Tax advisor: a key profession for business success

We are increasingly aware that meeting tax obligations and maximising financial performance is critical to the success of companies. Therefore, in an environment full of uncertainty, tax and accounting advice has taken on a leading role. Businesses and individuals alike need professionals to guide them through a complex and changing tax landscape.
 

In this article, we will explore the role of the tax and accounting advisor, their importance in financial management and job opportunities in the sector, as well as the need for specialised training such as a Master's Degree in Tax Consultancy. Do you want to know all about this profile? Read on!
 

What is a tax advisor?

A tax advisor is a professional specialised in providing tax advice and management, helping their clients to comply with tax obligations in an efficient and legal manner. In addition to preparing and filing tax returns, these experts design strategies to minimise the tax burden through tax savings within the legal framework.
 

Tax advisors work with both companies and individuals, and in many cases, they also have expertise in international taxation, enabling them to advise clients operating in multiple jurisdictions.
 

In this context, tax management is a critical issue for both companies and individuals. An error in the interpretation of tax laws or in the presentation of annual accounts can lead to significant penalties from the tax authorities, seriously affecting finances. This is where tax advice plays a crucial role, helping organisations and individuals to comply with their tax obligations while optimising their tax situation.
 

Tax advice for businesses

For companies, having a tax and accounting advisor is not only useful for complying with corporate tax, value added tax (VAT) or other excise taxes, but also for planning corporate restructuring, managing transfer tax and organising tax consolidation in the case of consolidated groups. Tax advisors can help to identify areas of tax savings and to avoid costly mistakes affecting the economic activity of the company.
 

Tax consultancy for individuals

For individuals, tax advice for individuals focuses on the correct planning and filing of personal taxes, such as income tax, wealth tax and inheritance and gift tax. Having a good tax advisor can make all the difference in avoiding penalties, optimising the tax base and achieving maximum tax savings. The professionals also guide their clients through the tax procedures in case of audits by the tax authorities.
 

Tax accounting consultancy: a holistic approach

A holistic approach combining tax and accounting advice is essential for good financial management. Tax experts who are also experts in accounting not only ensure compliance with tax and accounting obligations, but also provide a clear and accurate picture of their clients' financial situation.
 

Proper bookkeeping is vital for any company or individual with economic activities. The tax advisor who is also an expert in accounting advice can take care of the recording and analysis of economic transactions, the preparation of annual accounts and the submission of the necessary reports to the commercial register. This ensures that the company's books are always in order, providing key information for decision-making and compliance with legal regulations.
 

Tax and accounting advice for family businesses

Family businesses face unique tax and accounting challenges. From the correct application of specific regulations such as inheritance tax, to planning to avoid conflicts in the transfer of wealth, tax advisors play an essential role in ensuring the stability and continuity of this type of business.
 

In addition, they help business families to optimise their international taxation and to adapt to the regulations governing taxation and accounting in their region, taking into account the particularities of each region.
 

Career opportunities for tax advisors and accountants

The increasing complexity of the global tax environment has increased the demand for tax and accounting professionals around the world. Tax advisors are essential both in specialised firms and in internal departments of companies that need to manage their tax obligations and ensure compliance with the tax authorities.
 

In this respect, advisors with experience in international taxation and in the management of consolidated groups are particularly sought after by large corporations.
 

In addition, tax advisors and accountants can find job opportunities in sectors such as labour consultancy and tax administration, offering a comprehensive service covering all aspects of tax management and corporate restructuring.
 

In financial terms, the salary of a tax advisor varies according to their experience, specialisation and the size of the company or firm in which they work. Professionals working in tax consultancy for large companies or managing international taxation can earn more than 60,000 euros per year, while advisors working with individuals or small companies usually earn between 25,000 and 45,000 euros per year.