Tax consultants are professionals who help an individual or organization save money by making informed tax-related decisions. They usually gather information about the financial position of the clients and help to minimize the tax deductions. Tax consultants are experts in tax planning and reducing the tax liability and advise their clients to complete the tax obligations without harming or breaking any law.
They hold expertise in tax planning, tax compliance and tax law. Not just advising about the tax but also being responsible for detecting any error in the financial statements related to taxation. Moreover, they are also skilled in writing and communicating with others. The tax consultant's primary role is to file taxes for individuals and organizations.
Tax advisors ensure that the client fully understands the tax strategy. They knew all the rules and regulations about the filing of taxes under India's Income Tax Act. When the Government announces new tax-related policies, then it is the responsibility of tax consultants to remain informed about it and make necessary changes according to those policies.
Most tax consultants work in tax consulting firms, financial accounting firms, or any Government agencies. Some tax consultants work independently. There are freelance tax consultants who work online for individual clients or an organization.
There are many duties associated with a tax consultant. Here are some primary responsibilities of a Tax Consultant.
Must do regular tax research and should be up to date with current tax requirements and changes.
Should prepare tax returns and file them on time.
Informing the client about tax due for the financial year and also show if the client has paid more tax or paid in advance.
Proper tax planning.
Strategy to minimize the tax deduction.
Detecting the tax-related errors.
Make clients aware of the tax obligations.
As explained earlier, tax consultants are experts in tax filing and strategically benefiting the client by minimizing the tax liability. Hiring a tax consultant won't cost you higher. If you are hiring from a freelance marketplace like Refrens, then you can easily find and hire the freelance tax consultant at a cheaper cost. You can even hire a tax advisor for short term tax optimization.
When hiring a tax consultant, You need not worry about tax-related problems and issues. Tax consultants will take care of this by performing proper planning and detecting tax errors. Thus, you can fully concentrate on your business. Here are some benefits of hiring a freelance tax consultant.
It saves your time; you can entirely focus on your business growth and expansion.
It saves your money; one of the significant benefits of hiring a tax advisor is helping deduct the taxes.
Tax-related issues, tax preparers are experts in answering all the questions related to taxation.
Tax planning, they plan as per the policies and law amended by the Government.
Reduce audit involvement, hiring a tax consultant will look after your audit and deal with other government officials.
You can easily find a freelance tax consultant from a marketplace like Refrens. Here you can find all types of tax consultants at low cost. Some are as follows.
Write your requirement: determine the type of tax consultant you required with proper details. If you are working in a specific industry, then mention that. For example, what kind of service you need, GST registration, income tax, TDS returns, etc.
Post it on Refrens: after specifying your requirements, post it on Refrens. Once the requirement is posted, we will line up multiple vendors for your needs.
Get work done: Refrens will share the best tax consultant profiles based on your requirement; browse through the experts and select the profile that suits your project. Get your work done.
Your requirement section is where you add the scope of your project, location, industry, and specialization required. Adding proper requirements helps us to find the best-suited profile to complete your work.
What compliance and tax-related service are you looking for? - here is the section where you add the details about the service you required from the tax consultant.
Do you need someone from the local? - Some clients like to work closely with the freelancer, so they hire the tax consultants from the city. If this is the case for you as well, then you can add your preferences. At the same time, some like to get an online tax consultant.
Description - This section will add the scope of work, industry specialization, and work experience.
Scope of work includes the GST registration, company registration, annual filings, TDS return.
Industry-specific includes whether you want income tax consultant, property consultant, online consultant, GST consultant.
Work experience includes how much work has been done by the consultant, in-depth knowledge. You can easily ensure this by checking the Refrens profile of the tax consultant. You can also check the ratings given by the different users earlier.
Rates of tax consultants vary depending on experience, demand, location, expertise in a particular industry, and specialization.
An experienced freelance tax consultant may charge you higher but work faster and have years of experience and a balanced skillset in a specific industry with quality work.
A beginner will charge you less to increase the client base.
The rate will ultimately depend on the project you are working on, specifications, and industries.
It is crucial for any organization or an individual to work as per the guidelines issued by the Government, whether it be tax-related rules, TDS, ITR filing, or any other Government standards such as quality standards, environmental responsibility, corporate governance, etc.
Companies often fail to follow these rules and end up paying large penalties or imprisonment or both. Here comes the role of a diligent compliance team, accountant and CA that ensures no law is breached on the state or central level. Hiring a freelance tax professional can help you to claim large tax refunds, credits, deductions, filing your tax returns and opportunities to save money.
But finding a perfect freelance accountant that matches your requirement is a tough job. Don't worry; Refrens will find freelance expert compliance for you. Post your requirements and Refrens will quickly match you with a perfect tax professional as per the requirement and budget. We will be happy to line up the best CA's and accountants matching your requirements.
All this matchmaking service is free for you— No hidden charges. No conditions.