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The differences between tax accountants and fixed asset accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a tax accountant and a fixed asset accountant. Additionally, a tax accountant has an average salary of $62,142, which is higher than the $59,691 average annual salary of a fixed asset accountant.
The top three skills for a tax accountant include CPA, tax audits and income tax returns. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.
| Tax Accountant | Fixed Asset Accountant | |
| Yearly salary | $62,142 | $59,691 |
| Hourly rate | $29.88 | $28.70 |
| Growth rate | 6% | 6% |
| Number of jobs | 57,919 | 42,860 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
A fixed asset accountant is responsible for processing statement reports for the company's assets, organizing account records, and handling bank reconciliations and disputes. Fixed asset accountants must have excellent knowledge of the accounting principles to determine and track the assets dispositions in various accounting systems for reference. They also ensure the accurate balance and calculate the value of all fixed assets for reports. A fixed asset accountant should be highly analytical to measure asset obligations and provide recommendations for asset acquisition.
Tax accountants and fixed asset accountants have different pay scales, as shown below.
| Tax Accountant | Fixed Asset Accountant | |
| Average salary | $62,142 | $59,691 |
| Salary range | Between $45,000 And $83,000 | Between $46,000 And $76,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Pacific Investment Management Company LLC | Apple |
| Best paying industry | Finance | Energy |
There are a few differences between a tax accountant and a fixed asset accountant in terms of educational background:
| Tax Accountant | Fixed Asset Accountant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 77% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between tax accountants' and fixed asset accountants' demographics:
| Tax Accountant | Fixed Asset Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 43.8% Female, 56.2% |
| Race ratio | Black or African American, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5% | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |