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In accounting, taxes refer to financial obligations imposed by governments on individuals, businesses, or other entities. These obligations are enforced by tax authorities, and the funds collected through taxation are used to support public services and government functions. Taxes can take various forms, and their treatment in accounting involves specific principles and procedures. Here’s an overview of the key aspects of taxes in accounting.
These are our services can be tailored to meet the specific needs of clients, and as a reputable accounting firms, we always often work closely with their clients to provide personalized and strategic financial advice. Our scope of tax activities covers the following below: