Current and deferred tax
Michael Raine and Oliver Holt take a look at "Tax accounting: Current and deferred tax".
Who is responsible for tax accounting? If you ask an accountant about “tax accounting”, they will see the word “tax” and likely refer you to the tax department. Ask a tax professional about tax accounting, and they will see the word “accounting” and probably refer you to the accounting/finance department. As a result, tax accounting often ends up falling between the gaps.
The article is copyright of the Irish Tax Institute and first appeared in the Irish Tax Review, 2014, Vol. 27, No. 2