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Tax specialist vs accountant

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 vs accountant overview

Tax SpecialistAccountant
Yearly salary$57,168$54,890
Hourly rate$27.48$26.39
Growth rate-7%6%
Number of jobs46,93760,073
Job satisfaction-3
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 71%
Average age4744
Years of experience-4

What does a tax specialist do?

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.

What does an accountant do?

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 specialist vs accountant salary

Tax specialists and accountants have different pay scales, as shown below.

Tax SpecialistAccountant
Average salary$57,168$54,890
Salary rangeBetween $36,000 And $88,000Between $41,000 And $72,000
Highest paying CityStamford, CTWashington, DC
Highest paying stateRhode IslandNew York
Best paying companySTMicroelectronicsMeta
Best paying industryFinanceTechnology

Differences between tax specialist and accountant education

There are a few differences between a tax specialist and an accountant in terms of educational background:

Tax SpecialistAccountant
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 71%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Tax specialist vs accountant demographics

Here are the differences between tax specialists' and accountants' demographics:

Tax SpecialistAccountant
Average age4744
Gender ratioMale, 30.8% Female, 69.2%Male, 38.2% Female, 61.8%
Race ratioBlack 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 Percentage8%7%

Differences between tax specialist and accountant duties and responsibilities

Tax specialist example responsibilities.

  • Operate industry-specific taxation software to complete the tax returns.
  • Author of several articles on topics of international taxation.
  • Prepare and electronically file accurate and timely individual tax returns base on IRS regulations and company policies.
  • Conduct confidential interviews with individuals/couples using current IRS and state laws and manually or electronically file returns through proprietary software.
  • Prepare quarterly and annual tax accruals and return-to-provision calculations.
  • Analyze historical property tax for multiple internal divisions to accurately forecast current year expenses and support annual accruals.
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Accountant example responsibilities.

  • Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
  • Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
  • Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.
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Tax specialist vs accountant skills

Common tax specialist skills
  • IRS, 11%
  • Customer Service, 8%
  • Tax Compliance, 8%
  • Tax Issues, 7%
  • Taxation, 6%
  • Appeals, 6%
Common accountant skills
  • Reconciliations, 14%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Payroll Tax Returns, 5%
  • Customer Service, 5%

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