Shenzhen Tax Advice and Tax Advisory Service
Tel: 86-755-82217392 Email: anitayao@citilinkia.com
Tax advisors use their knowledge of tax legislation to provide advisory and consultancy services to clients, ensuring that they pay their taxes in the most efficient way and benefit from any tax advantages and exemptions. They keep up to date with changing tax laws and explain complicated legislation and its implications to their clients in simple terms.
There are two main types of tax advice:
corporate - working for business clients to make sure they are not paying any more tax than is necessary;
personal - providing advice to individual clients, some of whom are private clients with large assets.
The work is detailed and complex, and tax advisors quickly develop expert knowledge in areas such as: corporate; international and inheritance tax; National Insurance; personal; trusts and estates; VAT.
Clients can include large and small companies, partnerships, trusts and individuals.
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Typical work activities
Tax advisors can work in compliance, ensuring a client meets all tax obligations by preparing and submitting tax returns, tax computations and any other necessary forms. Alternatively, they may work in consultancy, advising clients on how to minimise their tax liabilities.
The work of a tax advisor depends on the nature and size of the employer. Larger accountancy firms tend to adopt a structure that permits greater specialisation, whereas in smaller companies, the work may be more varied.
Initially, a graduate within a tax advisory role might focus on compliance activities, for example, completing tax returns and calculating the amount payable, with movement towards consultancy and specialisation as their career develops.
Typical areas of activity include:
researching, analysing and interpreting changing tax legislation in both the UK and overseas;
meeting with clients and collating information; working with tax law and revenue provisions;
preparing and submitting compliance (tax) returns by the deadline;
liaising and negotiating with HM Revenue & Customs (HMRC) on behalf of the client;
providing consultancy services to high value private clients;
creating tax strategies for clients and planning their financial futures;
carrying out detailed computations to calculate tax liability and advising on how to minimise a client's liability;
establishing and structuring family trusts;
estate planning and advising on tax residence and domicile matters;
providing guidance on indirect taxation issues such as VAT, customs planning and environmental taxes;
producing reports and presentations for clients.
Some self-employed tax advisors also offer their clients a range of accountancy services, such as bookkeeping, payroll and VAT.
Contact Us
If you have further queries in Tax Advice and Tax Advisory, please don’t hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82213974/ 86-755-82143512 or emailing toanitayao@citilinkia.com.