Send us a textIn this episode, learn what in-house tax teams value and want from external tax advisors, so you can be their advisor of choice, with our guest Stephen Hodgson, in-house Head of Indirect Tax at Entain. There’s some excellent advice from Stephen too re how to break bad news to a client in a good way and re what practical tax advice actually is.Show notes: thetaxprofessionalspodcast.com/TTPP105Tax Advice Masterclass (next one Nov 24): https://www.thetaxprofessionalspodcast.com/masterclasses/ Subscribe: thetaxprofessionalspodcast.com/subscribeTake control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourseYou’ll LearnThe indirect tax team that Stephen runs(9:00) The type of external advice that Stephen’s team in particular take(13:00) What do in-house tax teams want from external advisors (15:15) What level of responsiveness/communication is needed to keep in-house tax team happy(20:00) Whether, even as a large corporate, they would only consider Big 4 advisors?(23:00) The impact of cost when it comes to choosing and working with external tax advisors(25:30) The factor of industry knowledge and direct knowledge of the business(28:30) What Stephen means by practical advice (which is valued very much)(34:15) What a bad external advisor looks like? Bad traits/attributes(36:15) How to deal with giving advice the client won’t want to hear in a way that they value(40:30) Who interacts with external advisors – is it only the heads of tax?(43:00) How to build a relationship with an in-house tax team from scratch to have the opportunity to support them(51:00) What Stephen would do differently when working with in-house tax teams, if he were to go back to practice(54:30) How an external tax advisor can be the advisor that an in-house tax team wants to work with and value?ResourcesPrevious episode with Stephen: TTPP53: Moving from Practice to In-House (Industry) with Stephen Hodgson, In-House Head of Indirect Tax

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related