Post job

Tax specialist vs tax advisor

The differences between tax specialists and tax advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax advisor has an average salary of $58,252, which is higher than the $57,168 average annual salary of a tax specialist.

The top three skills for a tax specialist include IRS, customer service and tax compliance. The most important skills for a tax advisor are local tax returns, reconciliations, and customer service.

Tax specialist vs tax advisor overview

Tax SpecialistTax Advisor
Yearly salary$57,168$58,252
Hourly rate$27.48$28.01
Growth rate-7%-
Number of jobs46,93776,710
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Average age4747
Years of experience--

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 a tax advisor do?

Tax Advisors are responsible for providing tax advice to clients in the area of tax legislation and tax obligations. Their duties include researching tax legislation, gathering client information, submitting tax returns, liaising with internal revenue service representing clients, and developing tax strategies. They are responsible for performing tax computations, forming family trusts, undertaking estate planning as well as consulting on matters regarding domicile and tax residence. Tax Advisors also give advice related to indirect taxation and prepare reports.

Tax specialist vs tax advisor salary

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

Tax SpecialistTax Advisor
Average salary$57,168$58,252
Salary rangeBetween $36,000 And $88,000Between $29,000 And $116,000
Highest paying CityStamford, CTCumberland, RI
Highest paying stateRhode IslandNew Hampshire
Best paying companySTMicroelectronicsDLA Piper
Best paying industryFinanceEnergy

Differences between tax specialist and tax advisor education

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

Tax SpecialistTax Advisor
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Tax specialist vs tax advisor demographics

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

Tax SpecialistTax Advisor
Average age4747
Gender ratioMale, 30.8% Female, 69.2%Male, 36.6% Female, 63.4%
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, 9.7% Unknown, 4.0% Hispanic or Latino, 17.6% Asian, 10.1% White, 58.0% American Indian and Alaska Native, 0.6%
LGBT Percentage8%8%

Differences between tax specialist and tax advisor 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.
  • Show more

Tax advisor example responsibilities.

  • Manage a staff of six for all aspects of tax compliance, tax accounting, research, planning and IRS audits.
  • Provide payroll processing, invoicing and tax support services for small consulting business using QuickBooks software.
  • Assist customers with IRS correspondence/notices.
  • Advise companies on international taxation law and bilateral taxation recognition regimes to identify most cost effective strategies.
  • Review domestic payroll reporting metrics, ensure home/host payments are updated and reconcile for timely submission and payment.
  • Start job by assisting TurboTax user's on how to enter information into the TurboTax program.

Tax specialist vs tax advisor skills

Common tax specialist skills
  • IRS, 11%
  • Customer Service, 8%
  • Tax Compliance, 8%
  • Tax Issues, 7%
  • Taxation, 6%
  • Appeals, 6%
Common tax advisor skills
  • Local Tax Returns, 8%
  • Reconciliations, 7%
  • Customer Service, 7%
  • IRS, 7%
  • Income Statement, 6%
  • Individual Tax Returns, 6%

Browse business and financial jobs