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Discover LudwigThe phrase "accrued tax" is correct and usable in written English.
It can be used in financial or accounting contexts to refer to taxes that have been accumulated but not yet paid.
Example: "At the end of the fiscal year, we need to account for any accrued tax liabilities in our financial statements."
Alternatives: "taxes payable" or "tax liabilities incurred".
Exact(6)
The accrued tax revenue would also be funneled into drug and alcohol education and treatment programs, public safety investments and supporting women-owned businesses.
But those results were lifted $600 million, or 17 cents a share, by a one-time reduction in taxes because an examination by the Internal Revenue Service reversed previously accrued tax liabilities.
The ONS said last month's fall in tax revenues was also exaggerated by Labour's one-off bank payroll tax, which boosted accrued tax receipts by £3.5bn last April, but was not repeated by the Tory-led administration.
Investors will not be able to recognize an accrued tax loss if they donate an asset to charity.
Accrued tax benefits, the value of professional practices, business goodwill, life insurance, unused reward benefits, club memberships, intellectual property and items in storage are just a few of many items to consider.
But it would also benefit from accrued tax breaks, it said.
Similar(54)
Accrued taxes.
There is only one final payment, but they accrue taxes as their value rises, said Don Cassidy, a senior analyst at Lipper.
Coopers & Lybrand has an ES called ExperTAX that helps accountants in reviewing the way their clients accrue taxes and in offering tax planning advice.
Save for retirement, accrue tax-deferred growth, and gain tax deductions -- it's a win-win-win situation.
Regular readers will recall that while some €10.5bn of the savings have been earmarked through spending cuts, the outstanding €3bn will be accrued through tax increases not least a 35percentt flat tax rate to be imposed on the self-employed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com