Definition: Tax History Management is an IT concept that involves the use of software or systems to record, track, and manage an individual's or company's tax data over a certain period. It helps in maintaining accurate records, ensuring compliance, and facilitating tax planning and auditing processes. Source: Investopedia Source reference: https://www.investopedia.com/terms/t/tax-history.asp Additional information: Tax History Management is a critical aspect of financial management, both for individuals and businesses. It involves the systematic recording and tracking of all tax-related transactions and data. This includes income tax, sales tax, property tax, and other forms of taxes. The data is stored in a secure and organized manner, making it easy to retrieve and analyze when needed. It helps in ensuring tax compliance, avoiding penalties, and facilitating effective tax planning and auditing. The use of IT in tax history management has made the process more efficient, accurate, and reliable. It has also enhanced data security and accessibility. Example: Examples of Tax History Management applications include tax management software like TurboTax, H&R Block, and TaxAct. These applications allow users to input their tax-related data, calculate their tax liabilities, and file their tax returns. They also keep a history of all the tax data and transactions, making it easy for users to access their past tax records. Businesses may also use more sophisticated systems like ERP (Enterprise Resource Planning) software, which often include tax management modules. These systems not only manage tax data but also integrate it with other business data, providing a comprehensive view of the business's financial situation. LOST view: OV-Digital Public Services Catalogue Identifier: http://data.europa.eu/dr8/egovera/TaxHistoryManagementBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:TaxHistoryManagementBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/TaxHistoryManagementBusinessService dct:title: Tax history management Digital Public Service