The must understand and interpret tax law and occasionally explain its implications to clients.
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Tax Accountant Tasks
Ensure compliance with state and federal regulations.
Analyze tax regulations and recommend policies that minimize tax burden.
Prepare tax returns and reports, maintain records, analyze and research complex tax issues.
Provides support during audits.
For Tax Accountants, progressing to a Senior
Tax Manager role may result in a significant raise. On average, a Senior
Tax Manager can earn $123K annually. When Tax Accountants are ready
for the next step in their careers, they often become Senior Tax
Accountants or Tax Managers. Those roles pay an additional $10K and
$38K, respectively.
Survey takers working as Tax Accountants report using a large range of
professional skills. Most notably, skills in Tax Compliance, Tax
Consulting, Financial Reporting, and Financial Analysis are correlated
to pay that is above average, with boosts of 5 percent, 4 percent, 3
percent, and 3 percent, respectively. Skills that seem to negatively
impact pay include Bookkeeping, Payroll Tax Compliance, and ADP Sales
and Use Tax System.