The Influence Of Accounting Policy Choice On Tax Planning

1. The choice of accounting measurement methods, such as depreciation of fixed assets.

The tax planning of depreciation of fixed assets can be done from two aspects of depreciation age and depreciation method.

The change of the two factors will affect the cost and profit levels and the amount of tax payable through each period.

For depreciation years: when the income tax rate is stable or downward, shortening the years of depreciation can make the late depreciation cost move forward, and the earlier profits will be shifted later, which will delay the tax time and get the money time value, which is equivalent to enjoying an interest free loan.

For depreciation methods, the straight line method and accelerated depreciation method should be selected according to the economic situation.

If the income tax rate does not change or decline, the accelerated depreciation method can postpone the prophase profit to the later stage and delay the tax payment. If the income tax rate has an upward trend, the straight-line method should be adopted to accelerate the depreciation method, and the profit from the tax payment is proportional to the tax rate. If the tax rate increases in the future, the annual tax burden will increase.

Besides,

It is also allowed to adjust the fixed assets depreciation method when the estimated life expectancy of fixed assets is different from the original estimate, and the depreciation method of fixed assets can be adjusted when there is a significant change in the expected implementation mode of fixed assets, which provides a certain space for enterprises to pay tax planning.

2, the fair value of the use of space.

The definition of fair value standard is not perfect at present, but the change of this measurement mode will affect the recognition and measurement of assets and liabilities of enterprises, especially for investment real estate.

The accounting standards for enterprises third, investment real estate, provides two alternative measurement models for the investment real estate of the enterprise: the cost mode and the fair value mode.

In the cost mode, the investment real estate will be depreciated or amortized according to the criteria of fixed assets and intangible assets, and the impairment test will be carried out at the end of the term, and the corresponding allowance for impairment will be provided. In the case of conclusive evidence that its fair value can be sustained and reliable, the enterprise can adopt the fair value measurement mode.

Depreciation, impairment or the amortization value of the land use right measured by fair value are directly reflected in the change of fair value, instead of separately.

The choice of the two modes will have different effects on the profits of enterprises, thus affecting the tax burden of enterprises.

3, part

The choice space can be more planned.

(1) handling of debt restructuring.

The new guidelines have changed the "one size fits all" rule. Instead, the liability that the debtor has waiver or less repayment originally due to the concession of the creditor has been included in the "capital accumulation". Instead, the fair value is introduced as the measurement attribute of the debt restructuring income person's "extra business income" for the physical debt paying business.

In this way, some companies that are unable to repay debts will receive full or partial exemption of their debts, and the proceeds will be directly reflected in the current profit statement and increase the current income.

Listed companies or non-listed company can make tax planning according to their specific circumstances.

2. The increase of new business.

The new business added in the new accounting standards, such as enterprise annuity, employee remuneration, biological assets, investment real estate and so on, is not clear in the current tax payment.

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For these blank areas, there must be many new spaces for tax planning.

The utilization space of new businesses.

The new accounting standards also add a lot of new contents, such as enterprise annuity, employee remuneration, biological assets and so on. In the current tax payment, the relevant tax treatment is not clear.

In short, the introduction and implementation of the new guidelines put forward higher requirements for the financial personnel of enterprises. In the aspect of enterprises, financial personnel should be familiar with the requirements of the tax law, plan in the scope of the tax law, and on the other hand, continue to study and study new accounting standards, and find the meeting points between the standards and the tax laws, so as to make the best accounting decisions for the enterprises.