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Corporate tax preparer vs tax consultant

The differences between corporate tax preparers 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 $47,529 average annual salary of a corporate tax preparer.

The top three skills for a corporate tax preparer include tax research, payroll and individual tax returns. The most important skills for a tax consultant are CPA, tax planning, and tax issues.

Corporate tax preparer vs tax consultant overview

Corporate Tax PreparerTax Consultant
Yearly salary$47,529$66,737
Hourly rate$22.85$32.09
Growth rate6%6%
Number of jobs36,53039,379
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 63%
Average age4747
Years of experience--

Corporate tax preparer vs tax consultant salary

Corporate tax preparers and tax consultants have different pay scales, as shown below.

Corporate Tax PreparerTax Consultant
Average salary$47,529$66,737
Salary rangeBetween $31,000 And $71,000Between $47,000 And $93,000
Highest paying CityHoboken, NJHartford, CT
Highest paying stateRhode IslandRhode Island
Best paying companyErnst & YoungCargill
Best paying industry-Finance

Differences between corporate tax preparer and tax consultant education

There are a few differences between a corporate tax preparer and a tax consultant in terms of educational background:

Corporate Tax PreparerTax Consultant
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 63%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Corporate tax preparer vs tax consultant demographics

Here are the differences between corporate tax preparers' and tax consultants' demographics:

Corporate Tax PreparerTax Consultant
Average age4747
Gender ratioMale, 41.7% Female, 58.3%Male, 52.7% Female, 47.3%
Race ratioBlack or African American, 9.1% Unknown, 3.8% Hispanic or Latino, 12.4% Asian, 8.3% White, 65.8% 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 Percentage8%8%

Differences between corporate tax preparer and tax consultant duties and responsibilities

Corporate tax preparer example responsibilities.

  • Answer clients' accounting, QuickBooks, and tax concerns.
  • Handle all sales, franchise, payroll, and income tax reporting requirements, as well as, relate accounting spreadsheets.
  • Assist clients in responding to IRS letters.
  • Assist the manager in computing estimate tax payments and extension requests for all subsidiaries base on apportionment factors.
  • Reconcile and analyze various defer accounts and create necessary tax adjustments.
  • Prepare individual tax returns in a timely manner-assist with account reconciliations for clients-help track basis for clients-update clients fix asset accounts
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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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Corporate tax preparer vs tax consultant skills

Common corporate tax preparer skills
  • Tax Research, 19%
  • Payroll, 12%
  • Individual Tax Returns, 10%
  • Financial Statements, 8%
  • Tax Provision, 7%
  • Journal Entries, 7%
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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