Tax vs accounting: Is the gap growing smaller
Published on 12 Nov 2008
| Took place at RACV Club, Melbourne, VIC
This event was part of the 2008 Corporate Tax Club series.
Historically, while ordinary accounting principles and practice have been considered relevant and influential in determining the tax treatment of many items, they have not been considered determinative. However, recently, we have seen a growing trend relating to the use of accounting concepts for tax purposes by both the ATO and Treasury, such that it is becoming imperative for tax practitioners to understand the link between accounting and tax.
This event explored the links between tax and accounting.