What Does a Tax Consultant Do?

A tax consultant works with clients to address and resolve complex tax issues, such as filing tax returns and addressing questions from the IRS. They assist individuals and small businesses with tax planning, research and preparation, and represent clients during audits. In this role, they must remain current on changes in tax law and regulations. Tax consultants may specialize in specific industries, such as healthcare, real estate, and retail.

When choosing a tax consultant, it is important to check their credentials, licenses and experience in the field. It is also a good idea to request referrals from trusted sources and interview candidates before making a decision. It is important to evaluate their fee structure as well. Some consultants charge an hourly rate, while others use value-based pricing, which places the client’s needs at the center of their service.

The primary job duties of a tax consultant are to provide guidance on complex financial matters, including the impact of mergers and acquisitions and commercial transactions on taxes. This role requires excellent analytical and critical thinking skills as well as strong communication abilities. Since tax consultant professionals often work with large numbers of documents, they must have an eye for detail and the ability to spot any inconsistencies.

A career as a tax consultant is highly specialized, and many professionals choose to focus on a particular industry or sector. The qualifications and education that a person must have to be successful as a tax consultant include accounting skills, an in-depth understanding of tax laws and regulations, and business strategy. In addition to these skills, a professional should also have great attention to detail and the ability to perform under pressure. Steuerberater