TAX MATTERS: The income tax position of prepaid expenses

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-278065.mp3?cb=1732288000.mp3COMPANIES tend to make prepayments because suppliers may insist on receiving payments before they make a supply. This is often a custom in the insurance industry, where they request for premiums before the insurer covers the insured against a risk. Also, licences are often paid for in advance before granting right of use to the…