A tax consultant researches and recommends strategies to minimize and address tax liability for individuals or businesses. They also prepare and file tax returns, represent clients during IRS audits, and advise on other tax-planning strategies. They need to be familiar with federal, state, and local tax regulations. Some have specializations in business and retirement taxes, international taxation, or forensic accounting. They also need to keep current on new tax laws and regulatory changes.
A successful career as a tax consultant requires excellent written communication skills because they write letters, emails, and other documents to convey their research findings to clients. They also need good mathematical insight because much of their work involves calculations and preparation of mathematical projections. They may work with several clients at once, so they need to have excellent project and time management skills.
How to find a good tax consultant
Finding a qualified tax consultant can be difficult, but there are many resources available to help. Ask for recommendations from friends and colleagues, read online reviews, and check the credentials of potential candidates. Before hiring, make sure to ask for an introductory meeting to discuss their fees and experience.
Most tax consultants have at least a bachelor’s degree in accounting, finance, business administration, or business taxation. Postgraduate studies are also common. Those who want to become certified public accountants (CPAs) must complete a four-part national exam. Other professional endorsements, such as the Accredited Tax Advisor (ATA) certification, require three years of relevant experience. Steuerberater