Answer: Accounting reflects a company’s financial position, while tax accounting is used to calculate tax liabilities. The rules for recognizing income and expenses in these systems differ, so it’s important to maintain both systems accurately and consistently.  Read more

Answer: Technically, it’s possible, but in practice, it increases the risk of errors, missed deadlines, and incorrect calculations. Using professional accounting software ensures accurate accounting and compliance with legal requirements.  Read more

Answer: Ongoing monitoring allows you to identify errors, track your tax burden, and make management decisions based on reliable data. This reduces the risk of audits and financial losses.  Read more