Tax advisor vs licensed tax consultant

Differences between tax advisor and licensed tax consultant duties and responsibilities

Tax advisor example responsibilities.

• Manage a staff of six for all aspects of tax compliance, tax accounting, research, planning and IRS audits.
• Provide payroll processing, invoicing and tax support services for small consulting business using QuickBooks software.
• Assist customers with IRS correspondence/notices.
• Advise companies on international taxation law and bilateral taxation recognition regimes to identify most cost effective strategies.
• Review domestic payroll reporting metrics, ensure home/host payments are updated and reconcile for timely submission and payment.
• Start job by assisting TurboTax user's on how to enter information into the TurboTax program.

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