Management accounts are a summary of accounting information such as a profit and loss account, balance sheet and cash flow statement. A good set of management accounts...
Put simply, payroll taxes are taxes paid on the wages and salaries of employees. These taxes are used to finance social insurance programs, such as Social Security and Medicare.
Value-added tax (VAT), government levy on the amount that a business firm adds to the price of a commodity during production and distribution of a good.