TAX ACCOUNTING Definition

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TAX ACCOUNTING is the planning of business strategies based on tax consequences and avoidance.

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GROSS PROFIT MARGIN ANALYSIS indicates what the companys pricing policy is and what the true mark-up margins are. Calculated by: Revenue - Cost of Goods Sold / Revenue. See GROSS PROFIT MARGIN ON SALES for more in-depth definition.

BASE TAX YEAR is the tax year prior to the subject tax year.

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