Tax consultancies advise individuals, sole traders, partnerships and companies on their tax obligations and financial arrangements. They may assess how income, business structures, investments or significant transactions affect tax liabilities, and explain available reliefs and allowances. Advice can cover income tax, corporation tax, capital gains tax, inheritance tax, VAT and, where relevant, international tax matters. Typical services include preparing or reviewing tax returns, calculating liabilities, helping clients keep appropriate records and explaining filing and payment deadlines. Consultants may also advise on business changes, property transactions, succession planning and employee tax matters. Some represent clients in correspondence with HM Revenue and Customs, respond to enquiries or help resolve disagreements about assessments. The work may be ongoing, such as periodic tax planning and compliance support, or provided for a specific transaction or issue.