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Tax accountant hiring summary. Here are some key points about hiring tax accountants in the United States:
Here's a step-by-step tax accountant hiring guide:
A tax accountant is an individual who works with clients to produce tax return documents that follow tax laws and regulations while keeping them updated on their return information. Tax accountants must determine tax strategies for their clients that may minimize or eliminate tax payments while arranging audits with taxation authorities. They prepare tax documents for different clients, including private companies, non-profit organizations, and private individuals. Tax accountants are also required to obtain a bachelor's degree in accounting and should understand business concepts.
The tax accountant hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A tax accountant's background is also an important factor in determining whether they'll be a good fit for the position. For example, tax accountants from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of tax accountants.
Type Of Tax Accountant | Description | Hourly Rate |
---|---|---|
Tax Accountant | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show More | $21-39 |
Certified Public Accountant | A certified public accountant (CPA) acts as an advisor to small businesses and chief financial officers to Fortune 500 companies. They typically work for both small and large public accounting firms... Show More | $23-57 |
Tax Analyst | 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... Show More | $20-41 |
Including a salary range in your tax accountant job description is one of the best ways to attract top talent. A tax accountant can vary based on:
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | New York | $78,454 | $38 |
2 | New Jersey | $73,872 | $36 |
3 | Massachusetts | $72,267 | $35 |
4 | Virginia | $68,872 | $33 |
5 | California | $65,762 | $32 |
6 | Washington | $64,518 | $31 |
7 | Maryland | $64,052 | $31 |
8 | Illinois | $62,477 | $30 |
9 | North Carolina | $61,567 | $30 |
10 | Georgia | $60,760 | $29 |
11 | Texas | $60,252 | $29 |
12 | Pennsylvania | $59,785 | $29 |
13 | Colorado | $58,992 | $28 |
14 | Michigan | $58,467 | $28 |
15 | Ohio | $57,708 | $28 |
16 | Minnesota | $57,677 | $28 |
17 | Alabama | $55,667 | $27 |
18 | Missouri | $55,555 | $27 |
19 | Indiana | $55,462 | $27 |
20 | Florida | $55,297 | $27 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Pacific Investment Management Company LLC | $109,670 | $52.73 | 3 |
2 | Invesco | $104,579 | $50.28 | 4 |
3 | Cisco | $102,514 | $49.29 | |
4 | eBay | $97,999 | $47.11 | 2 |
5 | Edwards Lifesciences | $97,957 | $47.09 | 3 |
6 | Franklin Templeton | $97,068 | $46.67 | 3 |
7 | Western Digital | $96,994 | $46.63 | 22 |
8 | Atlassian | $91,017 | $43.76 | |
9 | Fanatics | $90,676 | $43.59 | 12 |
10 | Nokia | $90,375 | $43.45 | 1 |
11 | Amphenol | $90,140 | $43.34 | |
12 | Nabors Holding Company | $89,338 | $42.95 | 1 |
13 | Nomura Securities | $89,122 | $42.85 | |
14 | Ernst & Young | $88,767 | $42.68 | 1,421 |
15 | Epicor | $86,737 | $41.70 | |
16 | Ameresco | $85,725 | $41.21 | 2 |
17 | Oracle | $85,653 | $41.18 | 44 |
18 | Citi | $85,537 | $41.12 | 19 |
19 | Pluralsight | $85,164 | $40.94 | |
20 | Build-A-Bear Workshop | $84,173 | $40.47 |
A job description for a tax accountant role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a tax accountant job description:
To find tax accountants for your business, try out a few different recruiting strategies:
Recruiting tax accountants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the tax accountant position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new tax accountant. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting tax accountants involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
Tax accountants earn a median yearly salary is $62,142 a year in the US. However, if you're looking to find tax accountants for hire on a contract or per-project basis, hourly rates typically range between $21 and $39.