Licensed tax consultant vs income tax expert

The differences between licensed tax consultants and income tax experts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed tax consultant has an average salary of $43,577, which is higher than the $39,306 average annual salary of an income tax expert.

The top three skills for a licensed tax consultant include clinical assessments, management system and property tax. The most important skills for an income tax expert are financial statements, tax software, and tax returns.

Licensed tax consultant vs income tax expert overview

	Licensed Tax Consultant	Income Tax Expert
Yearly salary	$43,577	$39,306
Hourly rate	$20.95	$18.90
Growth rate	-	-
Number of jobs	41,830	34,945
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 58%
Average age	47	47
Years of experience	-	-

Licensed tax consultant vs income tax expert salary

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

	Licensed Tax Consultant	Income Tax Expert
Average salary	$43,577	$39,306
Salary range	Between $27,000 And $69,000	Between $20,000 And $74,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between licensed tax consultant and income tax expert education

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

	Licensed Tax Consultant	Income Tax Expert
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 58%
Most common major	Business	Accounting
Most common college	University of Southern California	University of Southern California

Licensed tax consultant vs income tax expert demographics

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

	Licensed Tax Consultant	Income Tax Expert
Average age	47	47
Gender ratio	Male, 53.1% Female, 46.9%	Male, 42.4% Female, 57.6%
Race ratio	Black 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, 11.1% Unknown, 4.0% Hispanic or Latino, 18.5% Asian, 9.6% White, 56.3% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	8%

Differences between licensed tax consultant and income tax expert 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

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.

Licensed tax consultant vs income tax expert 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 income tax expert skills

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

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Licensed Tax Consultant
Licensed Tax Consultant vs Income Tax Expert

Updated January 8, 2025

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