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Accountant/consultant vs tax consultant

The differences between accountant/consultants and tax consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax consultant has an average salary of $66,737, which is higher than the $64,298 average annual salary of an accountant/consultant.

The top three skills for an accountant/consultant include account management, product knowledge and strong analytical. The most important skills for a tax consultant are CPA, tax planning, and tax issues.

Accountant/consultant vs tax consultant overview

Accountant/ConsultantTax Consultant
Yearly salary$64,298$66,737
Hourly rate$30.91$32.09
Growth rate6%6%
Number of jobs38,91639,379
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 63%
Average age4447
Years of experience4-

What does an accountant/consultant do?

Accountants/consultants perform accounting tasks for organizations or companies. The accountants improve accounting practices and prepare financial statements at the end of every year. They analyze financial data and offer advice on regulatory compliance issues to the finance department. It is their job to make sure that the online system is secure. Most of the day, they organize invoices, prepare statements, and supervising systems. They should be equipped with analytical skills, industry knowledge, critical thinking, and interpersonal communication.

What does a tax consultant do?

Tax consultants are experts in providing commercially centered tax advice and tax services to wide-ranging clients who function in all sectors of the economy. The work they do involves devising tax-efficient strategies for international and domestic-based clients in various business situations, including takeovers, company merges, and corporate reconstructions. They work continually to help clients ensure that the best business decisions are met. They also monitor and get ahead of possible changes concerning tax legislation and responding fast with guidance specific to their clients' tax requirements.

Accountant/consultant vs tax consultant salary

Accountant/consultants and tax consultants have different pay scales, as shown below.

Accountant/ConsultantTax Consultant
Average salary$64,298$66,737
Salary rangeBetween $47,000 And $86,000Between $47,000 And $93,000
Highest paying CitySan Francisco, CAHartford, CT
Highest paying stateCaliforniaRhode Island
Best paying companyIBMCargill
Best paying industryFinanceFinance

Differences between accountant/consultant and tax consultant education

There are a few differences between an accountant/consultant and a tax consultant in terms of educational background:

Accountant/ConsultantTax Consultant
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 63%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Accountant/consultant vs tax consultant demographics

Here are the differences between accountant/consultants' and tax consultants' demographics:

Accountant/ConsultantTax Consultant
Average age4447
Gender ratioMale, 47.1% Female, 52.9%Male, 52.7% Female, 47.3%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.8% American Indian and Alaska Native, 0.5%Black or African American, 10.5% Unknown, 4.1% Hispanic or Latino, 17.0% Asian, 10.4% White, 57.6% American Indian and Alaska Native, 0.6%
LGBT Percentage7%8%

Differences between accountant/consultant and tax consultant duties and responsibilities

Accountant/consultant example responsibilities.

  • Manage a staff of five to ensure their compliance with GAAP as well as best practices.
  • Manage company responsibilities for budgets, forecasting, payroll and accounts receivable.
  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Select and run weekly check run, ACH payments, and foreign payments.
  • Process bi-weekly ACH and EFT payment to vendors, reimbursement and rush check payments.
  • Coordinate with external CPA on financial tax filings i.e. , 990 for IRS regulations and maintain of IRS 501C status.
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Tax consultant example responsibilities.

  • Manage the training and use of new FactSet products and enhancements with various client bases including portfolio management and performance teams.
  • Maintain and generate the process of structuring and conducting business transactions to ensure that GAAP procedures are followed.
  • Develop, maintain, and ensure accounting policies and procedures are in accordance with company member agreements & GAAP.
  • Prepare returns and consult on tax and accounting issues for own clients as well as contract work for other CPA firms.
  • Work closely with CPA on data verification and documentations processing.
  • Save customers thousands of dollars on Mexico-U.S. cross-border taxation advisory.
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Accountant/consultant vs tax consultant skills

Common accountant/consultant skills
  • Account Management, 17%
  • Product Knowledge, 14%
  • Strong Analytical, 13%
  • Leveraged, 9%
  • Customer Service, 8%
  • Customer Satisfaction, 6%
Common tax consultant skills
  • CPA, 13%
  • Tax Planning, 7%
  • Tax Issues, 6%
  • Taxation, 6%
  • Tax Research, 5%
  • Income Tax Returns, 5%

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