Scroll Top


    Tax Advisor

    Who is a Tax Advisor?

    A tax advisor is an individual who is a financial expert holding specialized tax accounting, tax law knowledge, and know-how. In complicated financial cases, the services of a tax advisor are typically retained to reduce the tax payable while staying compliant with the law. Tax consultants may include tax attorneys, Certified Public Accounts (CPAs), licensed agents, and some financial consultants. A tax advisor is also called a tax consultant.

    What Does a Tax Advisor Do?

    A tax advisor can work either for an agency or can be self-employed. In both ways of employment, they are given the task to find out effective ways of legally bringing down the tax liabilities for clients, estimating taxes on different investment portfolios, determining the right relevant deductions and credits, etc. They can also write tax returns for their customers and file them. A taxpayer who has faced a major life event—such as the death of a spouse, marriage, divorce, child birth or adoption, the purchase of a new home, job loss, inheritance, and more—would be prudent in seeking a tax advisor's services.

    Let's Understand Who a Tax Advisor is in Detail

    A tax paying entity, such as a person, company, business, trust, etc., with a complex financial circumstance (example: complex investments and deductions) that seek a tax advisor's expertise to help minimize the amount of taxes payable to the taxing authorities.

    The advice and services rendered by a tax advisor can vary depending on the situation of the taxpayer. An individual who is planning for retirement will receive a different advice as compared to an entrepreneur who is looking to set up a shop. Even a real estate investor is likely to have a different tax requirement from a commodities trader.

    Deals between a tax advisor and a company seeking to combine with or acquire another business may differ from its professional relationship with an executor of the estate seeking to minimize taxes on the land.

    Popular Topics

    Latest Articles

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use


    ISO 27001

    Data Center


    SSL Certified Site

    128-bit encryption