AN ASSESSMENT OF TAXATION ISSUES AND COMPLIANCE CHALLENGES IN PUBLIC ACCOUNTING
This research assesses taxation issues and compliance challenges in public accounting. The objectives are to identify common taxation issues faced by public accountants, to evaluate the impact of these issues on compliance, and to assess the strategies used to overcome compliance challenges. A survey research design was used to collect data from tax accountants and public accounting professionals. Using Taro Yamane's formula, a sample size of 215 respondents was selected to ensure statistical validity. The study focuses on Abuja, Nigeria, due to its role as the administrative and regulatory center of the country. The reliability coefficient score for the survey instrument was 0.87, indicating high reliability. Findings indicate that public accountants face taxation issues such as complex tax regulations, frequent changes in tax laws, and high compliance costs. These issues impact the ability of firms to comply with tax regulations effectively. Strategies such as continuous professional development, the use of tax software, and enhanced collaboration with tax authorities were found to mitigate these challenges. The study recommends that tax authorities simplify tax regulations and that accounting firms invest in training and technology to enhance compliance.
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