The services of Chartered Accountants are frequently sought in connection with tax matters, filing income tax returns, secretarial and accounting work, finalization of accounts, auditing, financial analysis, advising on financial structures, etc. A Chartered Accountant is also often appointed executor under a will or trust in order to carry on the administration of the estate or settlements.
Chartered Accountants who work in practice provide professional financial services to businesses and individuals.
Tax matters arise in every aspect of running a business of for the individual tax payers, from day-to-day GST work to accounting and auditing, tax filing, etc. Tax accountants prepare corporate and personal income tax statements and formulate tax strategies involving issues such as financial choice, how to best treat an income or expenses, finalize the accounts and file the company audit report or individual taxes (ITR) in time. In summary, Chartered Accountants are trusted advisors, and provide services to businesses and individuals as a consultant.