{"id":992,"date":"2023-09-27T06:20:27","date_gmt":"2023-09-27T06:20:27","guid":{"rendered":"https:\/\/mycfo.bg\/?p=992"},"modified":"2023-09-27T06:33:01","modified_gmt":"2023-09-27T06:33:01","slug":"tax-and-financial-accounting","status":"publish","type":"post","link":"https:\/\/mycfo.bg\/en\/tax-and-financial-accounting\/","title":{"rendered":"Tax and Financial Accounting"},"content":{"rendered":"

Tax and Financial Accounting<\/h1><\/div>

Published 27 September, 2023<\/p>\n<\/div>

Let’s make a distinction between tax accounting and financial accounting, as it is of significant importance since they have different objectives and are governed by different rules. Adhering to their differences is necessary to ensure compliance with both tax laws and the requirements for information transparency and firm management.<\/p>\n<\/div><\/div><\/div>

What is tax accounting?<\/h3><\/div>

It is a specialized area within accounting that focuses on tax management and obligations for individuals or companies. Its goal is to ensure there are no irregularities related to tax laws and regulations<\/strong> and that all tax obligations are regularly and accurately fulfilled. It’s essential to emphasize that tax accounting is not only used for tax payment but also for tax burden optimization through various legal methods to reduce taxes.<\/p>\n<\/div>

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What are the main objectives of tax accounting?<\/h3><\/div>

The primary objectives of tax accounting are:<\/p>\n