Tax Consultant Near Me: How to Find the Right One –PillarWM

Tax advice is often sought by high-net-worth and ultra-highnetworth investors who are constantly searching for tax-saving solutions. With a high salary, though, you’ll need proven strategies from a consultant who has dealt with high-value portfolios before. That is why many investors choose to hire a tax consultant near me who is knowledgeable and skilled in that field. If you want to invest more than 5 million dollars’ worth of assets, you can benefit from all the expert insights you can get. You can request a copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning – For Families With Liquid Investable Portfolios Between $5 Million and $500 Million, which can help guide you in your tax and financial planning.

STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

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Pillar Wealth Management has worked with high net worth and ultra-high net worth clients for more than six decades. As a fiduciary, fee-only, independent private wealth management firm, we have the skills and expertise that you need to manage your finances and your taxes. Our wealth managers have the experience of working with investors who are looking to invest between 5 million to 500 million dollars in liquid assets. They can use tax-loss harvesting strategies to help save your money and manage your wealth. If you’re interested in learning more about how we can help you with our tax advice, feel free to call us up and schedule your first meeting.

When you look for any financial consultant, you need to keep in mind that this person will be in charge of your financial life. Therefore, this decision is vital to your financial health and peace of mind. It is better to be prepared with tax consultant interview questions and answers, and ample information on income tax consultant fees, and more. In this article, we will discuss everything you should know before hiring a tax consultant near me.

Table of Contents
Who Are Tax Consultants? Who Can Give You Tax Advice? Why Do You Need A Tax Consultant Near Me? Finding A Tax Consultant Near Me for Tax Advice Final Thoughts

Who Are Tax Consultants?

Tax consultation aids people in making well-informed decisions on tax matters. Tax consultants use their knowledge to assist clients in complying with tax laws and maximizing the benefits of adjustments, exemptions, deductions, and credits that enable them to retain more of their income.

They conduct interviews with clients to learn more about their financial conditions and develop strategies to help them minimize their tax burden by using tax deductions and credits. Tax advisors ensure that their clients comply with the law and meet their tax liabilities.

They are skilled in reading complicated legal documents, dealing with numbers, coordinating with others, and paying close attention to details. Good legal analysis skills and knowledge of treaties, legal codes, government legislation, and organization rules are also their strong suits.

Tax consultants should be able to communicate effectively, think critically, and solve complex problems. They must have outstanding communications and customer service skills, and they should be able to listen to people in order to comprehend their financial conditions and the manner of assistance they need.

Tax consultants are employed by a number of companies, including specialty tax consultancy firms, public accounting firms, and law firms, with their own tax practices. Furthermore, they are also hired by government departments at the local, state, and federal levels to work in corporate tax offices for U.S. and foreign companies, as well as several foundations and nonprofit organizations.

Income tax preparers, registered officers, licensed income tax preparers (CTP), master tax consultants, tax preparers, tax partners, corporate tax preparers, and tax specialists are all examples of tax professionals. Some tax consultants focus on specific fields of taxation, such as income tax, corporate tax, or foreign tax.

Tax planning can be an overwhelming process when you don’t know what you’re doing or if you have more than 5 million dollars to invest. If you would like to learn about our insights on the topic, you can request our book,7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning – For Families With Liquid Investable Portfolios Between $5 Million and $500 Million.

What Can They Do?

When it comes to the employee vs. consultant tax issues, most times, you’re better off working with a consultant rather than an employee working in a firm or bank. Consultants have more control over who they choose as their clients, and as a result, they are not overworked like regular employees.

A tax consultant near me can assist clients with practical issues such as establishing trusts, handling rental income taxes and comprehending the tax ramifications of births, deaths, marriages, divorces, partnerships, and other life circumstances. They gather pertinent financial and tax information, such as your allowances, taxable income, and deductible expenses, through interviews.

Tax advisors also prepare clients’ tax forms or offer information and guidance to assist clients in completing their own returns. They respond to client inquiries, assist them in planning for potential tax scenarios, and review data to ensure compliance with regulatory requirements. These professionals can also double-check the work of other advisors you work with in order to catch mistakes in tax preparation.

Client circumstances vary greatly in terms of legal and technical complexity. Some tax advisors focus on a specific field of taxation, while others take a broader approach. They can help you determine how much you owe in taxes or if you have overpaid in taxes. They update their knowledge constantly to stay informed on tax code changes.

Wealth managers are experts in a variety of financial matters, including tax management. Our wealth managers can implement tax-loss harvesting strategies and performance-boosting strategies to help you increase your wealth. You can read about some of our strategies to improve investment performance in our guide,Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity.

Who Can Give You Tax Advice?

If you’re on the fence about hiring a tax consultant near me, you can consider other financial professionals who give tax advice such as, enrolled agents, Certified Public Accounts (CPAs), tax attorneys, and certain financial advisors.

Wealth managers can give you tax advice tailored for the complex financial situations of high net worth and ultra-high net worth individuals. Depending on your individual tax situation, you might need to hire a team of advisors consisting of lawyers, accountants, and advisors who can collectively help you overcome any financial obstacle related to taxes. If you would like to talk with one of our wealth managers to learn more about their services, you can call us to schedule a free, no strings attached consultation.

Why Do You Need A Tax Consultant Near Me?

Certain life changes can affect your finances in terms of your tax liability, prompting you to search for a tax consultant near me.These can include anything from divorce, marriage, having children, the death of a spouse, or purchasing a new house to retirement, unemployment, inheriting a fortune from your parents or grandparents, and more.

If you believe your tax bill is consuming too much of your money, you could consider some tax avoidance techniques. A tax advisor can help you achieve your objectives by using tactics that are tailored to your specific situation. High net worth and ultra-high net worth investors can tend to have more risks and liabilities, which makes it all the more necessary to be prepared. Our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 Million To $500 Million, talks about how families can protect their financial status and maintain financial stability.

Finding A Tax Consultant Near Me for Tax Advice

Working with the right professional allows you to make use of effective strategies and techniques that help you enhance and safeguard your wealth. If you’re interested in reading about some of the strategies that we use at Pillar Wealth Management, you can request a copy of our latest book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning – For Families With Liquid Investable Portfolios Between $5 Million and $500 Million.

While learning more about these techniques increases your knowledge, implementing them is another thing. For that reason, it might be in your best interest to work with a professional. Let’s discuss what you should know before you hire a tax consultant near me.

What Qualities to Look For

As we mentioned before, a good tax consultant should have the knowledge and understanding of tax laws and regulations, excellent analytical and problem-solving skills, and a keen eye for attention to detail.

More importantly, it is better to search for consultants who have the right credentials or certifications. Fiduciary advisors offer you financial security due to their legal obligation to clients. Similarly, you should check up on their past record and client history to see whether they have the relevant experience in dealing with large amounts of money.

The strategies they use should complement your financial profile and unique circumstances. Our wealth managers use strategies that help you boost your portfolio growth. You can read more about them in our guide,5 Critical Shifts for Maximizing Portfolio Growth Strategies – For Families Worth $5 Million To $500 Million.

Which Questions You Should Be Asking

Asking the correct tax consultant interview questions and answers is very helpful in finding the best tax consultant near me and identifying any potential employee vs. consultant tax issues. You can ask questions such as:

• What kind of tax consulting experience do you have?

• What is your tax preparation routine like?

• How would you assist me in achieving my tax objectives?

• What information would you need from me in order to complete my tax return?

• What should I do to make my tax situation better?

• What else should I try this year, based on my current situation?

• What additional services do you provide?

These questions are enough to get you started on finding the right advisor and gauging an idea of their expertise and experience.

How Much Do They Charge?

The cost of your tax consultant’s services is determined by the type of tax consultant you hire. They can include paid tax filing software, a certified public accountant (CPA), or maybe even a tax attorney if you have complicated legal tax implications. Tax consultants are mostly self-employed, but they could also work for audit and accounting firms.

The most important factors in determining the cost of income tax consultant fees are their experience and the credibility they have developed over time.Other expenditures incurred as a result of a tax consultant’s operations, such as travel and subsistence expenses, may be subject to additional charges.

At Pillar Wealth Management, we offer our services on a fee-only basis, making sure there are no hidden costs. For expert, unbiased advice, you can reach out to our wealth managers for a meeting or consultation.

Final Thoughts

When you want to effectively manage your wealth and taxes, hiring a tax consultant near me might be the right option for us. However, if you prefer working with an advisor who can offer you a more holistic array of services, you can consider Pillar Wealth Management. We have confidence that tax reduction is a critical component of cost management and financial security. Our experience makes us well-equipped to help clients who are looking to invest between 5 million to 500 million dollars. If you want to avail of our services, you can reach out to us through our website.

Authors

Hutch Ashoo

Chris Snyder

To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.