Tax Adviser

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    Tax advisers/consultants are the experts in providing commercially-focused tax advice and tax services to a wide range of clients who operate in all sectors of the economy.

    This involves devising tax-efficient strategies for multinational and domestic based clients in diverse business situations, including mergers, takeovers and corporate reconstructions. Tax consultants work continually to help ensure that their clients make the best business decisions in the light of fiscal change and development. They monitor and anticipate changes to tax legislation and respond quickly with advice specific to their clients’ particular commercial requirements.

    The work is detailed and complex, and tax advisers quickly develop expert knowledge in areas such as:

    • corporate tax
    • international and inheritance tax
    • National Insurance
    • personal tax
    • trusts and estates
    • VAT.

     

    Duties

    • researching, analyzing and interpreting changing tax legislation in Lesotho and overseas
    • meeting with clients and collating information
    • working with tax law and revenue provisions
    • preparing and submitting compliance (tax) returns by the deadline
    • liaising and negotiating with Lesotho Revenue Authority (LRA) on behalf of the clients
    • providing consultancy services to high value private clients
    • creating tax strategies for clients and planning their financial futures
    • carrying out detailed computations to calculate tax liability and advising on how to minimize a client’s liability
    • establishing and structuring family trusts
    • estate planning and advising on tax residence and domicile matters
    • providing guidance on indirect taxation issues such as VAT, customs planning and environmental taxes
    • producing reports and presentations for clients.

     

    Qualifications

    Although graduates from any discipline can become a tax adviser, the following degree subjects may increase your chances of finding work:

    • accountancy and finance
    • business
    • economics
    • law
    • management
    • mathematics
    • statistics.

     

    Skills

    • excellent numeracy skills
    • a logical and analytical mind
    • the ability to interpret and explain complex legislation to non-specialists
    • excellent communication and interpersonal skills
    • negotiation skills
    • planning and organization skills
    • problem-solving skills
    • time management and the ability to work to tight deadlines
    • attention to detail
    • a flexible approach to work
    • tact and discretion, as most of the work is confidential
    • commercial awareness
    • a methodical approach to record keeping.

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