carry forward

British  

verb

1. accounting to transfer (a balance) to the next page, column, etc

2. Also called (in Britain and certain other countries): carry over.  tax accounting to apply (a legally permitted credit, esp an operating loss) to the taxable income of following years to ease the overall tax burden

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noun

1. Also called: carry-over.  tax accounting an amount carried forward

carry forward Idioms  

1. Also, carry over . Transfer a bookkeeping entry to the next column, page, another account, or the next accounting period, as in Let's carry forward this loss to the next quarter for a saving in taxes , or She made an error in carrying over this column . The first term dates from the first half of the 1800s; the variant dates from the mid-1700s.

2. Make progress in, advance, as in His successor hoped to carry forward his work . Also see carry on .

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Example Sentences

Much of the remaining work was carried forward by his wife, Margaret, who was more than capable of bringing the entries to completion.

From The Wall Street Journal

Another multiyear situation to manage is any losses that can carry forward, like rental losses or capital losses.

From MarketWatch

"We want to carry forward a process of normalisation with Azerbaijan," the source said, adding: "Among the disagreements between our two countries is the fate of Martin Ryan."

From Barron's

A business must have taxable income to use either credit, but unused credits can be carried forward for 20 years.

From Barron's

“We don’t believe CEO transition will necessarily be disruptive if the successor is familiar with Adobe’s business and carries forward its strategy,” Moerdler wrote.

From MarketWatch

Related Words

• carry over