Q: The government has proposed that individuals process their final tax returns. To what extent do you agree or disagree? Write at least 250 words.
Contents
Model Essay Pros -Doing the Final Tax Returns by Each One-
In the 20th century, most companies grew up as one group or organization. However, since the 21st century, solo individual workers can earn more than company employees. When the pandemic was over, the number of individuals who shifted various work styles increased. I agree with processing tax procedures by themselves.
At the outset, individuals can calculate the tax amount they must pay to the government. This approach is commonly used in advanced countries like the United States. Hence, individuals can learn the ability to calculate their taxes more easily than salaried workers. Through this outcome, they can enhance their financial knowledge. In addition, children can learn how to handle taxes from primary school. For such educational reasons, each person can learn the taxes.
Furthermore, accounting departments in the company can streamline their workload by handling financial tax returns by each worker If employees can handle their final tax returns, the accounting department’s workload in income calculation would decrease. Hence, they can dedicate their attention to their professional duties. In addition, individual workers can contribute to some local areas. In Japan, there are hometown tax-donating programs. Individuals can pay taxes in their hometown or favourite towns to pay taxes with buying souvenirs. For such reasons, They can promote the advantages of towns.
In conclusion, I support the idea of completing final tax returns with every employee. By enhancing their tax literacy, they can help reduce costs and save time for the accounting department. It connects that they can promote some municipal cities and towns through hometown tax-donating programs.
(255 words)
Model Essay Cons -All People Do not Need Final Tax Returns-
Since the 21st century began, individual workers working alone could earn higher incomes compared to employees of companies. On the flip side, there are global corporations that possess intricate operational systems. I disagree with processing tax procedures by themselves.
Initially, freelancers and employees within the accounting department are required to compute intricate tax calculations. A considerable part of their time is allocated to preparing reports. Additionally, major corporations possess elaborate operational frameworks. Multinational corporations must comply with the currency and taxation regulations in every country where they conduct local operations. Thus, it might be impractical for all personnel to manage complex tax computations.
Next, there are some educational issues. During the work process, all employees must understand complex tax systems. Certain individuals may require more time to solve addition or subtraction problems because of being diagnosed with Learning Disabilities. Some individuals may choose to forgo learning the process of tax calculation. As a result, they might have trouble with calculating incomes and expenses or planning their budget. Some professional tax accountants or financial planners can teach how to manage their money for individuals. They can counsel about tax issues, if professionals can solve tax issues, clients and these workers can get their knowledge as benefits. If individuals learn how to calculate taxes by themselves, such professionals would lose working opportunities.
In conclusion, I do not agree with processing the final tax return by all individuals. It is also possible to depend on the final tax returns with professionals, as each worker can concentrate on their specific tasks.
(257 words)
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