The modern business environment is highly diverse; therefore, companies of different ownership and sizes have complex tax issues to deal with worldwide. Given the ever-changing regulatory environment and complex tax provisions, the primary objective is to stay compliant while optimizing operations and keeping up with best practices. Among other things, efficient tax return procedures fulfill the requirements enlisted by the authorities and allow businesses to allocate their financial assets most advantageously by avoiding various risks. Furthermore, the level of tax regulations has pushed the trade to set up the most sophisticated tech-based solutions to automate complying processes. Legacy manual methods usually need to catch up when processing massive amounts of data and handling the intricacies. Accordingly, to bring technology into full play, however, we must integrate these approaches to solve the problems efficiently.