Income tax expert vs corporate tax preparer

The differences between income tax experts and corporate tax preparers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a corporate tax preparer has an average salary of $47,529, which is higher than the $39,306 average annual salary of an income tax expert.

The top three skills for an income tax expert include financial statements, tax software and tax returns. The most important skills for a corporate tax preparer are tax research, payroll, and individual tax returns.

Income tax expert vs corporate tax preparer overview

	Income Tax Expert	Corporate Tax Preparer
Yearly salary	$39,306	$47,529
Hourly rate	$18.90	$22.85
Growth rate	-	6%
Number of jobs	34,945	36,530
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 67%
Average age	47	47
Years of experience	-	-

Income tax expert vs corporate tax preparer salary

Income tax experts and corporate tax preparers have different pay scales, as shown below.

	Income Tax Expert	Corporate Tax Preparer
Average salary	$39,306	$47,529
Salary range	Between $20,000 And $74,000	Between $31,000 And $71,000
Highest paying City	-	Hoboken, NJ
Highest paying state	-	Rhode Island
Best paying company	-	Ernst & Young
Best paying industry	-	-

Differences between income tax expert and corporate tax preparer education

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

	Income Tax Expert	Corporate Tax Preparer
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 67%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Southern California

Income tax expert vs corporate tax preparer demographics

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

	Income Tax Expert	Corporate Tax Preparer
Average age	47	47
Gender ratio	Male, 42.4% Female, 57.6%	Male, 41.7% Female, 58.3%
Race ratio	Black or African American, 11.1% Unknown, 4.0% Hispanic or Latino, 18.5% Asian, 9.6% White, 56.3% American Indian and Alaska Native, 0.6%	Black 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%
LGBT Percentage	8%	8%

Differences between income tax expert and corporate tax preparer duties and responsibilities

Income tax expert example responsibilities.

Manage the training and use of new FactSet products and enhancements with various client bases including portfolio management and performance teams.
Review domestic payroll reporting metrics, ensure home/host payments are updated and reconcile for timely submission and payment.
Start job by assisting TurboTax user's on how to enter information into the TurboTax program.

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

Income tax expert vs corporate tax preparer skills

Common income tax expert skills

Financial Statements, 10%
Tax Software, 10%
Tax Returns, 10%
Tax Season, 10%
Turbo, 9%
Income Tax Returns, 9%

Common corporate tax preparer skills

Tax Research, 19%
Payroll, 12%
Individual Tax Returns, 10%
Financial Statements, 8%
Tax Provision, 7%
Journal Entries, 7%

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Income Tax Expert
Income Tax Expert vs Corporate Tax Preparer

Updated January 8, 2025

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