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What is tax accounting?

Tax accounting is the accounting method for recording, accounting and reporting taxes.

Tax accounting refers to an accounting method for enterprises or individuals to record, calculate and report various taxes involved in the tax payment process in accordance with relevant laws, regulations and accounting standards. It includes the accounting treatment of taxes payable, tax payable, taxes paid, etc. Through tax accounting, you can ensure that companies or individuals fulfill their tax obligations in accordance with legal regulations and provide accurate tax information to the tax authorities. The purpose of tax accounting is to ensure tax compliance and transparency, while also providing a reasonable basis for tax management and decision-making for businesses or individuals.