A tax advisory specialist is an expert in financial matters that specifically relate to taxation law. They are well versed in the system of rules and regulations that govern the taxation that must paid on economic transactions. They are used both by individuals and companies to interpret issues related to taxation law with the aim of minimizing the amount paid.
Because of the changing nature of tax obligations a tax adviser need to constantly update their knowledge in order to provide the best advice. They need to provide financial advice related to taxation to clients in an easy to understand form. They are responsible for creating strategies to pay the correct amount of taxation and no more. They are often involved in preparing tax returns and sometimes also offer general accounting services as part of their taxation financial advisory role.