Tax accounting is an accounting method used for tax purposes. It applies to all individuals, corporations, corporations and other entities. Even those who are not required to pay taxes should participate in tax accounting. The goal of tax accounting is to keep track of funds (incoming and outgoing) associated with persons and entities. Accounting includes, to some extent, all financial transactions; However, tax accounting focuses only on those transactions that affect the tax burden of the entity and how these items relate to the appropriate tax calculation and preparation of tax documents. If you are looking for a company that provides taxation services in Canada, we can help. Contact us today! Read our complete blog for more information- https://teqoaccounting.com/blog/taxation-services-in-canada