Businesses face several challenges when dealing with taxes:
Complexity: Tax laws are often complex and subject to frequent changes, making it difficult for businesses to stay current. Compliance Costs: The cost of ensuring compliance, including hiring professionals and investing in software, can be substantial. Global Operations: For businesses operating internationally, understanding and complying with multiple tax jurisdictions add another layer of complexity. Administrative Burden: The paperwork and administrative tasks associated with tax compliance can be time-consuming and resource-intensive.