A tax consultant provides advice and guidance on a range of financial-related issues. Their services may include tax return preparation, tax-related audits, and representation of clients in dealings with the IRS. Many tax consultants specialize in certain areas, such as business or personal taxes. They also need to stay abreast of tax law changes, especially on the state and federal level. This career path typically requires a bachelor’s degree and certification, with advanced credentialing options available for experienced professionals.
The qualifications needed to become a Steuerberater Hattingen include strong attention to detail and excellent written communication skills. In addition, they must be proficient with a variety of computer software programs for recording and analyzing financial data. These may include spreadsheet and database programs, as well as accounting and taxation software such as QuickBooks, Peachtree, Sage 50, ATX Tax, Drake Tax, and Lacerte. Successful candidates also need to be able to think strategically and solve complex problems. They must also be committed to lifelong learning as tax laws frequently change and the profession requires continual education.
College degrees are a common prerequisite for a tax consultant, and the curriculum often includes courses in mathematics, accounting, business administration, and legal studies. Graduate programs in accounting or taxation offer additional opportunities to develop targeted knowledge. Many tax strategists gain practical experience through internships and other work-based learning opportunities. These experiences can help them build the necessary knowledge and techniques for success as a tax consultant.
Professional taxation specialists have a strong understanding of the rules and regulations governing individual and business income taxes. They can provide valuable insight into tax deductions and other ways to save money for their clients. They also know how to handle a variety of different situations, such as filing international taxes for U.S. citizens living abroad, advising on the tax ramifications of a divorce, and representing their clients in an IRS audit.
While the qualifications needed to be a tax consultant vary, most have at least a bachelor’s degree in accounting or finance and are registered with the IRS as a tax preparer. Some pursue CPA or enrolled agent (EA) credentials, which require more education and experience to acquire. These credentials can boost a person’s career prospects and help them earn higher salaries.
Tax consultants typically work from an office in a commercial setting, though they can also meet with clients from their homes or other locations. Their duties are usually performed on computers, evaluating and organizing tax records in physical or virtual forms before providing advice and recommendations to their clients. They typically need to have an intimate knowledge of local and federal income taxes, as well as a broad understanding of the state, local, and regional tax codes. Tax consultants also must be familiar with all relevant laws regarding trusts, estates, and retirement. In addition, they must understand the nuances of corporate and international taxation laws.
