What exactly is indirect tax?

Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax. Where the amount of direct tax owing can be influenced by other factors, indirect taxes are straightforward in that their calculation is typically a predetermined percentage or rate and the cost is passed along the supply chain ultimately landing on the consumer or end user. Where tax professionals provide value to their clients by keeping current on changes and updates to taxes and helping resolve complex tax calculations that arise from cross-border or interstate transactions.