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The differences between tax specialists and accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax specialist has an average salary of $57,168, which is higher than the $54,890 average annual salary of an accountant.
The top three skills for a tax specialist include IRS, customer service and tax compliance. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.
| Tax Specialist | Accountant | |
| Yearly salary | $57,168 | $54,890 |
| Hourly rate | $27.48 | $26.39 |
| Growth rate | -7% | 6% |
| Number of jobs | 46,937 | 60,073 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 71% |
| Average age | 47 | 44 |
| Years of experience | - | 4 |
A tax specialist is responsible for handling the tax compliance and correspondence of an organization, finalizing tax audits, and resolving discrepancies. Tax specialists should have excellent knowledge of tax laws and federal regulations, ensuring the accuracy of tax statements, and filing it accurately and efficiently. They should also be highly-analytical and communicative, especially on explaining tax-related documents to the management or the clients, as well as analyzing tax computations and managing the company's financial transactions.
An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.
Tax specialists and accountants have different pay scales, as shown below.
| Tax Specialist | Accountant | |
| Average salary | $57,168 | $54,890 |
| Salary range | Between $36,000 And $88,000 | Between $41,000 And $72,000 |
| Highest paying City | Stamford, CT | Washington, DC |
| Highest paying state | Rhode Island | New York |
| Best paying company | STMicroelectronics | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a tax specialist and an accountant in terms of educational background:
| Tax Specialist | Accountant | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 71% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between tax specialists' and accountants' demographics:
| Tax Specialist | Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 30.8% Female, 69.2% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 10.5% Unknown, 4.0% Hispanic or Latino, 17.8% Asian, 10.0% White, 57.1% American Indian and Alaska Native, 0.6% | Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 7% |