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The differences between tax managers and tax accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a tax manager, becoming a tax accountant takes usually requires 2-4 years. Additionally, a tax manager has an average salary of $96,100, which is higher than the $62,142 average annual salary of a tax accountant.
The top three skills for a tax manager include CPA, client relationships and tax planning. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.
| Tax Manager | Tax Accountant | |
| Yearly salary | $96,100 | $62,142 |
| Hourly rate | $46.20 | $29.88 |
| Growth rate | 17% | 6% |
| Number of jobs | 79,204 | 57,919 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 46 | 44 |
| Years of experience | 8 | 4 |
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.
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 managers and tax accountants have different pay scales, as shown below.
| Tax Manager | Tax Accountant | |
| Average salary | $96,100 | $62,142 |
| Salary range | Between $70,000 And $131,000 | Between $45,000 And $83,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Meta | Pacific Investment Management Company LLC |
| Best paying industry | Finance | Finance |
There are a few differences between a tax manager and a tax accountant in terms of educational background:
| Tax Manager | Tax Accountant | |
| Most common degree | Bachelor's Degree, 68% | 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 managers' and tax accountants' demographics:
| Tax Manager | Tax Accountant | |
| Average age | 46 | 44 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 47.3% Female, 52.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% | 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 | 11% | 7% |