A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.
| VAT | Personal Income Tax | Business Tax | Inheritance Tax | Capital Gain Tax | |Corporation Tax |
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or organisation/corporation.
Bookkeeping | Payroll | Computer Accountancy System | etc.
Accounting or accountancy is the measurement, processing and communication of financial and non financial information about economic entities such as business and corporations.
Financial Accounting | Budgeting and Forecasting | Management Accounting |