Tax filing has advantages. It gives you formality and opens doors for you.
Nobody likes to pay taxes, let alone the feeling that we do not know where the money that we all contribute will stop. However, there are several advantages of complying with your tax returns, do not you know what they are?, here we share some:
Besides being a legal obligation, paying taxes can bring your SMEs greater benefits than you had contemplated. You may have doubts because on many occasions, it seems that paying them is not reflected in the quality of the services offered, but being up to date is something that you will appreciate if you plan for your company to grow in the long term.
When GST return filing, you may be qualifying to apply for and obtain both public and private benefits.
If you did not get income during the year, our recommendation is that you always present your tax return to help you obtain possible benefits such as the following:
- RECEIVE refunds for having paid extra taxes.
- GET tax credits on your tax return.
- QUALIFY for low-cost or free public health programs.
- REQUEST financial help for the education of your children.
- ACQUIRE benefits of public, state and / or municipal programs.
The money from our taxes is converted into public spending and this is invested in schools, roads, national parks, hospitals, national security, and even in salaries for government officials, firemen and police officers who are at the service and protection of all of us.
This tax refund allows taxpayers to recover balances in their favor, or in some cases, the money they have overpaid for an error in calculating taxes.
Submitting your tax return electronically can be easier, faster and more accurate.
When you electronically send your taxes, the chances of making mistakes are reduced, because the online software will warn you if you have forgotten to sign a form, if you have accidentally omitted an answer for a specific question or if you have made calculation errors. You can also receive your tax refund faster when you file electronically, receiving your refund up to two weeks, instead of six weeks.