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The differences between grant 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 grant accountant and a tax accountant. Additionally, a tax accountant has an average salary of $62,142, which is higher than the $59,472 average annual salary of a grant accountant.
The top three skills for a grant accountant include reconciliations, grants management and GAAP. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.
| Grant Accountant | Tax Accountant | |
| Yearly salary | $59,472 | $62,142 |
| Hourly rate | $28.59 | $29.88 |
| Growth rate | 6% | 6% |
| Number of jobs | 36,034 | 57,919 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A grant accountant is responsible for overseeing financial and grant services in an organization. They are responsible for performing accounting and administrative tasks such as gathering and analyzing data, preparing and processing financial statements, conducting audits and assessments, identifying and resolving discrepancies, and handling taxes. They may also prepare forecasts and models, supervise budgets, and submit regular reports to managers. Moreover, a grant accountant must comply with the state, federal, and local financial laws and regulations, keeping abreast of the latest changes.
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.
Grant accountants and tax accountants have different pay scales, as shown below.
| Grant Accountant | Tax Accountant | |
| Average salary | $59,472 | $62,142 |
| Salary range | Between $46,000 And $76,000 | Between $45,000 And $83,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Search for Common Ground | Pacific Investment Management Company LLC |
| Best paying industry | Professional | Finance |
There are a few differences between a grant accountant and a tax accountant in terms of educational background:
| Grant Accountant | Tax Accountant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between grant accountants' and tax accountants' demographics:
| Grant Accountant | Tax Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 37.8% Female, 62.2% | Male, 47.3% Female, 52.7% |
| Race ratio | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.4% White, 62.9% 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% |