Income tax expert vs tax consultant

The differences between income tax experts 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 $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 tax consultant are CPA, tax planning, and tax issues.

Income tax expert vs tax consultant overview

	Income Tax Expert	Tax Consultant
Yearly salary	$39,306	$66,737
Hourly rate	$18.90	$32.09
Growth rate	-	6%
Number of jobs	34,945	39,379
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 63%
Average age	47	47
Years of experience	-	-

Income tax expert vs tax consultant salary

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

	Income Tax Expert	Tax Consultant
Average salary	$39,306	$66,737
Salary range	Between $20,000 And $74,000	Between $47,000 And $93,000
Highest paying City	-	Hartford, CT
Highest paying state	-	Rhode Island
Best paying company	-	Cargill
Best paying industry	-	Finance

Differences between income tax expert and tax consultant education

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

	Income Tax Expert	Tax Consultant
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 63%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Southern California

Income tax expert vs tax consultant demographics

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

	Income Tax Expert	Tax Consultant
Average age	47	47
Gender ratio	Male, 42.4% Female, 57.6%	Male, 52.7% Female, 47.3%
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, 10.5% Unknown, 4.1% Hispanic or Latino, 17.0% Asian, 10.4% White, 57.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	8%

Differences between income tax expert and tax consultant 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.

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.

Income tax expert vs tax consultant 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 tax consultant skills

CPA, 13%
Tax Planning, 7%
Tax Issues, 6%
Taxation, 6%
Tax Research, 5%
Income Tax Returns, 5%