For many individuals and businesses, paying taxes is not their biggest priority as they have other commitments they need to fulfill to stay afloat. However, as taxes are a mandatory requirement, they cannot be ignored. When you earn an income, you must contribute an appropriate portion of the same to the country. If you don’t enjoy the battle of collecting statements, invoices, and receipts every month or are unaware of how to use them to prepare your taxes at the end of the financial year, you’ll need the assistance of a tax professional.