OVERVIEW
What is a Tax Accountant?
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A tax accountant handles a company鈥檚 ongoing tax needs, especially during the height of tax season. They might advise companies in filing certain rebate forms, assist in packaging tax documents for submission, and draft tax reports that comply with all federal guidelines.
A tax accountant will likely be a CPA or certified professional accountant. This designation means that they have specific licenses that allow them to work on specific tax documents, with government organizations, and meet certain compliance standards. All tax accountants are expected to obtain a valid undergraduate degree. Many also need to obtain a master鈥檚 degree, in addition听
RESPONSIBILITIES
What Does a Tax Accountant Do?
Tax accountants perform a wide variety of tasks. On some days, you might consult with clients about their tax strategies. On other days, you might spend time filing tax documents, using a company鈥檚 financial database, or ensuring tax compliance.
The responsibilities of a tax accountant include:
- Filing tax documents听on a client鈥檚 behalf.
- Consulting with clients听to help them prepare for tax season over the year.
- Ensuring continued compliance听with all local, state, and federal tax laws.
- Pursuing all available tax rebates and credits听that help clients save money.
- Preparing any requested or required tax reports.
- Researching any updates to current tax laws or regulations.
- Resolving issues in a client鈥檚 tax filings听or tax bookkeeping methods.
- Communicating with fellow tax accountants听and with other members of a company鈥檚 financial department.
These and other responsibilities define the day-to-day habits of a tax accountant, as they prepare paperwork, file documents, and advise strategies that help clients maximize their tax returns.
What Certifications Does a Tax Accountant Need?
Tax accountants commonly need to hold a听Certified Public Accountant (CPA)听certification. Passing this exam proves that you are capable of practicing the fundamentals of accounting for your clients.
Where Do Tax Accountants Work?
Tax accountants work in several different locations. Some tax accountants are contracted by specific clients to assist with tax procedures. Other tax accountants are employed by companies internally, to work alongside their financial and accounting departments.
Tax accountants work for:
- Financial firms
- Private tax companies听
- Nonprofit organizations
- Banking institutions
- Government organizations
- Healthcare organizations
- IT providers
- Insurance agencies
EDUCATION & BEST DEGREES
What Education Does a Tax Accountant Need?
Students will need to satisfy a few educational requirements before they can begin fulfilling accounting careers. First, you鈥檒l need to obtain a听bachelor鈥檚 degree in accounting,听bachelor's degree in finance听or another closely related field. This program helps you develop a solid knowledge of the accounting industry, fostering skills like auditing, business ethics, and employment law.
You can further your education by obtaining a听master鈥檚 degree in accounting. You鈥檒l deepen your understanding of fields like financial accounting, strategic management, and advanced tax concepts. You鈥檒l be prepared to sit for the certified public accountant exam. This knowledge and other skills will help you fulfill all the necessary responsibilities of a tax accountant.
Best Degrees for a听Tax Accountants
Business
Finance 鈥� B.S.
This online finance program is career-focused so you will gain relevant...
This online finance program is career-focused so you will gain relevant industry skills.
- Time: 62%听of graduates finish similar programs within 24 months
- Tuition:听$3,755 per 6-month term
- Courses: 41 courses in this program
Some careers and jobs this business degree will prepare you for:
- Management
- Accounting
- Finance
- Spreadsheets
- Financial Analysis
- Problem Solving
The competency-based model at 黑料传送门 allows you to move as quickly as you can master the material, and do your coursework on your schedule. Flexibility is key with the B.S. in finance at 黑料传送门.
Business
Accounting 鈥� B.S. Business Administration
Have a knack for numbers or fine-tuning finances?...
Have a knack for numbers or fine-tuning finances?
- Time: 62%听of graduates finish within 24 months
- Tuition:听$3,755 per 6-month term
- Courses: 41 courses in this program
Skills for your r茅sum茅 you will learn in this program include:
- Accounting
- Finance
- Financial Statements
- Communication
- Detail Oriented
- Research
Take your first step toward CPA certification and learn how to use GAAP, ledgers, and journals.
Business
Accounting 鈥� M.S.
Become better qualified to pursue a greater variety of public and private...
Become better qualified to pursue a greater variety of public and private accounting positions:
- Time:听62%听of grads finish within 19 months.
- Tuition:听$4,755 per 6-month term.
- Courses:听10-11 total courses in this program
This program offers 4 unique specializations for students to choose from, allowing you to gain specific experience and skills that will help you in your career. Choose from concentrations in taxation, auditing, management accounting, and financial reporting to boost your r茅sum茅.
Skills for your r茅sum茅 that this program will prepare you for:听
- Accounting
- Auditing
- Tax Planning
- Financial Management
- Communication
- Data Analysis
- This MAcc program is designed to prepare you for the CPA exam and also the CMA or CIA exams.
Business
Accounting Fundamentals Certificate 鈥� School of Business
Enhance your r茅sum茅 and showcase your skills with an accounting...
Enhance your r茅sum茅 and showcase your skills with an accounting fundamentals certificate from the School of Business.
- Time: 6 months from start to finish.
- Cost: $2,000 for the certificate.
- Courses: 5 courses total in this program.
This program is designed for individuals who want to boost their r茅sum茅 with the help of an accounting fundamentals certificate from 黑料传送门鈥檚 School of Business.
Whether you want to advance your career in this field, or you're just getting started, an accounting fundamentals certificate can help you be ready for your next career step. You'll be prepared to work in a variety of industries including:听
- Startups
- Healthcare
- Manufacturing
- IT
- Retail
- E-Commerce
How Much Does a Tax Accountant Make?
$57,780
The exact income of a tax accountant depends on several factors, including your employer, employer鈥檚 location, years of experience, education, and active certifications. In general, the annual听听averages $57,780, with a range of roughly $45,000 to $76,000.
What Is the Projected Job Growth?
4%
Tax accountant careers are expected to enjoy a favorable outlook over the next decade.听听from 2019 to 2029, a growth rate roughly the same as the average across all occupations. As economies grow and change, the demand for qualified tax accountants should increase. Particularly in industries where tax laws may evolve, tax accounts will remain busy helping companies to fully comply with ongoing changes.
SKILLS
What Skills Does a Tax Accountant Need?
Tax accountants put a variety of skills to work. Whether they鈥檙e filing documents or communicating with clients, an accountant鈥檚 skill set is optimized to ensure continued compliance with all tax regulations.
The skills a tax accountant needs include:
- Financial management.听The ability to appropriately manage a company鈥檚 financial portfolio, particularly any financial aspects that will ensure smooth tax procedures.
- Compliance.听The ability to examine a company鈥檚 financial procedures in light of current legal parameters.
- Interpersonal communication.听The ability to correspond effectively with members of a company鈥檚 financial and accounting departments, in addition to any other company representatives and executives.
- Problem-solving.听The ability to identify and overcome any issues that a company鈥檚 tax situation might present.
- Technological proficiency.听The ability to fully use any devices and platforms that benefit an accounting department, including all computers, tablets, phones, and online programs.
- Data reporting.听The ability to gather, protect, analyze, and report on tax data in ways that company executives can understand and learn from.
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No need to wait for spring or fall semester. It's back-to-school time at 黑料传送门 year-round. Get started by talking to an Enrollment Counselor today, and you'll be on your way to realizing your dream of a bachelor's or master's degree鈥攕ooner than you might think!
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