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The differences between tax interns and tax accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax accountant has an average salary of $62,142, which is higher than the $46,283 average annual salary of a tax internship.
The top three skills for a tax internship include first hand, CPA and taxation. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.
| Tax Internship | Tax Accountant | |
| Yearly salary | $46,283 | $62,142 |
| Hourly rate | $22.25 | $29.88 |
| Growth rate | 6% | 6% |
| Number of jobs | 71,991 | 57,919 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Average age | 47 | 44 |
| Years of experience | - | 4 |
A tax intern is responsible for supporting the finance and accounting department on preparing tax documents, including analyzing financial statements and performing account reconciliations, under the supervision of a tenured tax preparer. Tax interns observe tax processes, shadowing the staff on daily operations, and utilizing their classroom knowledge to practical applications by recommending strategic procedures to handle tax filings efficiently and accurately. A tax intern must have excellent knowledge of the financial industry, as well as high-organizational skills on processing paper works and following instructions from the tax consultant.
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.
Tax interns and tax accountants have different pay scales, as shown below.
| Tax Internship | Tax Accountant | |
| Average salary | $46,283 | $62,142 |
| Salary range | Between $30,000 And $71,000 | Between $45,000 And $83,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Pacific Investment Management Company LLC |
| Best paying industry | - | Finance |
There are a few differences between a tax internship and a tax accountant in terms of educational background:
| Tax Internship | Tax Accountant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between tax interns' and tax accountants' demographics:
| Tax Internship | Tax Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 53.6% Female, 46.4% | Male, 47.3% Female, 52.7% |
| Race ratio | Black or African American, 8.5% Unknown, 4.2% Hispanic or Latino, 14.1% Asian, 11.4% White, 61.2% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 8% | 7% |