What are the differences of tax consulting versus tax compliance?
This post answers the questions. It is more intended as a basic knowledge about tax services available which may helpful to both tax services users and tax pro wanna be. To the tax pro wanna be, this post may give a better [more effective] direction to which area your tax—career path should be warded to. And by knowing these tax services terms, a tax services user may get a little clue to least know where they should go for some tax services they are looking for. Read on… Throughout this post we are going to use the term “tax consultant” interchangeably with “tax professional [tax pro]”, “tax practitioner”, and “tax advisor.” In other words, they are lumped together all of the services of individuals who offer their tax expertise to clients on a fee basis. Within the industry, services are classified as tax return preparation (compliance) and tax consulting. Tax compliance is the process of reporting past transactions, while tax consulting generally involves planning for future transac
