We all pay taxes to contribute to the revenue of our country in a number of ways such as buying and selling products. It is everyone’s duty to contribute towards developing their country and through payment of taxes, they are able to fulfill their responsibilities. For you to avoid falling into the wrong hands of the law, as small scale or large scale entrepreneur, it is important that you pay your taxes as required by the law. When it comes to how you are going to pay your taxes and the amount you will be required to pay, you may need the help of an accountant or a lawyer, however, in this case, you may need an attorney more since they understand certain things about tax law that accountants do not. In case you have not sought the services of a tax attorney, it is time you hired one.
For many business owners to acquire a tax audit, they find it complex and this worries them of paying more taxes or even paying penalties due to an oversight on their returns. Tax auditing counts as a legally binding contract between audited taxpayers and the agency and therefore you should approach it with a lot of caution because at times you might be going to court for a civil case. Thus, you will need a lawyer to represent you at the court as the tax auditors will also have their lawyers represent them too at the court.
A tax revenue authority often files charges to persons they suspect are purposely evading their taxes or they are hiding income from the government. Defrauding the government or evading taxes is highly punishable and may lead to your being jailed for a long term. Therefore you should … Read More