ACCOUNTING PROFIT AND TAXABLE PROFIT- ALL YOU NEED TO KNOW
Public or Private Corporates or organizations are running businesses to earn or maximize profits. Higher profitability show business success, positive sustainability, and better market share. Business enterprises always try to find opportunities that offer more revenues or profits by implementing effective strategies. But high profit also means they need to pay higher taxes that will eventually decrease the profit shares. The Revenue Boards of almost all countries understand this fact and built in the reporting system that allows the organizations to report their earnings in two comprehensive ways i.e. Accounting Profit and Taxable Profit……………..READ MORE
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