What are careers in tax accounting?

Payroll specialists manage a company's payment process, including issuing paychecks and tracking employees' time. They have to ensure that they are meeting all federal and state guidelines in regard to tax regulations. It is important to have a solid understanding of tax regulations to be a successful payroll specialist.

Most payroll specialists will hold bachelor's degrees in accounting. From there, they will often pivot away from traditional accounting and focus more on applied tax information for payroll. Payrolls must be able to keep track of employees' time as well as paychecks.

• Auditors

Auditors inspect accounting records and other financial records to make sure that they are accurate. They often hold bachelor's degrees in accounting and can work for individual firms or for the IRS. A large part of an auditor's job is to make sure taxes are filed correctly and that businesses are following all state, federal, and local tax laws.

• Tax Preparers

Tax preparers are generally what people think of when they think of an accountant. Their primary duty is managing an individual's or company's income tax returns. They hold bachelor's degrees in accounting and work a schedule that has busy seasons as well as calmer working conditions.