My Finance Blog
Reading Time: 6 minutesTax accounting and Financial Accounting are two similar terms as mentioned below: Accounting plays a crucial role as it works as support structure for the financial processes…
Reading Time: 6 minutesFair market price is the price that the given property will fetch when sold in the market with both the buyer and seller willing to get the…
Reading Time: 6 minutesWhat is INCOME TAX? Income tax is one of the natural constituents of the financial systems in any country because it is a main source of government…
Reading Time: 3 minutesTax accounting is that area of accounting that specializes in tax-related activities of all kinds of entities. It deals with tax compliance and reporting rather than traditional…
Reading Time: 3 minutes Introduction It is very crucial for any business to understand the difference between tax accounting and managerial accounting. The two areas, though different in terms of…
Reading Time: 3 minutes Introduction Accounting is divided into several branches that have evolved to meet specific needs. For instance, there is Tax Accounting , which deals specifically with tax…