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Business taxes specialist vs cost accountant

The differences between business taxes specialists and cost accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business taxes specialist and a cost accountant. Additionally, a business taxes specialist has an average salary of $60,859, which is higher than the $60,528 average annual salary of a cost accountant.

The top three skills for a business taxes specialist include business licenses, income statement and troubleshoot. The most important skills for a cost accountant are reconciliations, variance analysis, and GAAP.

Business taxes specialist vs cost accountant overview

Business Taxes SpecialistCost Accountant
Yearly salary$60,859$60,528
Hourly rate$29.26$29.10
Growth rate6%6%
Number of jobs49,60539,925
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 77%
Average age4444
Years of experience44

Business taxes specialist vs cost accountant salary

Business taxes specialists and cost accountants have different pay scales, as shown below.

Business Taxes SpecialistCost Accountant
Average salary$60,859$60,528
Salary rangeBetween $36,000 And $102,000Between $45,000 And $81,000
Highest paying City-Edison, NJ
Highest paying state-New Jersey
Best paying company-Google
Best paying industry-Energy

Differences between business taxes specialist and cost accountant education

There are a few differences between a business taxes specialist and a cost accountant in terms of educational background:

Business Taxes SpecialistCost Accountant
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 77%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business taxes specialist vs cost accountant demographics

Here are the differences between business taxes specialists' and cost accountants' demographics:

Business Taxes SpecialistCost Accountant
Average age4444
Gender ratioMale, 32.4% Female, 67.6%Male, 52.6% Female, 47.4%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.8% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between business taxes specialist and cost accountant duties and responsibilities

Business taxes specialist example responsibilities.

  • Manage a combination of commercial and personal banking relationships, and promote cross-selling across multiple product lines.
  • Resolve various tax issues including client representation through practice before the audit, collections and appeals offices of the IRS.
  • Possess working knowledge of QuickBooks, Peachtree and TaxWise accounting software packages.
  • Update monthly strategy report in SharePoint database.
  • Provide monthly performance numbers for variety of mutual funds both internally for portfolio management, marketing and external reporting agencies.
  • Manage a combination of commercial and personal banking relationships, and promote cross-selling across multiple product lines.

Cost accountant example responsibilities.

  • Manage ledgers and perform month end journal entries.
  • Manage the payroll with ADP system and account receivable.
  • Manage costing control as well as accounts payable (A/P) and accounts receivable (A/R).
  • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
  • Prepare raw material and WIP inventory reconciliations.
  • Develop tracking of GAAP inventory valuation for all inventory inherit from the bankrupt former company.
  • Show more

Business taxes specialist vs cost accountant skills

Common business taxes specialist skills
  • Business Licenses, 46%
  • Income Statement, 32%
  • Troubleshoot, 22%
Common cost accountant skills
  • Reconciliations, 9%
  • Variance Analysis, 6%
  • GAAP, 4%
  • Account Reconciliations, 3%
  • Cost Analysis, 3%
  • Financial Analysis, 3%

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