An accountant plays a vital role in making a business successful or fall of a business. Historically we have read upon lot of articles supporting the actions of the accountants. In our earlier classrooms we have discussed the ethical standards or issues by accountant. They add value to the business by implementing accounting systems and rules required by the land. They help the business in providing cost effective measures and advanced operating techniques to enhance the profit Also accountants are involved in multiple capacities in an organization. They are involved in.
A career in tax | Why a career in accountancy | ICAEW Careers
This paper will discuss the objectives of modern. The primary source of US tax law is Congress. Power to initiate tax legislation is vested in the House of Representatives but all tax bills must pass both houses and be signed into law by the President. Many times the details of the legislation are not dictated by Congress, but left to the Treasury Department which adopts regulations that have the force of law to spell out the details as well as interpret the statutes and provide guidance on the law. In addition, the. Companies have to file tax returns that are in accordance with tax regulations and rules developed by the Internal Revenue Service IRS. The amounts reported under taxable income and financial income differs.
My knack for statistics and aptitude to analyse large data sets, was the stimulus for me to take up certain courses during my Under Graduation. I chose algorithms, advanced calculus, computer programming languages, and more dynamic computing software, like MATLAB to enhance my quantitative skills further. Thereon, my preoccupation to understand the functioning of a business and my inquisitive nature, led me to take a Masters in Business Administration MBA , where I realized about my enthusiasm towards finance.
Tax laws often undergo changes and can be complex. Tax accountants ensure that companies and individuals comply with tax laws by filing their federal and state income tax returns. Some tax accountants also offer tax planning advice to help businesses and individuals save money in taxes. A career in tax accounting is challenging, but also rewarding. A tax accountant career requires following a specific education and career path.