You have assets subject to tax, whether real estate, financial investments or even professional assets. Managing and maximizing this wealth is not always easy, especially when paying less tax. In this case, calling on a tax advisor can be an excellent solution to benefit from his professional advice and reduce his taxation legally. Find out about the role and missions of this specialist advisor.
The role and missions of the tax advisor: to support his clients in their taxation
Whether self-employed or working in an accounting firm, the role of Tax Consultancy (Steuerberatungskanzlei) is to support his clients in the management of their tax system and its declaration, to offer them the most practical solution in terms of taxation, and this legally. Indeed, he helps his private and professional clients to reduce their taxes through advice and legal options.
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To do this, he studies his customers’ assets and lists their resources to detect the legal possibilities available to them. By working in full compliance with the law, he can thus plead in favor of his client before the tax authorities and justify the tax choices made in the event of litigation or litigation.
First, the tax advisor assesses the profile of his client. To do this, it carries out an asset assessment based on a complete study of the asset situation of the latter. From this observation, he can formulate proposals and recommendations to his client to reduce his taxation.
In this context, the tax advisor can suggest to his clients, both for individuals and for professionals, to invest in financial or commercial products or to make low-risk investments such as retirement savings, life insurance or real estate investments. These investments are intended to maximize their clients’ patrimonial income and benefit from a good tax system.
The tax advisor also intervenes in the context of the declaration of income. Indeed, its mastery of tax law allows it to guide its clients to optimize the value of their assets. On the other hand, he can provide a personalized response to each of his clients because a file is unique. Its objective is to respond effectively so that its customers are satisfied and manage to reduce their taxes legally and maximize their income from assets while significantly limiting the level of risk.
The tax advisor has three primary missions:
He advises his client on investments and investments that may interest him according to his profile. It offers a personalized response adapted to the situation, profile and wishes of each client. It provides a tax and legal framework that suits the unique needs of each client.
It should be noted that the tax advisor is reimbursed in the form of fees. In addition, he can collect a percentage of the tax gain he will have obtained for his client.
Why call on a tax advisor?
It is not compulsory to hire a tax advisor, but this type of service can have real advantages.
The Tax Consultancy (Steuerberatungskanzlei) offers personalized service. It studies and analyzes the situation of each of its clients to provide them with a diagnosis and adapted solutions, in particular, according to the level of investment and risk that they are prepared to undertake.
The tax advisor supports his clients in the realization of their projects by advising and helping them. He can thus advise specific clients to opt for one investment rather than another to invest in real estate or build up savings for their retirement, etc.
As the broker, the tax advisor works for his clients and listens to them with respect and trust. He offers them a legal and fiscal framework thanks to his expert vision and his skills to make any action legal.
The tax advisor helps his clients to reduce their taxes through legal and advantageous measures. While any individual or professional can request the services of a tax advisor, it should be noted that only clients with substantial assets will find an excellent response.
The primary role of a Tax Consultancy (Steuerberatungskanzlei) is to assist his clients in their declarations and operations to find the most advantageous tax option in compliance with the law and take cognizance of clients’ resources to identify the tax consequences. And finally, to dialogue with the tax administration in the event of litigation or litigation.
Thus, the role assumed in terms of tax advice entails many missions, such as:
- Analyze the patrimonial situation by carrying out a balance sheet
- Make recommendations (life insurance, retirement savings, etc.)
- Maximize wealth-income
- Optimizing the value of heritage
The Tax Consultancy (Steuerberatungskanzlei) or tax lawyer is at the service of individuals and companies to help them see more clearly in the legislation in force concerning all tax matters (investments, customs, taxes, declarations, loans, etc.).
The family wealth management services in the UAE assists their clients in drafting and applying tax returns so that they are always in order with the tax authorities. On the other hand, the tax advisor closely monitors their client’s financial situation (income, personal and professional property). And also help him take stock, justify and update his administration so that the tax adjustment has the least possible impact.
The tax lawyer intervenes with the tax authorities in the event of a dispute or claim to defend his client’s best interests and allow them to settle disputes with the least possible financial damage. This tax expert is also there to advise his clients on various areas and enable them to optimize their taxes and their taxes and grow their capital through attractive investments.
When analyzing the benefits of hiring this tax consultancy service, we can highlight as the main advantages:
Let the business know everything they need to know. They are updating it with the regulations required to respect, or the aids and subsidies that it can request, etc.
The objective is that the company is informed of everything essential to avoid incurring possible illegalities.
- Tax advice. The figure of the tax adviser will be responsible for advising the company on all matters relating to the payment of salaries and personal income tax of workers, tax savings, quarterly VAT settlements of companies, corporate tax returns, preparation of company accounts for a possible tax audit, etc.
- 100% personalized study and treatment. The tax advisor will study all possible business problems to find the fastest and most effective solutions.
- You are saving time and money. By certain functions to the figure of the tax advisor, the company will save labour while representing an economic advantage since this expense will not count as a personnel cost.
- All procedures are up to date. A complicated task for a business is to keep all procedures and document management up to date. The tax advisor will review procedures so that the business can have been archived and adequately managed.
Conclusion: An advisor is an expert figure in the company’s business sector who can also guide them in detecting new opportunities. In addition, a company specializing in tax advice has an important network of contacts, which will facilitate the development of action or strategy for the company.
