While it’s true that online e-tax platforms have made the process of filing taxes much more convenient now, it cannot be denied that the entire process is not only time-consuming but also overwhelming, especially for beginners who have little or no experience in this area. When it comes to businesses, the tax filing process can get even more complicated as there are numerous things to consider, such as deductions and profits or losses. So, it is essential to get your financial and tax details straight to maintain the cash flow for your business. According to Dun & Bradstreet, nearly 90% of small businesses fail because of cash flow problems.
The solution? Hire a registered professional agent for your business and keep tax woes at bay! Here are reasons why you should opt for a certified professional agent:
- Privacy Guaranteed
The greatest perk of having a registered tax professional agent is privacy – it is their address and not yours that will be recorded on all the public documents filed in the state. This can be highly beneficial to businesses who wish to keep their name off the public record. Also, you never have to worry about spam emails!
Another perk of this privacy is that if ever your business gets sued, the Service of Process will not show up at your house or office.
- Opportunity To Focus On The Core Areas Of Business
Managing a business is never easy. There are hundreds of things to take care of, and when you add the burden of tax filing to it, no wonder business owners go berserk. Instead of cracking your head over the tax filing requirements, you can transfer this burden to a trusted professional agent who’ll take care of everything. This can save a lot of your valuable time that you can dedicate to planning strategies for strengthening the core areas of your business.
- You Don’t Maintain Normal Business Hours
If you’re in a business that makes it difficult to maintain regular business hours, you may miss out on many relevant documents as they may never reach you (since you are hardly at the office). Obviously, you don’t need this headache. So, hiring a professional tax agent would be a wise way out since they’ll always be there to receive your important documents, notices, etc., and also ensure that you get them all.
- You Dread The Penalties Of Non-Compliance
Tax norms and laws get amended from time to time, and when running a business it might become challenging to stay updated with every tiny details of the tax policies. However, you also cannot afford to run the risk of non-compliance. Having a registered professional tax agent by your side can be very helpful as they can analyze every situation from both personal and business perspective and offer insightful suggestions and advice regarding what steps should be taken in specific circumstances.
- Your Change Your Address Frequently
Your business may demand that you travel a lot and hence, your address changes very frequently. This may become inconvenient for you, since every time you change your address you will need to update your present address with the state you’re in. Also, you may be required to pay a nominal fee amount to the state along with a formal state filing. However, if you hire a professional agent, you never have to worry about these problems. Every time you change your address, you only have to intimate your agent, and they’ll care of the rest.
So, having a registered professional tax agent is a win-win. Choose MyTaxFiler as your professional tax consultant and say goodbye to tax issues once and for all!