An excellent place to start your search for a suitable candidate is with professional bodies such as the Institute of Chartered Accountants and The Institute of Certified Public Accountants. These organizations provide relevant qualifications and support their members through a continuous professional development scheme.
Most large firms have specialist tax departments and offer opportunities for suitably qualified candidates. These roles are usually in compliance, planning or project and advisory work. As a qualified tax advisor, you’ll be responsible for ensuring your clients’ businesses are compliant with government policies and can maximise their tax allowances.
Ask for recommendations.
If you’re interested in becoming a tax advisor UK, it is best to ask for recommendations from people who have used a particular firm. They will be able to give you a good idea of how well the tax adviser or accountant does their work and the type of services they provide.
The qualifications that a tax adviser needs to work in the UK include the Association of Taxation Technicians (ATT) Certificate, which covers personal and business tax, and the Chartered Tax Adviser (CTA) qualification from the Chartered Institute of Taxation. This is the highest level tax qualification in the UK. Trainees spend their early years studying towards these qualifications and balancing their work and studies. Some firms offer flexi-working to help their trainees maintain a healthy balance between work and study.
Check their qualifications.
The tax system in the UK is one of the most complex in the world. With new tax rules coming out on a daily basis, you need to make sure that your accountant is up to date and knowledgeable.
A tax advisor can help you to plan your financial future and minimise your tax liabilities in a legal and proper way. They will know all the tax structures, loopholes and tax breaks in detail, so that you can benefit from them to pay the lowest amount of tax possible.
Chartered tax advisers are seen as the gold standard for professional tax advice. They have the most comprehensive understanding of all aspects of taxation and are accredited through governing bodies such as ATT or CIOT.
One of the best ways to find a tax adviser is by reading reviews. They can be found on the internet or from recommendations from friends and family.
Alternatively you could try your local chamber of commerce or professional services firms. These often have vacancies for tax advisers.
A top notch tax advisor will be able to show you how to save money on your taxes, advise you on the benefits of a pension scheme or help you choose the best investments. They may also be able to explain all the rules around the new UK tax system and how it will impact you and your business. You should be able to read their credentials and get a quote for their services. Having said that, it’s a good idea to do your research first and ask lots of questions to ensure you have the best service.
Ask for a quote.
Asking for a quote is a key part of the vendor selection process. It helps you determine whether their pricing is competitive and if they align with your needs.
Quoting is a serious business process and needs to be done correctly. A well-written, detailed quote can win work and build your customer database, as well as protect your business from legal and financial risks.
A good quote will include a cost breakdown and explain why the quoted price is fair. It should also include a date of issue and a dated ‘sign here’ statement that allows the customer to confirm that they accept the terms and conditions of the quote before continuing with the job.