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Master tax advisor vs contract preparer

The differences between master tax advisors and contract preparers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a master tax advisor has an average salary of $44,931, which is higher than the $40,071 average annual salary of a contract preparer.

Master tax advisor vs contract preparer overview

Master Tax AdvisorContract Preparer
Yearly salary$44,931$40,071
Hourly rate$21.60$19.26
Growth rate--5%
Number of jobs73,4168,493
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 54%
Average age4747
Years of experience--

Master tax advisor vs contract preparer salary

Master tax advisors and contract preparers have different pay scales, as shown below.

Master Tax AdvisorContract Preparer
Average salary$44,931$40,071
Salary rangeBetween $22,000 And $88,000Between $19,000 And $83,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between master tax advisor and contract preparer education

There are a few differences between a master tax advisor and a contract preparer in terms of educational background:

Master Tax AdvisorContract Preparer
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 54%
Most common majorAccountingBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Master tax advisor vs contract preparer demographics

Here are the differences between master tax advisors' and contract preparers' demographics:

Master Tax AdvisorContract Preparer
Average age4747
Gender ratioMale, 53.1% Female, 46.9%Male, 37.8% Female, 62.2%
Race ratioBlack or African American, 8.8% Unknown, 4.2% Hispanic or Latino, 14.0% Asian, 11.7% White, 60.7% 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 Percentage8%8%

Differences between master tax advisor and contract preparer duties and responsibilities

Master tax advisor example responsibilities.

  • Process tax returns, assist clients with tax situations, instruct tax courses, and assist clients during IRS audits.
  • Prepare and present audits to the IRS, in the appropriate manner, for clients when require.
  • Research miscellaneous tax areas and regulations to prepare PowerPoint presentations for managers used in internal and external training.
  • Complete several hundr hours of training in many areas of taxation.
  • Prepare individual tax returns using ProSeries base upon documents and client provide information.

Contract preparer example responsibilities.

  • Create operational efficiencies by effectively managing databases containing RFP library responses and approve responses to request revisions to form agreements.
  • Create operational efficiencies by effectively managing databases containing RFP library responses and approve responses to request revisions to form agreements.
  • Prepare bank reconciliations and general ledger maintenance for multiple clients using QuickBooks software.

Master tax advisor vs contract preparer skills

Common master tax advisor skills
  • Individual Tax Returns, 38%
  • Income Tax Returns, 17%
  • IRS, 10%
  • Business Tax Returns, 4%
  • Tax Season, 4%
  • Audit Assistance, 3%
Common contract preparer skills

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    Updated January 8, 2025

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