Businesses require tax consultants for several critical reasons:
1. Compliance: Ensuring adherence to tax regulations to avoid penalties and legal issues. 2. Tax Planning: Strategically planning transactions to minimize tax liabilities. 3. Optimization: Identifying tax-saving opportunities through deductions, credits, and incentives. 4. Representation: Representing businesses in audits and disputes with tax authorities. 5. Complexity: Navigating complex tax codes and international tax laws.