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Tax manager hiring summary. Here are some key points about hiring tax managers in the United States:
Here's a step-by-step tax manager hiring guide:
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
First, determine the employments status of the tax manager you need to hire. Certain tax manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect tax manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of tax managers and their corresponding salaries.
| Type of Tax Manager | Description | Hourly rate |
|---|---|---|
| Tax Manager | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $33-62 |
| Manager Finance Planning And Analysis | A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more | $36-71 |
| Credit And Collection Manager | A credit and collection manager is responsible for evaluating credit services and supervising the credit and collection team in reaching out to clients with outstanding debts and credit applications. Credit and collection managers oversee the cash flow systems and identify opportunities to minimize excessive loss and resolve credit disputes... Show more | $22-52 |
Including a salary range in your tax manager job description is one of the best ways to attract top talent. A tax manager can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $107,226 | $52 |
| 2 | New York | $104,482 | $50 |
| 3 | District of Columbia | $103,369 | $50 |
| 4 | New Jersey | $100,527 | $48 |
| 5 | Connecticut | $99,187 | $48 |
| 6 | Virginia | $97,887 | $47 |
| 7 | Massachusetts | $96,506 | $46 |
| 8 | Nevada | $93,777 | $45 |
| 9 | Maryland | $93,552 | $45 |
| 10 | Washington | $93,228 | $45 |
| 11 | Pennsylvania | $92,431 | $44 |
| 12 | Arizona | $90,652 | $44 |
| 13 | Texas | $90,103 | $43 |
| 14 | Michigan | $89,423 | $43 |
| 15 | North Carolina | $89,414 | $43 |
| 16 | Illinois | $89,090 | $43 |
| 17 | Oregon | $89,071 | $43 |
| 18 | Florida | $86,674 | $42 |
| 19 | Ohio | $85,939 | $41 |
| 20 | Georgia | $84,322 | $41 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $144,195 | $69.32 | 26 |
| 2 | Pacific Investment Management Company LLC | $139,046 | $66.85 | 11 |
| 3 | Cambridge Associates | $138,720 | $66.69 | |
| 4 | Lindsay Goldberg | $136,038 | $65.40 | |
| 5 | $134,625 | $64.72 | 2 | |
| 6 | Neighborly | $128,400 | $61.73 | 1 |
| 7 | Apple | $128,042 | $61.56 | 10 |
| 8 | DoorDash | $126,475 | $60.81 | 7 |
| 9 | Microsoft | $125,627 | $60.40 | 93 |
| 10 | Instacart | $123,408 | $59.33 | 5 |
| 11 | Canva | $121,947 | $58.63 | |
| 12 | PayPal | $121,546 | $58.44 | 5 |
| 13 | Radial | $120,402 | $57.89 | |
| 14 | SoFi | $120,311 | $57.84 | 13 |
| 15 | eBay | $119,742 | $57.57 | |
| 16 | Okta | $118,803 | $57.12 | 4 |
| 17 | BGC Partners | $117,361 | $56.42 | |
| 18 | Pluralsight | $116,305 | $55.92 | |
| 19 | DocuSign | $115,995 | $55.77 | 4 |
| 20 | Cisco | $115,073 | $55.32 |
A tax manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a tax manager job description:
There are a few common ways to find tax managers for your business:
During your first interview to recruit tax managers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best tax manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire tax managers, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire tax managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for tax managers is $96,100 in the US. However, the cost of tax manager hiring can vary a lot depending on location. Additionally, hiring a tax manager for contract work or on a per-project basis typically costs between $33 and $62 an hour.