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Deferred revenue (or deferred income) is a liability representing cash received for goods or services that will be delivered in a future accounting period. Once the income is earned, the corresponding revenue is recognized, and the deferred revenue liability is reduced. [ 3 ]
Deferred compensation is an arrangement in which a portion of an employee's wage is paid out at a later date after which it was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options.
Tax deferral refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be the same. Taxes can sometimes be deferred indefinitely, or may be taxed at a lower rate in the future, particularly for deferral of income taxes.
At that point, the government taxes your earnings as ordinary income. Tax-deferred accounts have two main advantages over typical taxable accounts: First, they lower your annual taxable income ...
Deferred compensation is a way for employees to reduce their tax burden while ensuring their economic security in their golden years. Deferred compensation plans with a long vesting period are ...
A deferred tax asset can be created in a variety of ways. Here are some of the major avenues that can lead to a deferred tax asset: Losses: Businesses can record capital losses as tax write-offs ...
Deferred tax is a notional asset or liability to reflect corporate income taxation on a basis that is the same or more similar to recognition of profits than the taxation treatment. Deferred tax liabilities can arise as a result of corporate taxation treatment of capital expenditure being more rapid than the accounting depreciation treatment.
Deferred annuity: Deferred income annuities don’t begin payment after the initial investment. You’ll specify the date when you’d like to start receiving payments.