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Licensed tax consultant vs certified public accountant

The differences between licensed tax consultants and certified public accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a certified public accountant has an average salary of $76,693, which is higher than the $43,577 average annual salary of a licensed tax consultant.

The top three skills for a licensed tax consultant include clinical assessments, management system and property tax. The most important skills for a certified public accountant are CPA, customer service, and IRS.

Licensed tax consultant vs certified public accountant overview

Licensed Tax ConsultantCertified Public Accountant
Yearly salary$43,577$76,693
Hourly rate$20.95$36.87
Growth rate-6%
Number of jobs41,83078,792
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 69%
Average age4744
Years of experience-4

Licensed tax consultant vs certified public accountant salary

Licensed tax consultants and certified public accountants have different pay scales, as shown below.

Licensed Tax ConsultantCertified Public Accountant
Average salary$43,577$76,693
Salary rangeBetween $27,000 And $69,000Between $49,000 And $119,000
Highest paying City-Washington, DC
Highest paying state-New Jersey
Best paying company-Applied Materials
Best paying industry-Finance

Differences between licensed tax consultant and certified public accountant education

There are a few differences between a licensed tax consultant and a certified public accountant in terms of educational background:

Licensed Tax ConsultantCertified Public Accountant
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 69%
Most common majorBusinessAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Licensed tax consultant vs certified public accountant demographics

Here are the differences between licensed tax consultants' and certified public accountants' demographics:

Licensed Tax ConsultantCertified Public Accountant
Average age4744
Gender ratioMale, 53.1% Female, 46.9%Male, 43.2% Female, 56.8%
Race ratioBlack or African American, 9.4% Unknown, 4.1% Hispanic or Latino, 17.9% Asian, 10.7% White, 57.4% American Indian and Alaska Native, 0.6%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.4% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%7%

Differences between licensed tax consultant and certified public accountant duties and responsibilities

Licensed 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.
  • Review FSAR changes relate to 10 CFR 50.59 requirements.
  • Perform property inspections of commercial properties and create inspection reports illustrating the physical characteristics of say properties for assessment appeals purposes.
  • Gain knowledge of accounting principals, taxation policies and income tax procedures.
  • Perform monthly accounting for various entities including partnerships, s-corporations, trusts and foundations

Certified public accountant example responsibilities.

  • Mentor highly skil accounting and tax management team to achieve establish objectives including conformity with GAAP compliance.
  • Maintain monthly client bookkeeping including bank reconciliations, account payable and prepare preliminary financial statements for CPA review.
  • Conduct bookkeeping, bank reconciliations and generate general ledgers as well as raise concerns about expenditure classifications and revenue recognition.
  • Prepare and review month-end close, including journal entries, general ledger account reconciliations, and financial statement supporting documentation.
  • Gain a working knowledge of audit objectives and procedures in compliance with GAAP and GAAS.
  • Prepare and monitor audit programs, assist management in design and monitoring of SOX compliance programs.
  • Show more

Licensed tax consultant vs certified public accountant skills

Common licensed tax consultant skills
  • Clinical Assessments, 19%
  • Management System, 18%
  • Property Tax, 12%
  • Tax Returns, 11%
  • Technical Assistance, 9%
  • License Agreements, 7%
Common certified public accountant skills
  • CPA, 48%
  • Customer Service, 22%
  • IRS, 7%
  • State Tax Returns, 5%
  • Payroll Tax Returns, 2%
  • Financial Statement Preparation, 1%

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