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Answer: One of the benefits of hiring a tax consultant is a guidance on the scope of tax and the expenses that are available for tax deduction, specific deduction and double deduction, which are applicable to business owners who fill in Form B and Form P. Furthermore, you should gain maximum benefit from tax allowances and incentives, save time by letting tax consultants manage tax-related matters under the self assessment regime like computing tax, keeping accounting records on business for seven years, as well as paying the installments on tax estimates to the IRB. Secondly, you can avoid or minimize tax penalties arising out of non-compliance with the tax laws and can capitalize on tax planning to minimize your tax liability. Thirdly and also the key consideration would be the tax savings and costs to hire a tax consultant. Generally, the fees range from RM 350 to RM 1,500 (excluding the bookkeeping fees, out-of pocket expenses, GST/service tax, applicable to individuals who have business income and are required to file Form P & Form B). It is important to note that the fee of having a professional prepare a statutory income tax return would depend on the type of income tax return forms, such as whether one is under employment or is an individual businessman, and the complexity of each case.If your income is derived from an employment source, it is very straightforward that you just use your chargeable income to deduct your tax reliefs. You may risk not doing a 100% accurate job, but if your tax savings are just a few hundred ringgit, it is difficult to justify the consultant’s fees. However, if you own numerous properties, receive rental income and own business, your case becomes complicated. It would make more sense for you to look into hiring a personal tax consultant.