Working out a company's taxable profit and tax due from its accounts, applying the tax rules correctly.
Good work shows: Adjusts accounting profit for tax rules; applies correct rates and reliefs; shows workings that link to the accounts.
Preparing a tax computation is one of the finance and accounting skills on FinderK.
The job simulations and Skill Paths below include work that is checked for this skill. You do the work in an original fictional company and get feedback on it.
A photographer has sent a year of spending with her own notes on what counts as business. Sort each item under the firm's expenses guide, ask her the right questions, and hold the rules kindly when she pushes for a holiday and cash wages to count.
Skills: Classify expenses as allowable, mixed use, capital or not allowable; Apply the mileage rule without double counting; Ask a client clear questions for missing evidence; Explain a rule to a client who disagrees