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Tax consultants are financial experts that are knowledgeable in tax law. Being well versed in the field, these individuals provide advisory and consultancy services to their clientele on how to minimize tax liabilities while still complying with the law of the land. These experts are also up to date with the changing tax legislations and explicate the tax law’s intricacies and its implications to clients in simple understandable terms.
Benjamin Franklin famously wrote that in this world, nothing is certain except death and taxes. In real talk, no one could really win over the trouble of tax charges, not unless one is an informed citizen.
Filing taxes as a solo business owner can be more complicated. Home-based businesses that hold up until the last minute to prepare taxes could be losing in the long run. Solopreneurs need to be aware and well-equipped with proper tax strategies.
Posted on Thursday, February 27, 2014 at 8:33 am CST
Each State is in budget deficit. This causes increase in routine audits to fill the discrepancy with tax revenue. Tremendous hiring of Auditors was also observed across States. Idaho hired 48 auditors in 2012 while California plans to hire 100 auditors in the next three years.