Licensed tax consultant vs contract preparer

Differences between licensed tax consultant and contract preparer duties and responsibilities

Licensed tax consultant example responsibilities.

• Manage the training and use of new FactSet products and enhancements with various client bases including portfolio management and performance teams.
• Review FSAR changes relate to 10 CFR 50.59 requirements.
• Perform property inspections of commercial properties and create inspection reports illustrating the physical characteristics of say properties for assessment appeals purposes.
• Gain knowledge of accounting principals, taxation policies and income tax procedures.
• Perform monthly accounting for various entities including partnerships, s-corporations, trusts and foundations

Contract preparer example responsibilities.

• Create operational efficiencies by effectively managing databases containing RFP library responses and approve responses to request revisions to form agreements.
• Create operational efficiencies by effectively managing databases containing RFP library responses and approve responses to request revisions to form agreements.
• Prepare bank reconciliations and general ledger maintenance for multiple clients using QuickBooks software.