Tuesday, 24 November 2015

Enhancing Revenue Collection Through The Annual Filing Season Program

By Marci Nielsen


Governments across the world rely heavily on taxes as a major source of revenue. The taxes are collected from individuals, manufacturing industries, social societies and even governmental organizations. Service providers also contribute to the national cake. Being the major source of income, taxation must be handled with a lot of care. People must be advised and motivated to remit their taxes faithfully and voluntarily. The annual filing season program was set up to enable tax experts acquire the necessary skills in order to serve their clients better. With time, the program has gained the following advantages.

People in these regions get to understand the theory behind paying taxes. They have the information on tax payment with them. They develop a positive attitude towards payment of taxes to the government, which is for their own benefit because the services this revenue pays for are used by the people. This will raise the total revenue collected.

Tax collection is carried out by professionals. They know what they are doing. The tax payer feels that his or her money is safe and hence they will contribute better. It is a way of motivating the people because they have an understanding there are professionals in the field. It has also enabled the elimination of crooks.

When a tax collection process is not professional, there are loopholes. These loopholes are easily manipulated by people who are known for evading tax. They are a burden to the national government because they do not contribute but yet they benefit from the services other taxpayers pay for. The program enables tax prepares to deal with such people efficiently.

There is a good planning program for a government that gets good returns from the people. Education, food programs and health for the citizens benefit so much from good taxation policies. They are kept at high standards for a longer period of time. There are hence a national development and the well-being of the citizens is looked into.

Good taxation habits encourage investors. Investors contribute a lot to the growth of an economy because they bring in employment opportunities. Informed and quality ways of tax collection will mean favorable taxation terms and this is music to the ears of any investor. They will flock that region and bring all their expertise.

The program has introduced ethics in tax collection. There is an order established that with time, all tax experts will be required to go through the course. This will bring in professionalism and reduce the number of tax collectors who are not up to standards. Tax is such a sensitive thing, it is the backbone of any economy. With such, it should be handled with a lot of care. Tax experts who will have gone through the program will be different from those who decide to forego it. They are hence encouraged to pick it up.

It is advisable for all governments that are committed to providing quality services to their people to take revenue collection seriously. This program could be made mandatory to ensure that the people without professional ethics are kept off the business of tax collection. It should make it mandatory for tax prepares to show a certification document to their clients.




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