Tax Advisor

Death and taxes—the only two sure things in life. But while the first may be out of our hands, we can do a lot to ease the pain of the second. When a company, individual, corporation, partnership, or other taxpayer has complicated investments and deductions, they can seek out a Tax Advisor to help minimize the amount of tax they pay.

As a Tax Advisor, you evaluate each client’s situation, and advise them about ways that they can lower their tax bill. For individuals, that might mean investing in college funds, real estate, retirement accounts, or other commodities that provide tax savings. You explain the difference between a 401k, IRA, and Roth account so they can decide which one is the best option for them. You also ask questions about home office expenses, use of personal or business vehicles, equipment purchases, and financial goals for the future.

For businesses, you offer similar advice and consider additional options, such as restructuring the organization for tax advantages, implementing or eliminating employee benefits (such as health insurance plans), or reevaluating the tax codes as they apply to the company.

Regardless of who your client is though, your job as a Tax Advisor is to be ethical and honest as you search for ways to make sure your client fulfills their tax obligations while paying the least amount allowed by the law. You calculate taxes owed, advise changes for future benefits, and file documents with the state or federal government.