Tax Consultancy

A tax consultant acts as an advisor to all those paying Taxes in a country. They study and understand the myriad rules & regulations of the government to provide sound financial advice and tax-related services to their clients, in accordance with the central and state tax regulations.

These tax experts help their clients to file income tax and help them in Tax Planning. A tax Accountant plays multiple roles within the finance sector for the industry. A tax consultant is well-versed with all financial literature, including updated central and state tax laws, statutory compliance, and associated tax procedures. This extensive knowledge is put to use while reducing the tax liabilities of companies or even individuals and devising options for financial investments to legally reduce taxes.

Tax Advisory Services

The first and foremost responsibility of a tax consultant is to provide logical financial advice to clients, designing various strategies that help mitigate the client’s financial dues, within the framework of the law. The tax advisor assists in reducing liabilities and educating the client about the options available while computing taxes. A strong background in financial management is necessary for the same, as is a strong knowledge base of the country’s taxation rules and regulations.

Strategic Planning and Finance Management

The tax consultant is accountable for the strategic planning and finance management of the company and is expected to develop, plan, and execute these strategies for tax reduction in accordance with legal compliance. The consultant coordinates across various departments to chalk out a comprehensive strategy for the company that aligns with the objectives of the company while satisfying all tax service requirements.