Tax consultants or advisers help their clients with tax law related activities. Tax professionals are knowledgeable about federal and state tax legislation and also handle taxes for individuals and businesses alike. This article will discuss the profession of tax consulting services, the duties the job entails, and the educational requirements to work in this industry.
Tax consultants or advisers can offer advice in regards to taxes so clients can get as much money back as possible and avoid owing to the government during tax season. These professionals can set up face-to-face meetings with clients or schedule conference calls with clients. Tax professionals find the right deductions, complete tax returns, and offer financial advice.
Tax consultants typically need to have communication skills, mathematics skills, and business skills. Since this industry is very competitive, these professionals need strong communication and business skills to retain their customer base. Since this profession also involves numbers and math, skills in analytics and mathematics are also required.
In order to become a tax consultant or adviser, one must have a bachelor’s degree. This degree is usually in economics, finance, tax law, or business focuses. There are some other courses one may take to improve their skills. These courses include risk management, investment, and estate planning and can be greatly beneficial to performance in the actual industry.
After education, tax consultants must be registered with the IRS to prepare tax returns. This also requires the passing of an exam. There are also other certifications that can be beneficial to the adviser in this competitive field. Passing a certification in financial advising obviously sends a good message to clients and they are more likely to use you for services.
New York tax consultants are experts in the industry. If you need tax consulting services, hire a NY consulting firm today.