Tax consultant

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03 January 2012 How to become a tax consultant

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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03 January 2012 In my personal opinion, If you have an ambition to become a tax consultant then it’s important that you clearly understand all the duties of a tax consultant. The list of duties can be listed as follows.
1. Act fairly and with a higher degree responsibility with Internal revenue service

2.Knowledge of all prevailing tax laws and advising the clients regarding the accuracy of their documents and related penalties.

3.Advice on the best practice when preparing and submission of documents to Internal Revenue Service.

4.Check for standard of practice of company or individual’s tax documents

5.Evaluation of reasonableness of assumptions made in tax calculations and determining the relevant facts and arriving at conclusion supported by the laws.
6.Clear communication with the client regarding the terms of the engagement, etc With the duties identified, it’s clear that this is a professional area where you need specific professional qualifications to be successful. The qualifications can be anything from finance degree from a reputed university to some other qualification from a chartered body. However what is important most in this profession is the practical experience in the field. This would help you to identify the absolute clear view on the duties and responsibilities that you would have to take as a tax consultant.
Apart from the qualifications it’s also important that you have very good knowledge on the environmental factors as well in touch with seniors consultant and relevant Notification and circular publish by government as per time to time. These may include changes in tax rules and change in other government rules that might affect the client businesses or individuals. advise of eminent expert also invited in this matter be highly appreciated.
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