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The differences between senior tax analysts and tax analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior tax analyst, becoming a tax analyst takes usually requires 1-2 years. Additionally, a senior tax analyst has an average salary of $79,029, which is higher than the $61,745 average annual salary of a tax analyst.
The top three skills for a senior tax analyst include ASC, state income and onesource. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.
| Senior Tax Analyst | Tax Analyst | |
| Yearly salary | $79,029 | $61,745 |
| Hourly rate | $37.99 | $29.69 |
| Growth rate | 6% | -7% |
| Number of jobs | 56,996 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Average age | 44 | 48 |
| Years of experience | 4 | 2 |
A senior tax analyst is responsible for reconciling tax accounts, preparing tax payment estimates for the state and federal income tax jurisdictions. Other tasks that you will perform include discussing inter-company accounting, conducting tax research using different tax databases, and preparing state and federal income tax returns. In addition, you will be responsible for maintaining client accounts, write-ups, and ledgers, reconciling bank statements, and researching, developing, and executing tax-efficient structure. As a senior tax analyst, you are also responsible for reviewing and analyzing tax withholdings.
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Senior tax analysts and tax analysts have different pay scales, as shown below.
| Senior Tax Analyst | Tax Analyst | |
| Average salary | $79,029 | $61,745 |
| Salary range | Between $58,000 And $106,000 | Between $43,000 And $87,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Rhode Island | Maine |
| Best paying company | Meta | |
| Best paying industry | Finance | Technology |
There are a few differences between a senior tax analyst and a tax analyst in terms of educational background:
| Senior Tax Analyst | Tax Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between senior tax analysts' and tax analysts' demographics:
| Senior Tax Analyst | Tax Analyst | |
| Average age | 44 | 48 |
| Gender ratio | Male, 48.3% Female, 51.7% | Male, 42.9% Female, 57.1% |
| Race ratio | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.5% White, 60.8% American Indian and Alaska Native, 0.5% | Black or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 8% |