The term tax accounting is a very broad and encompasses many differentaccountingdisciplines. There are many differentareas of tax accounting and whilst the general practice accountant will have a basic awareness of each area, it is unreasonable for the general practice accountant to bea specialist in all tax accounting areas. There are regular updates, changes in legislation and changes in applicable rates thereforethe world of tax accounting is dynamic and fast moving. A tax accountant must keep abreast of these changes and the fast and frequent changes makes it even harder for the general practice accountantbecome an overall tax specialist.
Many accountants will start their career i