Tax Planning

Dictionary

A&E

mean either Appropriation & Expense or Analysis & Evaluation.

A&G

Administrative & General.

A&M

Additions and Maintenance.

A&P

acronym for Administrative and Personnel.

AAA

American Accounting Association, Association of Accounting Administrators, or see ACCUMULATED ADJUSTMENT ACCOUNT

AAA-CPA

American Association of Attorney-Certified Public Accountants.

AACSB

American Assembly of Collegiate Schools of Business.

AAFI

Associated Accounting Firms International.

AAHCPA

American Association of Hispanic CPAs.

AARF

Abbrev. Australian Accounting Research Foundation.

AAT

Great Britain, is Association of Accounting Technicians.

ABA

American Bar Association. See below also.

ABATEMENT

in general, is the reduction or lessening. In law, it is the termination or suspension of a lawsuit. For example, an abatement of taxes is a tax decrease or rebate.

abbreviated accounts

Shortened but audited financial statement that a qualifying small or medium firm is allowed to file with registrar of companies in the UK. About 45 percent of the active UK firms have opted for abbreviated accounts. See also abridged accounts.

ABC

ACTIVITY BASED COSTING

ability

HR: Acquired or natural capacity, competence, dexterity, proficiency, talent, etc., that enables an individual to perform a particular act, job, or task successfully at any time. See also aptitude.

ability to pay

Borrower's ability to service a loan from his or her disposable income or cashflow, or the taxpayer's ability to pay the tax. Called 'capacity' in banking, it is a critical factor in obtaining a loan. See also five C's of credit and fixed charge coverage ratio.

ability to pay tax

ability to pay principle.

able

Party capable of meeting its obligation(s) under a contract, as in the phrase "ready, willing, and able.”

ABM

ACTIVITY BASED MANAGEMENT

 
 
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