PLACE OF TAX ACCOUNTING IN THE ACCOUNTING AND TAX SYSTEM

Forecasting financial results of the economic entity activity, tax planning and tax optimization are becom-ing the major components of the nowadays accounting. Organizations strive to be seen as financially stable and profitable to investors and creditors, and finan-cially disadvantageous to tax authorities. Obviously, all these goals require completely different approaches that will allow avoiding the expressed conflict of inter-est. The solution to this contradiction and the most effective way of establishing a compromise is the ef-fective tax accounting.