tax preparation

What Are the Consequences of Poor Tax Preparation?

Neglecting tax preparation can have serious repercussions:
- Penalties and Fines: Late filing or underpayment can result in hefty penalties.
- Audits: Inconsistent or inaccurate filings may trigger an audit.
- Cash Flow Issues: Poor tax planning can lead to unexpected liabilities, affecting cash flow and operational stability.
- Legal Issues: Non-compliance can lead to legal action, tarnishing your business reputation.

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