tax accounting
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tax accounting — ➔ accounting * * * tax accounting UK US noun [U] ACCOUNTING, TAX ► accounting methods to prepare information on a person s income or a company s earnings for the tax authority, rather than, in the case of companies, for its executives,… … Financial and business terms
Tax Accounting — Accounting methods that focus on taxes rather than the appearance of public financial statements. Tax accounting is governed by the Internal Revenue Code which dictates the specific rules that companies and individuals must follow when preparing… … Investment dictionary
Tax accounting in the United States — U.S. tax accounting refers to accounting for tax purposes in the United States. Unlike most countries, the United States has a comprehensive set of accounting principles for tax purposes, prescribed by tax law, which are separate and distinct… … Wikipedia
tax accounting — The accounting (timing) rules and methods used in determining a taxpayer s tax liability … Black's law dictionary
accounting — ac‧coun‧ting [əˈkaʊntɪŋ] noun [uncountable] 1. ACCOUNTING JOBS the usual word for the profession of accountancy in the US 2. ACCOUNTING the work of keeping a company s financial records, recording its income and expenses, and its business deals:… … Financial and business terms
tax-sheltered — tax shelter ˈtax ˌshelter noun [countable] TAX ACCOUNTING a plan or arrangement that allows you to legally avoid paying tax: • Many investors used annuities as a tax shelter rather than as a retirement savings program. tax sheltered adjective … Financial and business terms
tax return — ˈtax reˌturn noun [countable] TAX the form on which you have to give information so that your tax can be calculated: • There are step by step instructions on how to fill out a tax return. * * * tax return UK US noun [C] (also income tax return,… … Financial and business terms
tax obligation — UK US noun [C] TAX, ACCOUNTING ► an amount of tax that you have to pay in a particular period: »By the following year his tax obligation was back up to $15,000. »The company was presented with massive tax obligations, and to pay them it had to… … Financial and business terms
tax depreciation — UK US noun [U] TAX, ACCOUNTING ► an amount relating to the reduced value of a company s assets that is subtracted from its profits in order to reduce the amount of tax that it pays: »Current tax depreciation results in companies writing off… … Financial and business terms
tax schedule — UK US noun [C] TAX, ACCOUNTING ► one of the sets of rules that relate to different types of income, used to calculate the tax on it: »We need to know under which tax schedule we will be taxed … Financial and business terms
