Invoices and Taxation

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Oct 4, 2024
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Hi Group,

I am helping an American company with their bookkeeping. Invoices aren't being issued. I assume this will be a problem when calculating corporation tax. As a UK accountant I am unsure though. For there once the invoice is raised corporation taxation would be attracted unless the debt was written off. Is this the case with U.S. tax legislation as well?
 

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