You should try to decipher tax related terms so that you end up a little wiser before filing a tax. Tax attorney uses complicated words to keep in you in dark and make you think that how smarter they are.
A merger is process of two companies choosing to join together to form one new company, pooling their assets and liabilities .It is distinct from an acquisition because the companies join forces on a more/less equal footing with control of the newly formed entity being shared.You may visit https://www.canadiantaxamnesty.ca/ for more tax related terminology .
Assets is anything tangible/intangible that can be owned or controlled for future benefits. Whereas equity refers to ownership interest in business. The flow of cash in and out of the business is the cash flow statement.
Gross profit is the net sales subtracting all the goods sold .In other words income earned above cost of products. An acquisition is the process of company taking control over other company otherwise known as takeover. Such takeovers can be hostile or friendly.
Money is the medium of exchange of goods, services etc. Sin Tax is the tax charged on things that causes effect on society such as alcohol, tobacco etc are taxed. Zero havens is the tax charged at low rate or next to zero depending upon the state/country.