Tax consultants, also know as tax advisors are experts in tax law, planning, and compliance. They serve businesses and individuals alike by staying current on new tax law and positioning taxpayers for short and long term tax optimization. A tax consultant typically expands on the role of the tax preparer. While tax consultants prepare tax returns, they also often work closely with clients throughout the year to ensure client tax liability is minimized. Tax consultants are strong written and verbal communicators able to explain tax law and strategies in a way that is accessible and easy for clients to understand. Tax consultants work for public accounting firms, law offices, financial consulting firms and many even have their own independent tax preparation and consultation businesses. In all settings, tax consultants can be expected to perform duties that include:
- Conducting research on tax laws
- Strategizing with clients to minimize tax liability
- Communicating with clients to explain tax issues
- Preparing tax returns
- Estate planning
- Keeping clients compliant with their tax obligations
Producing written content is a significant part of the job, as tax consultants must communicate their research findings including changes in tax laws that create opportunities for new tax strategy. Because a tax consultant may have many clients affected by the same issue, the ability to draft a well-written and concise letter is often the most effective means of disseminating information to a number of different clients.