Several organizations that are looking to expand the business need tax advice as to how to set up branches, tax implications in different states etc. As business operations increase, the role of tax consultants in enhancing the financial efforts becomes vital.
An ideal tax consultant helps both business as well as individual entrepreneurs pay their taxes & prepares their tax returns. A tax consultant needs to have the mastery in tax laws with in & out knowledge of all the latest updates. The primary role of a tax consultant is to ensure that their client complies with all the tax obligations. It is the responsibility of tax consultant to help their clients submit the documents to the government office of the internal revenue service.
Besides having an impeccable ability to handle numbers, those who are aspiring to pursue the career in tax consulting should possess knowledge of how businesses work & have to be quick at problem solving.
They must also develop excellent communication skills for being able to work closely with clients.
“The tax and regulatory environment in India is undergoing unprecedented changes. As the Goods and Services Tax Bill or GST Bill gets readied for clearance, several tax treaties are being revised, and changes are being brought about in the domestic tax law and allied regulations. Tax advisors have an important role to play in advising clients on the tax implications arising out of business transactions and ensuring that clients are well versed with tax laws,” says Vikas Vasal, partner-tax, KPMG in India.
There are a huge number of career opportunities for tax consultants ready to hit the market in the near future.
A tax consultant can operate with an individual practice of working for an accounting, law or financial consulting firm. Their tax practicing services are required by organizations during mergers & acquisitions too.
The taxation course churns out the tax consultants who later become industry experts in the tax laws of the nation. Thus, for the aspirants who wish to become a tax consultant, it is of utmost importance for them to complete the course of taxation that encompasses all the laws related to tax, upcoming income tax, tax rules & much more.
The aspirants having a sound mind & flawless knowledge of taxation are appointed as tax consultant, revenue managers, tax accountant, tax analyst, tax recruiter, tax advisor, tax examiner, property tax consultants, business tax consultant, income tax consultant, tax manager & collectors. Furthermore, in extension to the above mentioned career opportunities, the aspirants have choice of choosing the career as lawyer, tax counselors & defense attorneys. Tax professionals in the Indian revenue service industry hold the top positions. They are the professionals who have immense knowledge & have gone par their responsibilities.
An ideal taxation course provides lucrative job opportunities that make for a bright future. Candidates who get certification courses with updated knowledge in taxation are open to attract jobs in any leading company, brank, office, institute, college, government office etc. Additionally, one can get a job in taxation anywhere in the world. The candidate can be a tax advisor, employment tax specialist, tax examiner, revenue agents, collectors, tax policy analyst, tax manager, state local tax attorney specialist etc. Also, one can work independently by establishing his own firm.
The salary of as a tax consultant – fresher, ranges from around Rs. 25,000/- per month & increases mainly with the experience & updated knowledge in the field. More the experience you have, more your salary increments happen, to somewhere around Rs. 75,000 per month.
IIPTR – Initiative Institute of Professional Training &Research employs a faculty of professional taxation training experts who come with 15+ years of industry expertise. This faculty helps students get matchless knowledge, education & training with hands – on experience in the field. Our Tax Consultant course is highly professional & delivers updated knowledge.
Becoming a successful tax consultant is not a rocket science. An aspirant must be a hard worker who is determined to achieve the goal of becoming a tax consultant. It is important for the aspirant to complete his training from a renowned institute – https://iiptr.com/tax-consultant-course/