The corporate world is larger than how one may perceive it. It runs on a number of different operations and functions continously keeps expanding in time. Have you ever wondered how our government has money and where it comes from? Tax collection and the process of taxation is definitely one of the most important and largest sources of revenue that helps them carry out all processes and operations of the government's. It allows the government not only to perform but also to provide all services to the people, while also ensuring income equity. Tax accounting is the branch of accounting that helps form all guidelines and policies under which taxes are generated. From tax returns to tax payments, the branch is an important aspect of accounting in itself. The subcategory aims to educate you on taxation.