A tax advisor is a central point of contact for companies and private individuals in all tax matters. The role requires in-depth specialist knowledge and a deep understanding of complex tax law as well as the ability to develop customised solutions. Below you will learn about the responsibilities of a Tax Advisor and the expertise required for a successful career in this field.‍

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Tasks of a Tax Advisor

A Tax Advisor provides comprehensive advice on tax matters to companies and individuals. The main tasks include:

1. Tax planning and optimisation: A tax advisor helps companies to minimise their tax obligations by developing sound tax strategies. This includes analysing annual financial statements, considering tax advantages and recommending optimisation measures.
2. Preparation of tax returns: A core task of the tax consultant is the timely and correct preparation of tax returns for companies and private individuals. In doing so, all relevant tax regulations must be observed.
3. Representation before tax authorities: A tax advisor represents their clients before tax offices and other tax authorities. This also includes handling appeals and communicating during tax audits.
4. Advice on international tax issues: Companies that operate globally often require specific advice on international tax law. A tax advisor provides support in resolving cross-border tax issues and minimising tax risks.
5. Support for company formations and restructurings: A Tax Advisor advises start-ups and established companies on the tax aspects of start-ups, mergers and reorganisations.
6. Annual financial statements and balance sheets: In addition to providing tax advice, a Tax Advisor also prepares annual financial statements and audits balance sheets in order to identify tax advantages and document them in a legally compliant manner.

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Expertise of a Tax Advisor

The expertise of a tax advisor is made up of various professional and personal skills:

1. Comprehensive knowledge of tax law: A deep understanding of national and international tax law is essential. A successful tax advisor must constantly keep abreast of current legislative changes and tax law developments.
2. Analytical skills: Analysing complex tax issues requires a high degree of analytical thinking. A tax advisor must be able to draw the right conclusions from extensive data and regulations and develop customised solutions.
3. Communication and negotiation skills: Successful representation before authorities and advising clients requires clear communication and negotiation skills. A tax advisor must be able to explain complicated issues clearly.
4. Reliability and accuracy: Tax matters are highly sensitive and mistakes can have costly consequences. A tax advisor therefore always works with the utmost precision and care.
5. IT skills: Modern tax advisory processes require the use of specialised software and tools. An adept use of tax programmes, accounting software and Excel is an important skill for a tax advisor.

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Why a Tax Advisor is indispensable for companies

In an increasingly complex tax world, the role of the tax advisor is becoming more and more important for companies and private individuals. Wrong tax decisions can cause high financial losses. Professional tax advice can not only minimise risks, but also uncover potential for tax optimisation.

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