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| Shoebooks : Accounting Software Helps Prevent Tax Errors |
Every business can bring about happiness, contentment, and income to its owner. When it is managed effectively, the returns can be very rewarding. These benefits do not only go to the owners, but also the government and employees in the form of taxes and wages, receptively.
Businesses pay their taxes annually. This task is taken care of by the bookkeeper and the accountant. These two employees make sure that the taxes remitted by the company are accurate and remitted on time. If not, the company acquires losses from miscalculations or they get penalised by the government for incorrect or late reporting.
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