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. Both an accountant and an attorney can be of great help when it comes to how you will pay your taxes and the amount of tax that you will be charged for your business, however, an attorney is more important since they can handle certain things that accountants cannot. It is therefore advisable for you to hire a tax attorney due to a number of reasons.
Getting a tax audit could at times be a nightmare to you as a business person as it keeps you worried about paying more taxes or even paying for penalties because of an oversight of your returns. Since tax auditing counts as a legal binding between the audited taxpayers and the agency, you need to approach with a lot of caution because at times you might find yourself 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.
Often, tax revenue agencies will file cases against those people intentionally avoiding taxes or are trying to defraud the government. Evading taxes or defrauding the government is highly consequential and could lead to extensive jail terms. Therefore you should hire a tax attorney the moment you find out about the criminal charges are being filed against you so that you can get your punishment reduced to an extreme minimum.
Hiring a tax attorney will enable you to get educated about tax law. By hiring a lawyer, they will ensure that they educate you about the tax law and detail you about everything that is associated with the tax law field. Your lawyer will give you an opportunity to ask them any questions regarding the tax law field and anything you do not understand and is required of you by the government and the revenue collecting agencies. The tax law field is very complicated and therefore to save yourself all the hardships, hire a tax attorney.