What Is A Tax Advisory Specialist?

A tax advisory specialist is a financial expert with advanced education and knowledge of tax accounting and tax law. Their services are used to minimize the payable tax by an individual or organization while remaining compliant with the tax law, the specifics of which can be particularly complicated for some financial arrangements. Tax advisers typically hold qualifications such as Certified Public Accountant (CPAs), tax attorney and enrolled taxation agents.

Any taxpaying entity including an individual, partnership, corporation, trust, and so on, that has a complex financial structure (for example, that has multiple investments and income subject to varying tax deductions) will call on the expertise of a tax adviser to help minimize the amount of taxes that need to be paid to a tax authority by who will apply their extensive knowledge of taxation law to ensure that only the minimum amount of required tax is paid.