Tax information and implications

$1500 in meal and entertainment expenses show as a permanent difference for tax prepare the necessary adjusting entry.

The company is the straight-line depreciation for book and macrs depreciation for the tax return.

MACRS depreciation was $209,301 higher than book prepare the adjusting entry for the deferred tax. There have been recent tax structure changes that could impact the company pay an approved has been a C Corp. since the beginning of these changes peyton provides for taxes at 25% of pretax income 20% federal and 5% stat MACRS depreciation was $209,301 higher than book prepare the adjusting entry for the deferred tax. There have been recent tax structure changes that could impact the company Peyton approved has been a C Corp. since the beginning of these changes he and provides for taxes at 25% of pretax income 20% federal and 5% state.