In the process of income tax accounting, accounting entries should be made first to record the income tax payment obligations of enterprises. Secondly, in the process of accounting audit, enterprise accounting needs to check the income tax base, income tax preferential policies and other accounting matters to determine the income tax liability. Finally, in the process of tax declaration, enterprises need to declare income tax in accordance with the provisions of the tax authorities.
Income tax accounting is an important part of enterprise financial accounting. Its accounting purpose is to accurately calculate the tax payable of enterprises, which belongs to one of the important taxes. Its accounting object is the income, cost, expenses and other elements of the enterprise, as well as the preferential policies related to taxation, which requires enterprise accounting to carefully calculate in enterprise financial management. Specific accounting points include the confirmation of enterprise income tax base, the calculation of pre-tax profit of enterprise income tax, the determination of income tax rate and the verification of income tax.
Income tax accounting is an important part of enterprise financial management. Enterprises should, as always, strengthen income tax accounting, strengthen internal accounting supervision, standardize accounting procedures, improve various systems, and ensure accurate accounting and payment of income tax. At the same time, enterprises should constantly accumulate experience, pay attention to tax changes, adjust financial management and tax planning in time, improve the level of financial accounting, and ensure the healthy operation of enterprise finance.