Tax advisor and accountant - what are the differences?

Tax advisor and accountant – what are the differences?

What are the differences between an accountant and a tax advisor?

The accountant and tax advisor play important roles in managing the finances of a company or individual, but their responsibilities and areas of expertise differ.

Accountants are concerned with the collection, processing, and presentation of your business’s financial information. Tax advisors focus on optimizing tax obligations and advise on tax-related issues. In Bulgaria, more often the two functions are combined.

Accountant

An accountant is usually concerned with the preparation and maintenance of financial statements. They monitor the accuracy of financial transactions and ensure that reports comply with legislation. Accountants can also help with budgeting, financial planning, and analysis.

Tax Advisor

A tax advisor, on the other hand, specializes in tax law and can offer strategies to optimize tax obligations. They work with clients to identify tax relief opportunities. They advise on tax audits and represent clients before the tax authorities.

In conclusion, while an accountant provides a wide range of financial services related to maintaining accurate financial records, a tax advisor is focused on reducing tax liabilities and helping to comply with complex tax laws.

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Do not hesitate to contact us for more information about our activity, consultation about the possible services you might need, for perfect accounting of your company, tax consultation, etc. You can contact us by phone, email, or via the contact form on our website. We respond to all inquiries within 24 hours.

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Siman Group Ltd

A team of certified accountants

Our team is small but consists of educated professionals who know what they are doing and are familiar with accounting, tax and insurance legislation. We have over 20 years of experience in providing accounting services and have worked with various types of businesses. Our long-standing customers, in our opinion, are a guarantee of the quality of our services.

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