Tax consultant vs accounting analyst

The differences between tax consultants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax consultant has an average salary of $66,737, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for a tax consultant include CPA, tax planning and tax issues. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Tax consultant vs accounting analyst overview

	Tax Consultant	Accounting Analyst
Yearly salary	$66,737	$58,399
Hourly rate	$32.09	$28.08
Growth rate	6%	6%
Number of jobs	39,379	81,097
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 74%
Average age	47	44
Years of experience	-	4

What does a tax consultant do?

Tax consultants are experts in providing commercially centered tax advice and tax services to wide-ranging clients who function in all sectors of the economy. The work they do involves devising tax-efficient strategies for international and domestic-based clients in various business situations, including takeovers, company merges, and corporate reconstructions. They work continually to help clients ensure that the best business decisions are met. They also monitor and get ahead of possible changes concerning tax legislation and responding fast with guidance specific to their clients' tax requirements.

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

Tax consultant vs accounting analyst salary

Tax consultants and accounting analysts have different pay scales, as shown below.

	Tax Consultant	Accounting Analyst
Average salary	$66,737	$58,399
Salary range	Between $47,000 And $93,000	Between $42,000 And $79,000
Highest paying City	Hartford, CT	San Francisco, CA
Highest paying state	Rhode Island	New York
Best paying company	Cargill	Google
Best paying industry	Finance	Finance

Differences between tax consultant and accounting analyst education

There are a few differences between a tax consultant and an accounting analyst in terms of educational background:

	Tax Consultant	Accounting Analyst
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 74%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Pennsylvania

Tax consultant vs accounting analyst demographics

Here are the differences between tax consultants' and accounting analysts' demographics:

	Tax Consultant	Accounting Analyst
Average age	47	44
Gender ratio	Male, 52.7% Female, 47.3%	Male, 41.6% Female, 58.4%
Race ratio	Black or African American, 10.5% Unknown, 4.1% Hispanic or Latino, 17.0% Asian, 10.4% White, 57.6% American Indian and Alaska Native, 0.6%	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	7%

Differences between tax consultant and accounting analyst duties and responsibilities

Tax consultant example responsibilities.

Manage the training and use of new FactSet products and enhancements with various client bases including portfolio management and performance teams.
Maintain and generate the process of structuring and conducting business transactions to ensure that GAAP procedures are followed.
Develop, maintain, and ensure accounting policies and procedures are in accordance with company member agreements & GAAP.
Prepare returns and consult on tax and accounting issues for own clients as well as contract work for other CPA firms.
Work closely with CPA on data verification and documentations processing.
Save customers thousands of dollars on Mexico-U.S. cross-border taxation advisory.

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Accounting analyst example responsibilities.

Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
Manage reconciling monthly discrepancies between ERP transfers.
Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.

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Tax consultant vs accounting analyst skills

Common tax consultant skills

CPA, 13%
Tax Planning, 7%
Tax Issues, 6%
Taxation, 6%
Tax Research, 5%
Income Tax Returns, 5%

Common accounting analyst skills

Reconciliations, 12%
Customer Service, 7%
Account Reconciliations, 6%
GAAP, 5%
Strong Analytical, 4%
Payroll, 4%

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Updated January 8, 2025

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