Taxes
A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses.
Financial statements
Are the balance sheet, the income statement, and the cash flow statement.
Interest rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Assurance services
A common validation service offered by accounting and finance professionals, which ensure the calculations behind a review are valid.
IRS - Internal Revenue Service
Is the U.S. federal agency that oversees the collection of taxes—primarily income taxes—and the enforcement of tax laws.
Finances
The management of large amounts of money, especially by governments or large companies.
Audit
An official inspection of an individual's or organization's accounts, typically by an independent body.
Tax accounting
A structure of accounting methods focused on taxes rather than the appearance of public financial statements.
Accounting Firm
A group of accounting professionals that provides clients with financial management services.