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Control accountant vs tax accountant

The differences between control 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 control accountant and a tax accountant. Additionally, a control accountant has an average salary of $66,563, which is higher than the $62,142 average annual salary of a tax accountant.

The top three skills for a control accountant include reconciliations, general ledger accounts and payroll taxes. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.

Control accountant vs tax accountant overview

Control AccountantTax Accountant
Yearly salary$66,563$62,142
Hourly rate$32.00$29.88
Growth rate6%6%
Number of jobs75,70257,919
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 72%
Average age4444
Years of experience44

What does a control accountant do?

A Control Accountant is in charge of managing a company's accounting records and spearheads the development of financial reports. Although the extent of their responsibilities depends on their place or industry of employment, it typically includes coordinating with different teams to gather and analyze data, conduct audits and risk analyses, monitor budgets and expenditures, review documents and other transactions and develop strategies to optimize operations. A Control Accountant leads and encourages staff to reach goals while implementing the company's policies and regulations.

What does a tax accountant do?

A tax accountant is an individual who works with clients to produce tax return documents that follow tax laws and regulations while keeping them updated on their return information. Tax accountants must determine tax strategies for their clients that may minimize or eliminate tax payments while arranging audits with taxation authorities. They prepare tax documents for different clients, including private companies, non-profit organizations, and private individuals. Tax accountants are also required to obtain a bachelor's degree in accounting and should understand business concepts.

Control accountant vs tax accountant salary

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

Control AccountantTax Accountant
Average salary$66,563$62,142
Salary rangeBetween $48,000 And $91,000Between $45,000 And $83,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyMarathon OilPacific Investment Management Company LLC
Best paying industryFinanceFinance

Differences between control accountant and tax accountant education

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

Control AccountantTax Accountant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Control accountant vs tax accountant demographics

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

Control AccountantTax Accountant
Average age4444
Gender ratioMale, 49.2% Female, 50.8%Male, 47.3% Female, 52.7%
Race ratioBlack or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% 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 Percentage7%7%

Differences between control accountant and tax accountant duties and responsibilities

Control accountant example responsibilities.

  • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
  • Collect, analyze, interpret, and document information to support quarterly SOX reviews.
  • Ensure proper accounting in compliance with GAAP, regulatory reporting requirements and joint ownership contracts.
  • Identify variances between corporations, establish payable/receivable ledgers, and clear open variances in accordance with GAAP.
  • Control regional account analysis, provide explanations and backup to SOX reporting department.
  • Perform domestic and international roll forwards, quarterly schedules for goodwill, trademarks and acquisition activities utilizing Hyperion.
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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
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Control accountant vs tax accountant skills

Common control accountant skills
  • Reconciliations, 11%
  • General Ledger Accounts, 7%
  • Payroll Taxes, 6%
  • Account Reconciliations, 5%
  • Accruals, 5%
  • Internal Controls, 5%
Common tax accountant skills
  • CPA, 9%
  • Tax Audits, 4%
  • Income Tax Returns, 4%
  • Tax Research, 4%
  • Reconciliations, 4%
  • Financial Statements, 4%

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