Tax Advisor Business & Administration Professionals
SaveWhat Does a Tax Advisor Do?
Tax advisors use their expertise in tax legislation to provide commercially-focused advisory and consultancy services to a wide range of clients from all economic sectors. They explain complicated tax-related legislation to their clients and assist them in ensuring the most efficient and beneficial payment of taxes by devising tax-efficient strategies. They also inform them of fiscal changes and developments and may specialise in tax strategies concerning mergers or multinational reconstruction for business clients, trust and estate taxes for individual clients etc.
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Value-added Tax Law
Taxes imposed on the purchase prices of goods and the legislation that governs this activity.
These are common skills for this role, based on a European framework. Requirements vary between jobs, including in the UK. Real-world experience matters more than ticking every box - use this as a guide, not a checklist.
Skills You Need to Become a Tax Advisor
Essential Skills
Essential Skills
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EssentialValue-added Tax Law knowledge
Taxes imposed on the purchase prices of goods and the legislation that governs this activity.
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EssentialTax Legislation knowledge
Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.
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EssentialAdvise On Tax Planning skill
Advise on appropriate strategies to include taxes in the overall financial plan in order to reduce the tax load. Advise on questions related to tax legislation and provide advise on …
Course recommendations coming soon.
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EssentialAdvise On Tax Policy skill
Advise government officials on changes in tax policies and procedures, and the implementation of new policies on a national and local level.
Course recommendations coming soon.
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EssentialCalculate Tax skill
Calculate the taxes which have to be paid by an individual or organisation, or paid back by a governmental institution, compliant with specific legislation.
Course recommendations coming soon.
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EssentialDisseminate Information On Tax Legislation skill
Provide advise on the possible implications for companies or individuals on decisions regarding tax declaration based on tax legislation. Advise on the favourable tax strategies that could be followed depending …
Course recommendations coming soon.
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EssentialInterpret Financial Statements skill
Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the …
Course recommendations coming soon.
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EssentialManage Personal Finances skill
Identify personal financial objectives and set up a strategy to match this target in seeking support and advice when necessary.
Course recommendations coming soon.
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EssentialObserve Confidentiality skill
Observe the set of rules establishing the nondisclosure of information except to another authorised person.
Course recommendations coming soon.
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EssentialPrepare Financial Statements skill
Collect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting …
Course recommendations coming soon.
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EssentialPrepare Tax Returns Forms skill
Totalise all the deductible tax collected during the quarter or fiscal year in order to fill tax return forms and claim it back to the governmental authorities for declaring taxation …
Course recommendations coming soon.
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EssentialInform On Fiscal Duties skill
Inform organisations and individuals on their specific fiscal duties and the legislation and regulations involving fiscal processes, such as tax duties.
Course recommendations coming soon.
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EssentialInspect Taxation Documents skill
Inspect files and documentation dealing with taxation cases to ensure no faulty or fraudulous activity is present, and to ensure the procedure is compliant with legislation.
Course recommendations coming soon.
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EssentialInspect Tax Returns skill
Inspect the documents which declare liability for taxation which is not automatically withheld from wages and salaries to ensure correct taxes are being paid by the liable individuals and organisations.
Course recommendations coming soon.
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EssentialResearch Taxation Procedures skill
Research the procedures which regulate taxation activities such as the procedures involved in the calculation of tax for organisations or individuals, the taxation handling and inspection process, and tax returns …
Course recommendations coming soon.
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EssentialSecure Sensitive Customer's Information skill
Select and apply security measures and regulations related to sensitive customer information with the aim of protecting their privacy.
Course recommendations coming soon.
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EssentialSign Income Tax Returns skill
Revise, file, and act as a guarantee reference that the income tax returns are in order and according to the governmental requirements.
Course recommendations coming soon.
Optional Skills (5 of 25 displayed)
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OptionalInternational Financial Reporting Standards knowledge
The set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements.
Recommended Books
3 books -
OptionalLegal Terminology knowledge
The special terms and phrases used in the field of law.
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OptionalAccounting Entries knowledge
The financial transactions recorded in accounting systems or books of a company together with the metadata linked to the entry such as the date, the amount, the accounts affected, and …
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OptionalCadastral Taxation knowledge
The taxation legislation concerning real estate and real property's metes-and-bounds of a community.
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OptionalBusiness Management Principles knowledge
Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.
No book recommendations available yet.
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OptionalCommercial Law knowledge
The legal regulations that govern a specific commercial activity.
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OptionalInternational Taxation Of Transfer Prices knowledge
The requirements and regulations of the transfer prices of goods and services between legal entities, especially in an international setting.
Recommended Books
2 books -
OptionalCivil Law knowledge
The legal rules and their applications used in disputes between different parties.
Recommended Books
1 book -
OptionalFraud Detection knowledge
The techniques used to identify fraudulous activities.
No book recommendations available yet.
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OptionalNational Generally Accepted Accounting Principles knowledge
The accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.
No book recommendations available yet.
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OptionalLegal Department Processes knowledge
The different processes, duties, jargon, role in an organisation, and other specificities of the legal department within an organisation such as patents, legal cases, and legal compliance.
No book recommendations available yet.
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OptionalAdvise On Efficiency Improvements skill
Analyse information and details of processes and products in order to advise on possible efficiency improvements that could be implemented and would signify a better use of resources.
Course recommendations coming soon.
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OptionalAdvise On Financial Matters skill
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
Course recommendations coming soon.
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OptionalAdvise On Legal Decisions skill
Advise judges, or other officials in legal decision-making positions, on which decision would be right, compliant with the law and with moral considerations, or most advantageous for the adviser's client, …
Course recommendations coming soon.
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OptionalCheck Official Documents skill
Check an individuals' official documentation, such as driver's licenses and identification, to ensure compliance with legal regulations, and to identify and assess individuals.
Course recommendations coming soon.
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OptionalCompile Legal Documents skill
Compile and collect legal documents from a specific case in order to aid an investigation or for a court hearing, in a manner compliant with legal regulations and ensuring records …
Course recommendations coming soon.
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OptionalConduct Financial Audits skill
Evaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governability.
Course recommendations coming soon.
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OptionalMake Strategic Business Decisions skill
Analyse business information and consult directors for decision making purposes in a varied array of aspects affecting the prospect, productivity and sustainable operation of a company. Consider the options and …
Course recommendations coming soon.
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OptionalManage Payroll Reports skill
Maintain personnel records as well as payroll reports. Record evaluations, promotions or disciplinary actions.
Course recommendations coming soon.
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OptionalPrepare Financial Auditing Reports skill
Compile information on audit findings of financial statements and financial management in order to prepare reports, point out improvement possibilities, and confirm governability.
Course recommendations coming soon.
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OptionalProvide Legal Advice skill
Provide advice to clients in order to ensure that their actions are compliant with the law, as well as most beneficial for their situation and specific case, such as providing …
Course recommendations coming soon.
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OptionalUse Consulting Techniques skill
Advise clients in different personal or professional matters.
Course recommendations coming soon.
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OptionalCollect Tax skill
Collect the amounts due to be paid to the government by organisations and individuals, following the regulations and correct calculation, ensuring no one pays more or less than they are …
Course recommendations coming soon.
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OptionalDevelop Taxation Policies skill
Develop new policies dealing with taxation procedures based on prior research, which will improve the efficiency of the procedures and their influence on the optimisation of government revenue and expenditures, …
Course recommendations coming soon.
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OptionalNegotiate In Legal Cases skill
Negotiate on the client's behalf during the treatment of a legal case in order to obtain the most beneficial outcome for the client, and to ensure that all decisions are …
Course recommendations coming soon.