Accounting Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial transactions and information. The objective of account is to provide information about the financial performance and position of an individual or organization, which helps in making informed decisions about their financial activities. In accounting, financial transactions are recorded in various books of… Read More »
Taxation Compliance Taxation compliance is for several reasons: Legal Obligation: Paying taxes and complying with tax laws is a legal requirement in most jurisdictions. Failure to meet tax obligations can result in penalties, fines, or even legal consequences. Complying with tax laws ensures individuals and businesses remain in good standing with tax authorities and… Read More »
Importance of tax compliance Importance of tax compliance, Tax compliance is important for several reasons: Legal Requirement: Tax compliance is a legal obligation. Individuals and businesses are required by law to accurately report their income, calculate their tax liabilities correctly, and submit tax returns within specified deadlines. Non-compliance with tax laws can result in… Read More »
