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Payroll service bureau - A payroll service bureau is an accounting business whose main focus is the preparation of payroll for other businesses. Such firms are often run by Certified Public Accountants, though a typical payroll processing company will refer to itself as a service bureau rather than a CPA firm, to distinguish its payroll services from the general tax and accounting services that are generally not offered by a payroll service bureau.
Deferred tax - Deferred tax is an accounting term, meaning future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value.
Effective tax rate - The effective tax rate is the amount of income tax an individual or firm pays divided by the individual or firm's total taxable income. This ratio is usually expressed as a percentage.
Accountant-client privilege - Tax Practitioner-Client Privilege is a confidentiality privilege available in American federal tax law. It is defined in the Internal Revenue Service Restructuring and Reform Act of 1998, Pub.
accountingclientfamilyfirmtax
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