Tax preparer vs master tax advisor

The differences between tax preparers and master tax advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax preparer has an average salary of $51,020, which is higher than the $44,931 average annual salary of a master tax advisor.

The top three skills for a tax preparer include customer service, good communication and exceptional client. The most important skills for a master tax advisor are individual tax returns, income tax returns, and IRS.

Tax preparer vs master tax advisor overview

	Tax Preparer	Master Tax Advisor
Yearly salary	$51,020	$44,931
Hourly rate	$24.53	$21.60
Growth rate	-	-
Number of jobs	41,736	73,416
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 59%
Average age	47	47
Years of experience	-	-

Tax preparer vs master tax advisor salary

Tax preparers and master tax advisors have different pay scales, as shown below.

	Tax Preparer	Master Tax Advisor
Average salary	$51,020	$44,931
Salary range	Between $30,000 And $85,000	Between $22,000 And $88,000
Highest paying City	San Francisco, CA	-
Highest paying state	Rhode Island	-
Best paying company	Goldman Sachs	-
Best paying industry	Finance	-

Differences between tax preparer and master tax advisor education

There are a few differences between a tax preparer and a master tax advisor in terms of educational background:

	Tax Preparer	Master Tax Advisor
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 59%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Southern California

Tax preparer vs master tax advisor demographics

Here are the differences between tax preparers' and master tax advisors' demographics:

	Tax Preparer	Master Tax Advisor
Average age	47	47
Gender ratio	Male, 28.2% Female, 71.8%	Male, 53.1% Female, 46.9%
Race ratio	Black or African American, 10.9% Unknown, 4.1% Hispanic or Latino, 18.1% Asian, 10.3% White, 56.1% American Indian and Alaska Native, 0.6%	Black or African American, 8.8% Unknown, 4.2% Hispanic or Latino, 14.0% Asian, 11.7% White, 60.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	8%

Differences between tax preparer and master tax advisor duties and responsibilities

Tax preparer example responsibilities.

Verify data input and totals on forms prepare by others to detect errors in math, data entry, or procedures.
Follow IRS's guidelines in accurately preparing taxes and complete entries on forms, following tax form instructions and tax tables.
Prepare a wide range of tax returns, help prepare subscription agreements, and help small start-up companies comply with GAAP.
Perform monthly bank statement reconciliations and create monthly financial statements.
Assist outside real property tax appeal providers by providing information necessary for filing appeals.
Create engaging Microsoft PowerPoint sides about associate trading arrangements with transfer pricing policy for upcoming speeches for the group director.

Master tax advisor example responsibilities.

Process tax returns, assist clients with tax situations, instruct tax courses, and assist clients during IRS audits.
Prepare and present audits to the IRS, in the appropriate manner, for clients when require.
Research miscellaneous tax areas and regulations to prepare PowerPoint presentations for managers used in internal and external training.
Complete several hundr hours of training in many areas of taxation.
Prepare individual tax returns using ProSeries base upon documents and client provide information.

Tax preparer vs master tax advisor skills

Common tax preparer skills

Customer Service, 27%
Good Communication, 14%
Exceptional Client, 8%
Math, 7%
Excellent Interpersonal, 6%
Taxable Income, 6%

Common master tax advisor skills

Individual Tax Returns, 38%
Income Tax Returns, 17%
IRS, 10%
Business Tax Returns, 4%
Tax Season, 4%
Audit Assistance, 3%