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Good Morning,
I would very much appreciate if someone could guide me in the calculation to determine the Tax Provision on compilation engagement?
I have the following rough idea:
1. Look on the Corporation Notice of Assessment: Determine the Current Balance Owing from 2018 (I’m in Canada, but in sure in the USA they have similar documents).
2. Look at the ‘Statement of Interim Payments’ ➡️ determine the amoutn of payments made (deduct from balance owing )
3. Add the interest Charges
4. Deduct Installments paid
And then what do I do ?????
Thanks and stay healthy,
Ftc
Havent decided when I will be writing BEC, FAR, REG, AUD
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