Roles and tasks of tax specialists
Tax specialists are qualified experts who work in the field of corporate taxation. They are responsible for analysing and implementing appropriate tax strategies for an organisation. They provide advice on how to reduce taxes and maintain a solid tax structure. They are also responsible for ensuring compliance with the tax laws in force. The main roles and missions of a tax specialist are :
- Tax assessment and planning: Tax specialists are responsible for tax assessment and planning. They can help a company reduce its tax bill and find strategic solutions to reduce its tax obligations.
- Preparing tax returns: Tax professionals are responsible for preparing and submitting tax returns and other required tax forms.
- Advice on tax rules: Tax specialists advise on the tax rules and tax statutes in force and the consequences of legislative changes. They help inform clients about new tax laws and their implications for their businesses.
- Ensuring compliance with tax laws: Tax specialists are responsible for ensuring that their organisation complies with applicable tax laws. They are responsible for ensuring that tax returns and payments are made on time.
- Audit and advice: Tax specialists work with external auditors to verify the compliance of the organisation's tax returns and enable them to benefit from available tax credits and exemptions. They can also advise on complex tax issues.
- Communication and training: Tax professionals can help employees understand complex tax concepts and implement appropriate tax strategies. They may also organise seminars and presentations to inform clients of new tax developments.
Salary and career development
The salary of a tax professional varies widely, depending on a number of factors, such as region, type of firm, years of experience, etc. According to a study by the Banque de France, the gross annual salaries of tax specialists are as follows:
- 0 to 2 years: between €27,000 and €39,000
- 2 to 5 years: between €33,000 and €45,000
- 5 to 10 years: between €41,000 and €53,000
- 10 to 15 years: between €49,000 and €61,000
- Over 15 years: between €56,000 and €68,000
Tax specialists can also move into a number of different professions, such as :
- Lawyer
- Tax consultant
- Financial analyst
- Lawyer
- Wealth management advisor.
