Licensed tax consultant vs corporate tax preparer

Differences between licensed tax consultant and corporate tax 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

Corporate tax preparer example responsibilities.

• Answer clients' accounting, QuickBooks, and tax concerns.
• Handle all sales, franchise, payroll, and income tax reporting requirements, as well as, relate accounting spreadsheets.
• Assist clients in responding to IRS letters.
• Assist the manager in computing estimate tax payments and extension requests for all subsidiaries base on apportionment factors.
• Reconcile and analyze various defer accounts and create necessary tax adjustments.
• Prepare individual tax returns in a timely manner-assist with account reconciliations for clients-help track basis for clients-update clients fix asset accounts
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