Accounting and Audit of Settlements with the Budget on Income Tax

Corporate income tax is one of the most important taxes for companies. Accounting for income tax calculations is one of the most difficult aspects in the work of an accountant due to the wide normative regulation. Therefore, understanding the process of forming the tax base, calculating income tax and their reflection in tax and accounting is important for the effective functioning of the company. The aim of the present research is to study accounting of income tax calculations in LLC «KapitalSnab-NN», identify weaknesses in the accounting area and develop on their basis proposals for improving the accounting of this category. Methods such as content analysis, economic analysis, and modeling will be used to achieve the goal. It is supposed to offer the company a method of accounting for income tax calculations that will eliminate the shortcomings and improve the procedure for accounting for income tax calculations. The second part is devoted to the audit of corporate income tax calculations, the development of an overall audit strategy and plan, and their testing on the example of the analyzed company.