Chartered accountant vs tax accountant

The differences between chartered accountants and tax 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 chartered accountant and a tax accountant. Additionally, a chartered accountant has an average salary of $65,776, which is higher than the $62,142 average annual salary of a tax accountant.

The top three skills for a chartered accountant include internal audit, financial statements and income tax returns. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.

Chartered accountant vs tax accountant overview

	Chartered Accountant	Tax Accountant
Yearly salary	$65,776	$62,142
Hourly rate	$31.62	$29.88
Growth rate	6%	6%
Number of jobs	33,005	57,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

Chartered accountant vs tax accountant salary

Chartered accountants and tax accountants have different pay scales, as shown below.

	Chartered Accountant	Tax Accountant
Average salary	$65,776	$62,142
Salary range	Between $42,000 And $102,000	Between $45,000 And $83,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Pacific Investment Management Company LLC
Best paying industry	-	Finance

Differences between chartered accountant and tax accountant education

There are a few differences between a chartered accountant and a tax accountant in terms of educational background:

	Chartered Accountant	Tax Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chartered accountant vs tax accountant demographics

Here are the differences between chartered accountants' and tax accountants' demographics:

	Chartered Accountant	Tax Accountant
Average age	44	44
Gender ratio	Male, 61.0% Female, 39.0%	Male, 47.3% Female, 52.7%
Race ratio	Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.2% American Indian and Alaska Native, 0.5%	Black or African American, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between chartered accountant and tax accountant duties and responsibilities

Chartered accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Provision of professional and timely taxation advice and services to clients.
Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
Monitor bond and covenant requirements, providing tax return and audit information to external contacts.

Tax accountant example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Manage and prepare sales and use tax account reconciliations and property tax liability accounts and prepare corresponding journal entries.
Prepared/Review financial statements according to GAAP and propose adjusting entries for clients.
Prepare tax returns for corporations, partnerships, non-profit organizations and individuals.
Work with various accounting departments, with duties such as account reconciliations, customer service, and administrative/clerical positions.
SAP, ONESOURCE, YESWIN, and BSAEfiling

Chartered accountant vs tax accountant skills

Common chartered accountant skills

Internal Audit, 33%
Financial Statements, 14%
Income Tax Returns, 11%
Balance Sheet, 6%
Audit Reports, 5%
Tax Audits, 5%

Common tax accountant skills

CPA, 9%
Tax Audits, 4%
Income Tax Returns, 4%
Tax Research, 4%
Reconciliations, 4%
Financial Statements, 4%