If you are an individual or a business owner, it is impossible to escape the grip of tax law. You must have knowledge of your income and know the consequences on your taxation. If you are not a specialist, it will be difficult for you to complete this mission. The use of a tax lawyer is therefore necessary. The latter will be useful for your litigation and for your orientations. Here is a guide that discusses why it is important to use a specialized lawyer.
What are the duties of a tax lawyer?
A tax lawyer’s main mission is to deal with disputes experienced by his clients in terms of taxes or duties. It should be noted that tax law is a branch of business law. Consequently, a tax lawyer has the obligation to have a mastery of any litigation having tax overtones.
The tax law expert must also be familiar with the news relating to finance laws and the Tax Code. This allows him to be efficient and to make his professional expertise speak for itself.
A tax lawyer also has the mission of providing advice on methods to optimize your tax burden. To play this role, he works in collaboration with your accounting department as well as the tax administration. In addition, this professional plays the role of defender. It intervenes in your tax strategy. Indeed, he can plead on any jurisdictional litigation binding you to the tax administration before the courts.
Why hire a tax lawyer?
The use of a tax lawyer is beneficial for both individuals and entrepreneurs. As an individual, this professional will be able to analyze your net worth situation in order to recommend which investments to make or to avoid. This will help you optimize your tax burdens and increase your income through this professional annexes.
In addition, a tax lawyer assists you in drawing up your declaration. To do this, he completes your tax form including all your assets and income. He makes all the possible checks with you before filing the declaration with the tax authorities. In case of any questions, the tax lawyer is available to provide answers. He can even assist you in the event of a trial even if you are not present.
It should be noted that everyone (service providers or individuals) is entitled to a tax audit annually. Be careful, therefore, to clearly differentiate it from the notary.
How to choose your tax lawyer?
The choice of a tax lawyer is essential when you are above all an entrepreneur. To make this choice, it is necessary to base yourself on certain criteria. It is :
- Type of your business;
- Different issues your business may have.
After that, you should contact a lawyer who is a specialist in your line of business. In the same way, it will be necessary to take into account the reputation of this one in order to choose it. In other words, find out about his services and his professionalism with other clients. It is also necessary to know his fees.