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The differences between tax specialists and tax analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax analyst has an average salary of $61,745, 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 analyst are tax audits, reconciliations, and tax compliance.
| Tax Specialist | Tax Analyst | |
| Yearly salary | $57,168 | $61,745 |
| Hourly rate | $27.48 | $29.69 |
| Growth rate | -7% | -7% |
| Number of jobs | 46,937 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 70% |
| Average age | 47 | 48 |
| Years of experience | - | 2 |
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.
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Tax specialists and tax analysts have different pay scales, as shown below.
| Tax Specialist | Tax Analyst | |
| Average salary | $57,168 | $61,745 |
| Salary range | Between $36,000 And $88,000 | Between $43,000 And $87,000 |
| Highest paying City | Stamford, CT | San Francisco, CA |
| Highest paying state | Rhode Island | Maine |
| Best paying company | STMicroelectronics | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a tax specialist and a tax analyst in terms of educational background:
| Tax Specialist | Tax Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between tax specialists' and tax analysts' demographics:
| Tax Specialist | Tax Analyst | |
| Average age | 47 | 48 |
| Gender ratio | Male, 30.8% Female, 69.2% | Male, 42.9% Female, 57.1% |
| 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 8% |