samedi 21 novembre 2015

Gains Made By Annual Filing Season Program

By Marci Nielsen


Tax is relied as a major source of revenue across the world. It is collected from individuals through income tax, or through industries that provide goods and services. There are government institutions that also contribute to the national cake. Collection of this money has been found to be more efficient in countries that have adopted the annual filing season program, a program that is aimed at enhancing the skills and know-how of tax gurus. It makes the efficient and they give the citizens motivation to pay taxes faithfully and willingly. The gains made by the program are as follows.

People in these regions get to understand the theory behind paying taxes. They have the information on tax payment with them. They develop a positive attitude towards payment of taxes to the government, which is for their own benefit because the services this revenue pays for are used by the people. This will raise the total revenue collected.

Tax collection is carried out by professionals. They know what they are doing. The tax payer feels that his or her money is safe and hence they will contribute better. It is a way of motivating the people because they have an understanding there are professionals in the field. It has also enabled the elimination of crooks.

Tax evasion is a problem faced by most government. People who evade tax are a burden to the government. They do not contribute but they will want to benefit from the same services others are paying for. The program teaches the experts on how to deal with this evaders and seals the loopholes they usually take advantage of.

With reliable and accurate tax collection methods, a government is able to make the necessary plans for its people. It is in a better position to come up with better service provision criteria because what it targets through tax is achievable. The social services are delivered to the people in good time and in good quality.

Good taxation habits encourage investors. Investors contribute a lot to the growth of an economy because they bring in employment opportunities. Informed and quality ways of tax collection will mean favorable taxation terms and this is music to the ears of any investor. They will flock that region and bring all their expertise.

The program puts the experts in a better position to deal with their clients. Their gain confidence in what they do. They can market themselves better. An expert who has a certificate from this should always show it to the clients to demonstrate a good knowledge of the field. Tax being such an integral thing, it should be handled with care.

It is advisable for all governments that are committed to providing quality services to their people to take revenue collection seriously. This program could be made mandatory to ensure that the people without professional ethics are kept off the business of tax collection. It should make it mandatory for tax prepares to show a certification document to their clients.




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