterprise will have an impact on the financial position, and this effect will necessarily be reflected in the financial report. For example, in corporate income tax accounting, in order to deal with time differences, an enterprise must set up a "deferred tax" account, which is listed either as a "liability" or as an "asset" of the enterprise. In addition, the company's "income tax" items and the above-mentioned deferred taxes have an impact on the preparation of the income statement and cash flow statement.

What are the models of international tax accounting

Anglo-American tax accounting model. As a shareholder-oriented investor, the tax law has a direct impact on the determination of income, costs, expenses, and income reflected in the taxpayer's financial accounting. The confirmation, measurement, and recording of each accounting element follows financial accounting standards. (Loss) is adjusted to tax profit (loss) in accordance with the provisions of the tax law.

French-German tax accounting model. Tax-oriented, tax law has a direct impact on the determination of income, costs, expenses and income reflected in taxpayers' financial accounting. Accounting standards are consistent with tax law (also commercial law, company law, etc.), and financial accounting for accounting matters Processing is strictly in accordance with the provisions of the tax law. As the calculated accounting income is consistent with taxable income, no tax accounting adjustment is required. This model emphasizes that financial accounting reports must meet the requirements of tax law, and of course tax accounting need not be separated from financial accounting.

Japan-Dutch tax accounting model. Enterprise-oriented, but each has its own characteristics. Japanese accounting is heavily influenced by the Commercial Law, the Securities Exchange Law, and the Corporate Income Tax Law. For example, the Japanese Corporate Income Tax Law requires that the income statement for tax returns must be subject to Approved by the shareholders' meeting and approved by relevant parties, the income statement prepared in accordance with the "Securities Exchange Law" and the income statement prepared in accordance with the "Commercial Law" should be consistent. Based on this, it is close to the French-German model; however, Japanese tax law provides that When calculating taxes, the benefits of financial accounting can be adjusted, but which items can be adjusted, which items can be handled flexibly, and which items cannot be adjusted. According to tax laws, from this perspective, it has the characteristics of the British and American model. Therefore, the Japanese model has stronger practicality, also known as the hybrid mode. In the Netherlands, tax laws have no effect on financial accounting. As a result, Dutch tax accounting is completely separate from financial accounting.

It can be seen that due to the different socio-economic environments of different countries, tax accounting has long been independent of financial accounting in Britain, the United States, and the Netherlands. In France, Germany, and Japan, tax accounting is integrated with financial accounting. In fact, Finance succumbs to tax law. In China, since the framework of the modern tax system has not yet been formed in the 1970s and 1980s, there is no fertile ground for tax accounting growth. However, with the gradual establishment of China's socialist market economy, and with the continuous deepening of accounting reform and tax system reform, objective conditions have been created for tax accounting independence, and internal requirements have been raised.