Below are some of the challenges faced by CPA tax preparation services;
Taxation Challenges faced by Accounting Firms
The accounting companies have to prepare taxation reports of their clients very carefully after following all the local rules and regulations.
It means CPA firms have to prepare tax reports of their corporate client and submit it within only two and a half months.
Moreover, all individual tax returns need to be filed within 1 month of the deadline for corporate returns.
Moreover, the concept of online shopping has made VAT calculations even more dramatic.