Tax advisory is a specialized area of tax accounting that involves providing guidance and advice to individuals and businesses regarding tax-related matters. Tax advisors work with clients to help them understand and comply with tax laws and regulations, minimize their tax liabilities, and take advantage of available tax credits and deductions.
Tax advisory services may include tax planning and strategy development, preparing and filing tax returns, representing clients in tax audits and disputes, and providing advice on various tax-related issues, such as estate planning, international tax matters, and transfer pricing. Tax advisors also stay up-to-date on changes to tax laws and regulations, and help clients navigate complex tax codes and regulations to ensure compliance and minimize risks.
Overall, tax advisory services help clients make informed decisions about their finances, minimize their tax liabilities, and effectively manage their tax-related risks.
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