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Tax consultant vs tax advisor

The differences between tax consultants and tax advisors 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 $58,252 average annual salary of a tax advisor.

The top three skills for a tax consultant include CPA, tax planning and tax issues. The most important skills for a tax advisor are local tax returns, reconciliations, and customer service.

Tax consultant vs tax advisor overview

Tax ConsultantTax Advisor
Yearly salary$66,737$58,252
Hourly rate$32.09$28.01
Growth rate6%-
Number of jobs39,37976,710
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 54%
Average age4747
Years of experience--

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 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 consultant vs tax advisor salary

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

Tax ConsultantTax Advisor
Average salary$66,737$58,252
Salary rangeBetween $47,000 And $93,000Between $29,000 And $116,000
Highest paying CityHartford, CTCumberland, RI
Highest paying stateRhode IslandNew Hampshire
Best paying companyCargillDLA Piper
Best paying industryFinanceEnergy

Differences between tax consultant and tax advisor education

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

Tax ConsultantTax Advisor
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 54%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Tax consultant vs tax advisor demographics

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

Tax ConsultantTax Advisor
Average age4747
Gender ratioMale, 52.7% Female, 47.3%Male, 36.6% Female, 63.4%
Race ratioBlack 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, 9.7% Unknown, 4.0% Hispanic or Latino, 17.6% Asian, 10.1% White, 58.0% American Indian and Alaska Native, 0.6%
LGBT Percentage8%8%

Differences between tax consultant and tax advisor 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.
  • Show more

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 consultant vs tax advisor skills

Common tax consultant skills
  • CPA, 13%
  • Tax Planning, 7%
  • Tax Issues, 6%
  • Taxation, 6%
  • Tax Research, 5%
  • Income Tax Returns, 5%
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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