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Miller & Company LLP, Whitestone, NY

Deferred tax asset

posted November 2, 2026
Deferred tax asset

Sorting out your finances sometimes can seem like learning a new language. Everything accountants do have a valid, logical and legal reason — as well as a direct connection to real-world issues. A deferred tax asset is no different. A deferred tax asset is a line item on your balance sheet that you can use to reduce your taxable income for a given year. It’s the opposite of a deferred tax liability.

Deferred tax assets and deferred tax liabilities not only play a role in your taxes; they also impact your cash flow, now and in the future. Miller & Company LLP, NY Certified Public Accountants, a best rated CPA firm in NYC.

 

 

Miller & Company LLP
Queens, NYC
141-07 20th Ave, Suite 101,
Whitestone, NY 11357
718-767-0737



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