Tuesday, August 9, 2022
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Taxation : Job Prospects & Career Options

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Jobs in Taxation is very lucrative for those applicants interested in the subject of taxes. Depending on one's academic background along with working experience in taxation, jobs can be found in all corners of the globe. As you gain expertise performing complex tax audits, opportunities increase for career advancement in the organization. From the more aggressive taxation jobs such as lawyers and criminal defense attorneys to the more laid back jobs such as filing tax returns for corporations, the range is wide in this field. Aspirants can join any organization as Tax Accountant, Employment Tax Specialists, State Local Tax Attorney specialists, Tax Policy Analyst, Tax Recruiter, tax advisor, Tax Manager, Tax Examiners, Collectors, Revenue Agents etc. One can also work independently as a consultant.

Another aspect to consider when searching for a job in taxation is what type of tax most interests you. With in tax consultation you can further specialise in fields like:

Property tax consultants: Property tax consultants are basically professionals who have good knowledge of the various Property tax rules and regulations, and cater to a set of clients who are seeking such information or advice on property taxes which may deal with landed property, commercial, residential as well as other kinds of property.

Income tax consultants: An income tax consultant or an income tax advisor is nothing but a person who helps you in filing your income tax returns every year. Income tax consultants thus are aware of the various income tax rules and provide service to clients who are individuals as well as corporates.

Business tax consultant: Business tax consultant’s area of knowledge deals with various issues relating to taxes that a business man must handle properly for his business to work efficiently and effectively. Thus a business tax consultant gives advice to business houses regarding the various business tax issues that are plaguing them.

Sales tax consultant: A sales tax consultant is a person who gives advice to his or her clients regarding the various sales tax as well as value added tax related issues for which they may be seeking clarification, information or advice.

A tax consultant's or tax practitioners primary role is to advice to his clients how to go about filing their taxes to the government. Their job also includes helping and providing complete assistance to their clients in their fundamental tax planning. Thus tax consultants have to be aware of the various tax laws which are present in the country and which will have an impact on their clients. They should be aware of the various income tax rules and regulations and the changes which are made from time to time. A tax consultant’s job is to understand the business of the company they work in and help the organization in optimizing its tax position as well as identifying and mitigating various risk areas. On the whole, the main aim of any tax consultant should be to make maximum use of all of his or her technical knowledge for the betterment of the company he is working for.

Overall a tax consultant or practitioner prepares an entity's tax returns whether it is a corporate, partnership and/or limited liability company; projects tax obligations; researches tax and compliance issues; oversees central and state audits. They typically have supervisory responsibility and help train associate accountants assigned to work on tax-related issues.

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