Tax laws have always been complex. Worst still, the laws are constantly changing, making it difficult for many businesses to keep tabs on what is applicable at any given period.
At the risk of being obvious, you should not prepare your business tax returns unless you are an expert in the field of tax preparation. Attempting to do so might result in costly mistakes.
Overlooking deductions is an all-too-common error. Plus, you might not even be aware of the tax credits you are eligible for. While computers or software can speed up tax preparations, you still need the know-how to use it
Article source: https://www.chaudhrycpafirm.com/financial-planning/