As a tax manager, your primary responsibility is to accurately prepare and file federal and state documents. You are also to develop tax policies and strategies to help businesses or clients to maintain compliance with the federal and local tax laws and regulations. Managing and facilitating the preparation review of company federal tax returns and accurate, timely filing of all tax returns, local and state income tax returns, and other business-related fillings is your responsibility. You will need to develop strategic tax planning for all state and federal taxes, plan the overall return calendar, and manage members of the tax team for the effectiveness of workflow.
As a tax manager, you need to develop and maintain effective control procedures on the overall aspect of tax processes and monitor the regulatory and legislative tax law development. Part of your jurisdiction involves mentoring and managing tax team members for productivity, relationship development, and engagement. A tax manager must love accounting. You must also be familiar with the US state, federal, and local reporting requirements. Excellent communication skills, analytical skills are all essential skills for a tax manager. The average salary of a tax manager yearly is $119,000, with a bachelor's degree in Accounting, Economics, or other related fields.