Extraordinary tax consulting

Extraordinary tax consulting offers tailored solutions in the entrepreneurial turns of professionals and companies

The Caporaso & Partners law firm specializes in extraordinary tax consulting, tax planning and strategies in case of tax audits, in collaboration with professionals in your country of tax residence. We work closely with your trusted Certified Public Accountant (CPA) or one recommended by us.

Extraordinary tax consulting is a tailor-made service designed to address complex issues and significant transitional moments in business or professional activity

In today’s business and professional landscape, understanding the intricacies of taxation presents a significant challenge, which is why it is critical to start with tax advice.  The complexity of the laws and their constant evolution make the tax advisor a valuable ally for businesses and freelancers

Extraordinary tax consulting is distinguished by being an intervention focused on particular situations such as relocation or initial tax planning, or critical moments that a company or professional may encounter in the course of their business.

This type of consulting also includes international tax planning, which is vital for companies that operate on multiple geographic fronts and need strategies to manage tax implications in different countries.

Unlike routine consulting, which addresses ordinary tax compliance, extraordinary consulting comes into play in exceptional circumstances, requiring specialized skills and a deep understanding of tax regulations.

This type of advice is required, for example, when a company is faced with a notice of assessment from the tax authorities, signaling the need to defend its position through tax litigation.

In addition, extraordinary tax consulting is essential at times of corporate reorganization such as mergers, acquisitions, or corporate restructuring that require extraordinary tax support to analyze and plan operations so as to maximize tax efficiency and minimize the risks of exposure to penalties.

Tax advice and tax consulting: are they the same thing?

Yes, tax consulting and tax advice refer to the same type of professional service. Both terms indicate the specialized assistance provided by professionals (such as certified public accountants or tax lawyers) in tax and taxation matters. 

Caporaso & Partners offers extraordinary tax consulting only, but we have contacts with certified public accountants (CPA) in various countries who can offer you specific or rutin tax advice.

What does a tax consultant do? A tax consultant offers a wide range of services including, but not limited to, tax planning, handling ordinary tax obligations (such as tax returns and electronic invoicing), assisting in tax litigation, and advising on extraordinary transactions such as mergers, acquisitions, and corporate reorganizations.

Tax consulting, often used synonymously with tax advice, is concerned with assisting clients with tax and taxation issues, but also with relocation and low- or no-tax jurisdictions.

The differentiation of terms does not imply a substantive distinction in the services offered. Unlike extraordinary tax advice, which is needed in extraordinary cases or for relocation of business.

The role of the tax advisor is multifaceted and adapted to the specific needs of each client. Depending on the nature and size of the company, the sector in which it operates, and its presence in the international market, the type of advice required can vary significantly. Caporaso & Partners specializes in assistance with extraordinary tax advice for professionals and startups.

Indeed, a company with a large turnover that operates globally will need specialized expertise in international value-added tax and customs, while a small business owner may need general guidance on tax and tax compliance.

Thus, the roles of an Certified Public Accountant (CPA) should not be confused with those of a tax preparer who offers extraordinary tax consulting.

Tax consulting is divided into two broad categories

Tax consulting is divided into two broad categories

– Ongoing tax counseling, which deals with routine obligations such as tax returns, value-added tax administration, and electronic invoicing. The tax advisor acts as a mediator between the business and the tax administration, helping clients identify the most advantageous tax route and avoid penalties for noncompliance. This professional figure supports the company or freelancer at every stage of economic activity and also during tax litigation.

– Extraordinary tax advice, which comes into play in special situations such as tax litigation, tax audits, corporate reorganizations, and international tax planning.

Choosing the right tax advisor is a crucial step. In addition to assessing the professional’s experience and specializations, it is important to consider the advisor’s ability to keep up with legislative changes and effectively communicate the opportunities and risks associated with tax choices.

The tax consultant offering extraordinary tax advice also collaborates with other professionals such as accountants, lawyers specializing in other jurisdictions, to offer a comprehensive and integrated service.

As for the costs of tax consulting, these can vary widely depending on the complexity of the client’s needs and the type of service offered.

With Caporaso & Partners, however, it is possible to access preliminary consultations at discounted rates starting at 50 euros for 10 minutes, which allow you to assess the suitability and usefulness of the service for your specific needs.

The overall costs of extraordinary tax consulting can range from fixed rates for specific services, such as a preliminary consultation, to hourly rates or service packages for more complex and long-term consultations.

Extraordinary tax consulting also provides support for the proper application of tax rules in the international arena, assisting businesses that operate across national borders.

Why is tax consulting necessary for a professional or business?

The tax advisor provides essential support in making informed decisions regarding the tax management of the business, contributing to its sustainability and growth over time.

But, who can do tax consulting? Tax consulting can be provided by qualified professionals with specific training in business or legal subjects, such as certified public accountants and lawyers specializing in tax law. Thus, it is easy to see that the tax advisor plays a crucial role in supporting companies and professionals in managing their tax responsibilities, ensuring that they are always in compliance with changing regulations and maximizing their tax efficiency and profit maximization