Become A Tax Accountant
Where do you want to work?
Working As A Tax Accountant
- Interacting With Computers
- Processing Information
- Getting Information
- Evaluating Information to Determine Compliance with Standards
- Organizing, Planning, and Prioritizing Work
Mostly Sitting
Repetitive
$57,391
Average Salary
What Does A Tax Accountant Do
How To Become A Tax Accountant
Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).
EducationMost accountant and auditor positions require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.
A few universities and colleges offer specialized programs, such as a bachelor’s degree in internal auditing. In some cases, those with associate’s degrees, as well as bookkeepers and accounting clerks who meet the education and experience requirements set by their employers, get junior accounting positions and advance to accountant positions by showing their accounting skills on the job.
Many colleges help students gain practical experience through summer or part-time internships with public accounting or business firms.
Licenses, Certifications, and RegistrationsEvery accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). Many other accountants choose to become a CPA to enhance their job prospects or to gain clients. Many employers will often pay the costs associated with the CPA exam.
CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. Almost all states require CPA candidates to complete 150 semester hours of college coursework to be certified, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.
A few states allow a number of years of public accounting experience to substitute for a college degree.
All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that they pass all four parts within 18 months of passing their first part.
Almost all states require CPAs to take continuing education to keep their license.
Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:
The Institute of Management Accountants offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have worked at least 2 years in management accounting, pass a two-part exam, agree to meet continuing education requirements, and comply with standards of professional conduct. The exam covers areas such as financial statement analysis, working-capital policy, capital structure, valuation issues, and risk management.
The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) to graduates from accredited colleges and universities who have worked for 2 years as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.
ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have 5 years of experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 3 years of experience in information systems auditing, control, or security.
For accountants with a CPA, the AICPA offers the option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. The ABV requires a written exam, completion of at least six business valuation projects, and 75 hours of continuing education. The CITP requires 1,000 hours of business technology experience and 75 hours of continuing education. Candidates for the PFS also must complete a certain amount of work experience and continuing education, and pass a written exam.
AdvancementSome top executives and financial managers have a background in accounting, internal auditing, or finance.
Beginning public accountants often advance to positions with more responsibility in 1 or 2 years and to senior positions within another few years. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.
Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to accounting manager, chief cost accountant, budget director, or manager of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.
Public accountants, management accountants, and internal auditors can move from one aspect of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.
Important QualitiesAnalytical skills. Accountants and auditors must be able to identify issues in documentation and suggest solutions. For example, public accountants use analytical skills in their work to minimize tax liability, and internal auditors use these skills to detect fraudulent use of funds.
Communication skills. Accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others. They must also be able to discuss the results of their work in both meetings and written reports.
Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documentation.
Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary.
Organizational skills. Strong organizational skills are important for accountants and auditors who often work with a range of financial documents for a variety of clients.
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Tax Accountant jobs
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Tax Accountant Career Paths
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Tax Manager 4.8 years
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Public Accountant 4.2 years
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Senior Tax Analyst 3.9 years
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Senior Tax Accountant 3.8 years
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Certified Public Accountant 3.6 years
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Accountant 3.5 years
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Tax Specialist 3.2 years
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Income Tax Administrator 3.1 years
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Tax Accountant 3.0 years
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Tax Collection Coordinator 3.0 years
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Tax Consultant 2.6 years
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Tax Analyst 2.1 years
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Tax Associate 1.7 years
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Tax Assistant 1.3 years
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Tax Internship 0.4 years
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Staff Accountant 18.8%
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Accountant 15.0%
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Senior Accountant 6.7%
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Tax Analyst 5.4%
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Tax Preparer 4.0%
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Office Manager 3.9%
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Tax Internship 3.5%
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Finance Analyst 3.3%
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Controller 3.3%
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Internship 3.2%
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Bookkeeper 3.2%
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Tax Associate 3.1%
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Accounting Manager 2.8%
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Accounting Clerk 2.6%
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Tax Consultant 2.3%
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Accountant 12.7%
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Senior Tax Accountant 10.1%
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Staff Accountant 9.5%
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Senior Accountant 8.4%
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Tax Manager 6.6%
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Controller 6.0%
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Tax Analyst 5.4%
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Finance Analyst 5.2%
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Accounting Manager 4.4%
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Senior Tax Analyst 4.1%
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Tax Specialist 3.4%
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Tax Consultant 3.1%
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Assistant Controller 2.6%
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Tax Preparer 2.5%
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Manager 2.3%
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Consultant 2.2%
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Supervisor 1.9%
Average Length of Employment
Top Careers Before Tax Accountant
Top Careers After Tax Accountant
Tax Accountant Demographics
Gender
-
Female
51.8% -
Male
43.9% -
Unknown
4.3%
Ethnicity
-
White
73.0% -
Asian
13.7% -
Hispanic or Latino
9.9% -
Unknown
2.4% -
Black or African American
1.0%
Languages Spoken
-
Spanish
33.6% -
Mandarin
13.5% -
Chinese
9.3% -
French
8.5% -
Cantonese
5.4% -
Russian
5.0% -
Japanese
5.0% -
Korean
3.9% -
Portuguese
3.5% -
German
2.3% -
Vietnamese
1.9% -
Arabic
1.5% -
Hindi
1.2% -
Indonesian
1.2% -
Italian
0.8% -
Amharic
0.8% -
Hebrew
0.8% -
Urdu
0.8% -
Polish
0.8% -
Swedish
0.4%
Tax Accountant
Unfortunately we don’t have enough data for this section.
Tax Accountant Education
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University of Phoenix
19.7% -
Strayer University
7.0% -
DePaul University
6.4% -
Pace University - New York
4.9% -
University of Houston
4.9% -
Boise State University
4.7% -
Georgia State University
4.5% -
George Mason University
4.2% -
University of Denver
4.0% -
Southern New Hampshire University
4.0% -
Robert Morris University
3.8% -
Sacred Heart University
3.8% -
Drexel University
3.8% -
Northeastern University
3.8% -
University of Maryland - University College
3.6% -
University of Texas at Dallas
3.6% -
University of Central Florida
3.4% -
Liberty University
3.4% -
University of North Texas
3.2% -
University of Cincinnati
3.2% -
Accounting 55.0%
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Business 22.5%
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Finance 5.7%
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Taxation 5.7%
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Law 1.4%
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Management 1.3%
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Economics 0.8%
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Marketing 0.7%
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Criminal Justice 0.7%
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Computer Science 0.7%
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Education 0.6%
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Psychology 0.5%
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Communication 0.5%
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Business Economics 0.4%
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Nursing 0.4%
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Bachelors
47.1% -
Masters
32.1% -
Other
10.4% -
Associate
5.6% -
Certificate
2.6% -
Doctorate
1.6% -
Diploma
0.5% -
License
0.2%
Schools
Majors
Degrees
Tax Accountant
Unfortunately we don’t have enough data for this section.
Real Tax Accountant Salaries
Job Title
|
Company
|
Location
|
Start Date
|
Salary
|
|---|---|---|---|---|
| Foreign Tax Accountant | Fidelitas, LLC | Boerne, TX | Aug 20, 2015 | $165,000 - $175,000 |
| Senior Manager, Global Tax Technology Strategy | Wal-Mart Associates, Inc. | Sunnyvale, CA | Nov 30, 2016 | $142,000 |
| Tax Accountant | Oracle America, Inc. | CA | May 11, 2015 | $135,000 - $151,207 |
| Federal Tax IT Solution | General Electric Company | Albany, NY | May 12, 2016 | $130,000 |
| Manager, Tax Technology | KPMG LLP | Montvale, NJ | Feb 05, 2015 | $129,418 |
| Credit Fund Tax Accountant | Fig LLC | New York, NY | Jan 14, 2016 | $117,437 - $125,000 |
| Tax Accountant-FIN | Oracle America, Inc. | CA | Feb 28, 2015 | $115,000 - $140,000 |
| Manager, Tax Technology | KPMG LLP | Denver, CO | Mar 19, 2015 | $112,965 |
| Credit Fund Tax Accountant | Fortress Investment Group LLC | New York, NY | May 15, 2015 | $109,554 |
| Tax Accountant | Weisermazars LLP | New York, NY | Aug 23, 2016 | $105,000 |
| Tax Accountant-FIN | Oracle America, Inc. | CA | Oct 01, 2015 | $101,421 - $154,592 |
| Manager, Tax Technology | Park Hotels & Resorts Inc. | Memphis, TN | Nov 11, 2016 | $100,786 |
| Senior Manager, Global Tax Technology Strategy | Wal-Mart Associates, Inc. | Bentonville, AR | Mar 28, 2016 | $100,108 |
| Manager, Tax Technology | Hilton Worldwide | Memphis, TN | Feb 09, 2016 | $98,634 |
| Staff Tax Accountant | Price Kong & Co., CPA's, P.A. | Phoenix, AZ | May 05, 2016 | $66,394 |
| Tax Accountant | Swicker & Associates, Accountancy Corporation | Los Angeles, CA | Sep 20, 2016 | $66,000 |
| Tax Accountant | Bhatia and Bhatia, PC | Arlington, MA | Sep 05, 2015 | $65,427 |
| Tax Accountant | Bhatia & Bhatia PC | Arlington, MA | Dec 16, 2015 | $65,208 |
| Tax Accountant | Citco Fund Services (USA) Inc. | Jersey City, NJ | Feb 11, 2015 | $65,000 |
| Tax Accountant | Weisermazars LLP | New York, NY | Oct 05, 2015 | $65,000 |
| Tax Accountant | Glovis America Inc. | Irvine, CA | Jul 27, 2015 | $65,000 |
| Tax Accountant | Daniel Wing-Yu Ng PLLC | New York, NY | Jun 09, 2016 | $56,871 |
| Tax Accountant | Year Round Tax Services | San Francisco, CA | Sep 15, 2015 | $56,370 |
| Tax Accountant | Daniel Wing-Yu Ng PLLC | New York, NY | May 09, 2016 | $56,349 |
| Tax Accountant | Schneider Downs & Co., Inc. | Columbus, OH | May 25, 2015 | $56,222 - $60,000 |
| Tax Accountant | Kustov and Associates Inc. | San Francisco, CA | Jun 12, 2015 | $56,181 |
| Tax Accountant | Northwest Tax Advisors LLC | Mercer Island, WA | Jan 15, 2016 | $56,160 |
| Tax Accountant | Global Mobility Tax, LLP | Los Altos, CA | Sep 12, 2015 | $55,786 - $58,000 |
| Tax Accountant | Triangle Accounting, Inc. | Cary, NC | Nov 02, 2016 | $55,661 |
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Top Skills for A Tax Accountant
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Top Tax Accountant Skills
- Income Tax Returns
- Financial Statements
- Partnership Tax Returns
- Compiled, analyzed, and evaluated individual and business income tax returns, extensions and amendments.
- Prepared necessary supporting documents with all returns - including documents converting foreign entity's financial statements to US dollars.
- Prepared partnership tax returns (1065s), Exempt Organizations returns (form 990, 990T) and state returns.
- Handled all quarterly Payroll Tax Returns for over 70 clients, as well as Sales Tax for many.
- Assisted in ensuring global tax compliance.
Top Tax Accountant Employers
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Tax Accountant Videos
What It's Like To Be a Tax Accountant - Big Four Public Accounting (@RosendaleWrites)
When I Grow Up, I want to be a Tax Accountant - Before and After ONESOURCE
When I Grow Up, I Want to be a Tax Accountant -- Before ONESOURCE (Extended)