What Does a Tax Consultant Do?
A career as a tax consultant includes working with clients to devise a strategy to save money by utilizing tax credits and deductions. Ultimately, tax consultants help their clients to save by helping the may wise financial decisions. Their main function is to ensure that their clients, who may be individuals or businesses, comply with tax laws and regulations. Also, by using their knowledge of tax laws they determine what a client may owe, after applying any tax credits, deductions, or adjustments.
How Can I Start a Career as a Tax Consultant?
While tax consultants don’t require a specific degree, most hold a bachelor’s degree in accounting or finance. Additionally, employers highly value on site job experience in a related field. Professionals who report tax returns must be registered with the IRS as a tax return preparer. The Corporate Minority interviewee, Ashia Thompson advises aspiring consultants to first stay current with new tax laws. Since tax law is constantly changing, it’s important to keep up with it as new laws roll out. You can do this by subscribing to business oriented news outlets. Secondly, Ashia advises students working towards a career as a tax consultant to become detail oriented. Ensuring that your work is error free builds trust between you and your clientele. Lastly, be resourceful, having the ability to quickly problem solve will allow you to grow in your career.
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