Tax analyst vs tax advisor

The differences between tax analysts and tax advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax analyst has an average salary of $61,745, which is higher than the $58,252 average annual salary of a tax advisor.

The top three skills for a tax analyst include tax audits, reconciliations and tax compliance. The most important skills for a tax advisor are local tax returns, reconciliations, and customer service.

Tax analyst vs tax advisor overview

	Tax Analyst	Tax Advisor
Yearly salary	$61,745	$58,252
Hourly rate	$29.69	$28.01
Growth rate	-7%	-
Number of jobs	56,223	76,710
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 54%
Average age	48	47
Years of experience	2	-

What does a tax analyst do?

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.

What does a tax advisor do?

Tax Advisors are responsible for providing tax advice to clients in the area of tax legislation and tax obligations. Their duties include researching tax legislation, gathering client information, submitting tax returns, liaising with internal revenue service representing clients, and developing tax strategies. They are responsible for performing tax computations, forming family trusts, undertaking estate planning as well as consulting on matters regarding domicile and tax residence. Tax Advisors also give advice related to indirect taxation and prepare reports.

Tax analyst vs tax advisor salary

Tax analysts and tax advisors have different pay scales, as shown below.

	Tax Analyst	Tax Advisor
Average salary	$61,745	$58,252
Salary range	Between $43,000 And $87,000	Between $29,000 And $116,000
Highest paying City	San Francisco, CA	Cumberland, RI
Highest paying state	Maine	New Hampshire
Best paying company	Meta	DLA Piper
Best paying industry	Technology	Energy

Differences between tax analyst and tax advisor education

There are a few differences between a tax analyst and a tax advisor in terms of educational background:

	Tax Analyst	Tax Advisor
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 54%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Southern California

Tax analyst vs tax advisor demographics

Here are the differences between tax analysts' and tax advisors' demographics:

	Tax Analyst	Tax Advisor
Average age	48	47
Gender ratio	Male, 42.9% Female, 57.1%	Male, 36.6% Female, 63.4%
Race ratio	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%	Black or African American, 9.7% Unknown, 4.0% Hispanic or Latino, 17.6% Asian, 10.1% White, 58.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	8%

Differences between tax analyst and tax advisor duties and responsibilities

Tax analyst example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Own the preparation of the consolidated/worldwide provision calculations and AJE, including account reconciliations.
Prepare ASC 740 tax accounting calculations.
Input apportionment factors into OneSource tax system.
Correspond with taxpayers, accountants, and CPAs.
Assist in federal and state return preparation using OneSource software.

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Tax advisor example responsibilities.

Manage a staff of six for all aspects of tax compliance, tax accounting, research, planning and IRS audits.
Provide payroll processing, invoicing and tax support services for small consulting business using QuickBooks software.
Assist customers with IRS correspondence/notices.
Advise companies on international taxation law and bilateral taxation recognition regimes to identify most cost effective strategies.
Review domestic payroll reporting metrics, ensure home/host payments are updated and reconcile for timely submission and payment.
Start job by assisting TurboTax user's on how to enter information into the TurboTax program.

Tax analyst vs tax advisor skills

Common tax analyst skills

Tax Audits, 6%
Reconciliations, 4%
Tax Compliance, 4%
Tax Payments, 4%
Tax Software, 4%
Income Tax Returns, 4%

Common tax advisor skills

Local Tax Returns, 8%
Reconciliations, 7%
Customer Service, 7%
IRS, 7%
Income Statement, 6%
Individual Tax Returns, 6%

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Updated January 8, 2025

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