2020-09-24
1022
1. (two words) Any government entity that is authorized by law to assess, levy and collect taxes ________________
2. (two words) A company or individual’s tax affairs ________________
3. (two words) A statement on an official form showing income, deductions, exemptions, and taxes due ________________
4. (two words) An approximate computation of a taxpayer’s tax liability
________________
5. (three words) Including the latest information ________________
6. (two words) Willingness to obey tax laws ________________
7. (two words) An analysis of a financial situation from a tax perspective, aimed at aligning financial goals with tax efficiency ________________
8. (two words) An accountant who provides services to public at large
________________
9. (three words) An accountant employed on a full time basis by a company, providing services to his/her employer exclusively ________________
10. (two words) A financial expert with advanced training and knowledge of tax law ________________
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Exercise 3. Match the pairs:
| 1.They perform all activities | A.any tax changes that affect their business. |
| 2. They advise clients on | B.to defer tax payment. |
| 3.They keep clients informed of | C.tax impact of corporate strategies. |
| 4.They monitor | D.how to minimize tax liabilities. |
| 5.They ensure compliance with | E.related to filing tax returns. |
| 6.They are involved in | F.performed by various taxation authorities. |
| 7.They devise tax strategies | G.tax data collection systems. |
| 8.They coordinate audits | H.tax legislation. |
| 9.They advise management on | I.any disputes or audits that affect their clients. |
| 10.They create | J.taxation authority requirements. |
GRAMMAR FOCUS:
Exercise 4. Mixed Tenses.
Creating a Professional Profile.
Use the prompts below to interview your partner and prepare his or her professional profile.
§ Company
§ Position
§ Department
§ Responsible for
§ Job involves
§ Length of time with the company
§ Work experience
§ Qualifications
Example: What company do you work for?
Report the information to the class.
Exercise 5. Text completion.
Read the text and complete it with the following words.
tax bachelor’s degree tax returns tax laws
career licensed competence accounting
Educational Requirements
To begin a career as a tax accountant, you will probably need a ____________ (1) in accounting; however, educational requirements may vary from country to country.
UK: Although entry to the accounting profession without a degree is possible in the UK, accountancy is a highly competitive field and having a degree will give aspiring candidates far greater ___________ (2) opportunities.
USA: In the USA, a bachelor’s degree is usually the minimum educational requirement for becoming a tax accountant. It may be either a degree in ___________ (3) or a degree in a related field with tax accounting courses taken as electives.
Chartered Accountant / Certified Public Accountant
Accountants who have gained sufficient work experience, often decide to obtain a professional license. The license demonstrates that they have undergone further training and examination, providing to their clients that they possess a high level of professional ____________ (4).
UK: Holders of such licence in the UK are called Chartered Accountants. The major accounting body in charge of organizing training and examination is the Institute of Chartered Accountants in England and Wales (ICAEW). Chartered accountants who wish to specialize in taxation tend to train toward qualification as Chartered Tax Advisers, which is the highest level ________ (5) qualification in the UK.
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US: ________ (6) accountants in the US are known as Certified Public Accountants (CPAs), while the corresponding accounting body is the American Institute of Certified Public Accountants (AICPA).
Tax Accountants and Law
Although tax accounting generally focuses on preparation, analysis and presentation of __________ (7), in its essence, it is application of tax laws to finance. Therefore, tax accountants must be good at implementing and interpreting ___________ (8) and have broad knowledge in this field.
Exercise 6. Match the words below to their definitions.
| 1.Tax Issues | A.an internal company tax accountant |
| 2.Tax Authorities | B.a person who advises other people and companies on tax affairs, especially on legal ways of paying less tax |
| 3.Tax Return | C.a degree to which a taxpayer complies with the tax laws |
| 4.Tax Estimate | D.a government body responsible for administering tax laws and collecting taxes |
| 5.Tax Compliance | E.an accountant who has passed the professional examinations administered by a country’s institute of chartered accountants |
| 6.Small Business Tax Accountant | F.tax accountant specialized in providing services to small companies |
| 7.Corporate Tax Accountant | G.a firm that provides accounting services to general public |
| 8.Public Accounting Firm | H.tax-related matters |
| 9.Chartered Accountant | I.a rough calculation of your tax liability |
| 10.Tax Consultant | J.a standard form provided by tax authorities on which a taxpayer reports taxable income |
SPEAKING FOCUS
1. Discuss the advantages and disadvantages of
§ workingas a tax accountant in your own independent practice
§ being employed as a tax accountant in a large corporation
§ working for a large public accounting firm
§ being employed in the state tax administration
§ being an independent tax consultant
2. What are educational requirements for becoming a tax accountant in your country?
3. What is the major accounting body that issues a CPA license in your country?
4. What does the process of obtaining a CPA license involve in your country?
5. In your opinion, what are the key skills and personal qualities that a tax accountant needs?
6. Why did you choose the career in this field?
VOCABULARY FOCUS
accelerated depreciation ускоренная амортизация
accounting requirements правила отчетности
additive добавка
agreement procedure процедура соглашения
anticipate (v) предвидеть
amortized assets амортизационные активы
application acceptance принятие заявления
assets tax налог на активы
at the expense of за счет
be entitled to иметь право на
be exempt from освобождаться от
certified public accountant дипломированный бухгалтер высшей квалификации
chartered accountant сертифицированный бухгалтер
civil contract гражданско-правовой договор
constituent entity субъект
cord шнур
corporate profit tax налог на прибыль организаций
corporate tax accounting налоговый учет организации
corporate ownership корпоративная собственность
customs duty таможенная пошлина
engage (v) заниматься
emergence of ownership right появление права собственности
employment agreement трудовой договор
exercise (v) осуществлять
foreign direct investment прямые зарубежные инвестиции
granted to предоставленные
in person лично
legal entity юридическое лицо
legal possession юридическое владение
legal standing правовое положение
legislative provision законодательное обеспечение
public tax accountant бухгалтер по налогообложению
real estate tax налог на недвижимость
recreational развлекательный
scheduled investments запланированные инвестиции
simplified упрощенный
special tax treatment специальный налоговый режим
straight line depreciation линейная амортизация
tax administration налоговое администрирование
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tax authorities налоговые власти
tax consultant налоговый консультант
tax compliance выполнение налоговых правил
tax estimate расчет налога
tax exemption освобождение от налога
tax incentive налоговый стимул; налоговая скидка
tax issues налоговые вопросы
tax liability налоговая ответственность
tax mode налоговый режим
tax planning налоговое планирование
tax preferences налоговые преференции
tax return налоговая декларация; налоговая отчетность
take benefit of (v) извлекать выгоду из
unified tax единый налог
unified social tax страховые взносы
vastly значительно
venture предприятие
wagering заключение пари
PART 3
