| TAX ACCOUNTANT- Definition-You were searching for a tax accountant. An accountant is a person who accounts for profit and loss for a business. The bookkeeper will balance the checkbook, code and post checks and other cash transactions to the general ledger, balance sheet and income statement. The accountant will adjust the various accounts to their correct balance. For example, the notes receivable will be adjusted to the correct balance as of the date of the balance sheet. The same for a/r and a/p, etc. An accountant is usually a tax accountant as well. Accountants are trained to account for the correct provision of taxes and accrue any income tax liability. Sometimes people refer to a tax preparer as a tax accountant.
Tax preparers are often not accountants, they just prepare tax returns. Although tax returns, those with a small business filing a schedule C , or a corporation, LLC, partnership return, will have an income statement and balance sheet on it, this is merely a tabulation of the totals of each account. Preparers often use financial statements prepared by accountants to prepare the tax returns.
So a tax accountant , therefore possesses both the knowledge of accounting and the knowledge of tax preparation, although many people may not consider this when searching for tax accountant.
As an experienced tax accountant I can help you with many tax or accounting situations. Please go to my index page and start reviewing my site from there. Thanks - Joe
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