Tax advisory refers to the professional guidance provided to individuals and businesses regarding their tax obligations. This service helps clients understand tax laws, optimize their tax liabilities, and ensure compliance with regulations. Tax advisors analyze financial situations and recommend strategies to minimize taxes while adhering to legal requirements. Tax advisory can cover various areas, including income tax, corporate tax, and estate planning. Professionals in this field, often called tax consultants or tax advisors, stay updated on changes in tax legislation to provide accurate and relevant advice. Their expertise can lead to significant savings and help avoid potential legal issues.