How Should You Choose the Reliable International Tax Advisors?

If you are deciding to move abroad, it is best to take consultation and advice from a professional. In other words, it is necessary to take the opinion of a local advisor if you are relocating. However, if you are going to hire international tax advisors for the first time, here are a few things you should take into account.

Determine what your requirements are?

First of all, you need to understand what you require from your tax consultant. This means you need to be clear about the kinds of tax-paying services you need.

There are ex-pat tax advisors who assist on various matters including:

They will help you with filing your tax returns, helping you get saved from filing you're tax returns if you go abroad.

They can help you in tax planning for your ex-pat life-giving apt and astute financial services advice. In this case, you require hiring someone who is fully acquainted with the details of tax planning in different systems.

If you have business abroad, international tax advisors can help you with proper bookkeeping.

They can help you deal with the several legal issues associated with international taxation if you want them to help you appropriately communicate the right information to the tax authorities.

After you know why you need a tax advisor, the next step is to find the best international tax advisors for your company.

Look for credentials

You need to check if your tax consultant has the right credentials. Different countries have their specific set of requirements when it comes to a certified international tax advisor. Not only this, many countries have specific business associations for tax consultants. And a tax consultant may be required to join them as well for their qualification as the right tax consultant.

So, you can start by searching the directory of such associations to find the right tax consultant having the appropriate credentials. Several times, an association may even have an online database that has comprehensive information about the listed tax consultants in the association. This will also help you to be specific as the directories will not only specify the location but also the areas of expertise of the tax consultants. This will help you to make your choices pretty conveniently.

But, if you want an even simpler way than having a search directory, you can directly ask around in your social circle or with friends and family to get word-of-mouth recommendations about the best international advisers.

Be choosy

The next thing you need to do is to be selective about finding the right person. It means that you have to first shortlist 4-5 candidates whom you refer to be your tax consultants. Now, you have to ask them the right questions. If you get satisfactory answers to your financial queries and are also able to build a rapport with them, they can be the right choice for you. Make sure that you also check their record of serving their client well. You have to work a little bit like a detective to check if there are any official complaints filed against them. Or they have the habit of getting into heated arguments. These wouldn’t be good signs. So, be selective while hiring international tax advisors to find professionals whom you can rely upon.

Leon Nazarian is 15 years of experience in Certified Public Accounting Practice in Los Angeles. We are specializing in tax returns, Irs Tax Audits & tax debt relief. Our service provides the best possible solutions to reduce your tax bills.