Tax internship vs tax consultant

The differences between tax interns and tax consultants 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 $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 consultant are CPA, tax planning, and tax issues.

Tax internship vs tax consultant overview

	Tax Internship	Tax Consultant
Yearly salary	$46,283	$66,737
Hourly rate	$22.25	$32.09
Growth rate	6%	6%
Number of jobs	71,991	39,379
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 63%
Average age	47	47
Years of experience	-	-

What does a tax internship do?

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.

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.

Tax internship vs tax consultant salary

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

	Tax Internship	Tax Consultant
Average salary	$46,283	$66,737
Salary range	Between $30,000 And $71,000	Between $47,000 And $93,000
Highest paying City	-	Hartford, CT
Highest paying state	-	Rhode Island
Best paying company	-	Cargill
Best paying industry	-	Finance

Differences between tax internship and tax consultant education

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

	Tax Internship	Tax Consultant
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 63%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Southern California

Tax internship vs tax consultant demographics

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

	Tax Internship	Tax Consultant
Average age	47	47
Gender ratio	Male, 53.6% Female, 46.4%	Male, 52.7% Female, 47.3%
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, 10.5% Unknown, 4.1% Hispanic or Latino, 17.0% Asian, 10.4% White, 57.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	8%

Differences between tax internship and tax consultant duties and responsibilities

Tax internship example responsibilities.

Manage client accounts by organizing and categorizing financial data in QuickBooks files.
Enter clients info on w-2 for tax preparers.
Amortize treasury bonds, company own stocks and bonds.
Prepare tax returns for individuals, corporations, businesses, partnerships and provide CPA's with add help where need
Answer phones, make appointments, solve issues clients have, input data w-2 information conduct interview and collect signatures.
Learned from working closely with veteran CPA's in a small and personal office space where growth and interaction are encouraged.

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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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Tax internship vs tax consultant skills

Common tax internship skills

First Hand, 25%
CPA, 8%
Taxation, 7%
Tax Planning, 5%
Local Tax Returns, 5%
Tax Issues, 4%

Common tax consultant skills

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

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Updated January 8, 2025

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