Meaning of the word "tax accounting" in English

What does "tax accounting" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

tax accounting

US /tæks əˈkaʊntɪŋ/
UK /tæks əˈkaʊntɪŋ/
"tax accounting" picture

Noun

1.

a branch of accounting that focuses on the preparation, analysis, and presentation of tax payments and tax returns for individuals and businesses

Example:
She specializes in tax accounting for small businesses.
Understanding tax accounting is crucial for financial compliance.
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