What Role Does Early Tax Planning Play in Reducing Audit Risks Over...

What Role Does Early Tax Planning Play in Reducing Audit Risks Over Time?

Planning of taxes at early stages enables individuals and businesses to prepare financial records ahead of time before the due dates come about. By ensuring that the documents, including receipts, invoices, income statements, investments, and deductions, are formulated at an early stage, the taxpayer minimizes the possibility of human errors that are likely to cause an audit. This strict...

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