In this article, we will explain what tax consultancy is.
Before going into the merits of the issue we must first of all explain that tax consultancy and tax consultancy are the same thing.
These are two different terms that refer to consultancy on taxation and duties (more commonly called taxes).
- What is tax consultancy?
The important thing when purchasing a tax consultancy service is to first understand what you need.
What type of company do you have? Do you have a sole proprietorship, a partnership, or a joint-stock company?
Do you produce goods or provide services?
What turnover does your company have?
What type of
- business does your company specialize in?
- Does your company operate in the international market?
- Do you have staff dedicated to fiscal and tax compliance in your company?
We ask these questions because the tax consultant (accountant or tax lawyer )
must be chosen based on a whole series of considerations and specificities: choosing tax consultants is not easy!
If, for example, your company operates mainly in the national market and has a not very high turnover, you will have to choose a 360-degree consultant who will follow your company both in terms of declaration obligations and in terms of tax consultancy. and tax.
If, however, you have multiple companies – with a significant turnover that perhaps operate in the international market and export all over the world – you probably need a corporate tax consultant or a tax lawyer who is more specialized in VAT and customs matters.
Having made this clarification, we will now explain how many types of tax consultancy exist.
- Ongoing tax and administrative consultancy
- Ongoing fiscal and tax consultancy mainly concerns
- Accounting and tax obligations
This is the most widespread type of consultancy in Italy, whose entrepreneurial fabric is mainly made up of SMEs.
This type of consultancy, related to the financial statement closing activity, is carried out by the accounting services in Dubai. There is a second type of ongoing tax consultancy – the so-called day-by-day consultancy – necessary for those companies that already have staff in the company who take care of tax obligations. This type of consultancy aims to provide support to company staff dedicated to tax obligations.
What does the tax consultant do?
The tax consultant – tax lawyer or chartered accountant – helps companies find the best solution from a fiscal and tax perspective.
- Extraordinary tax consultancy
Extraordinary tax consultancy is, however, a type of consultancy that is not needed continuously but only at certain times during the life of the company. Let’s see what it’s about.
Consultancy in tax litigation: it is a type of assistance and consultancy – carried out by tax lawyers and accountants – necessary when the Revenue Agency notifies you of an assessment notice, asking you for higher taxes, penalties, and interest.
Consultancy during the tax audit phase: it is a type of fiscal and tax consultancy that is needed when the Financial Administration or the Financial Police carry out a tax audit in the company.
Consultancy on M&A and corporate reorganizations: it is a type of tax consultancy aimed at the planning and implementation of national and cross-border corporate reorganization operations such as mergers, demergers, acquisitions, transfers of residence, and other extraordinary operations.
International tax consultancy: it is a type of consultancy that is needed by very structured companies, with very important turnovers, which operate in the international market through stable organizations to carry out correct international tax planning.
Conclusions
- We have tried to explain in a few words what tax and tax consultancy is.
- This is a very simplistic subdivision, but it can already give a basic idea from which to start when choosing the right consultant.
- The truth is that for every need every tax law firm has its specificity: tax consultancy must therefore be chosen with care.
- This article has a purely informative and informative purpose.
- The considerations expressed therein do not necessarily apply to your specific case.
If you need more information, ICV Certificate