A tax accountant is responsible for examining and analyzing personal or organizational financial records related to taxation. This accountant ensures that tax records are complete and correct, complying with all applicable laws and regulations. These regulations include, but are not limited to, federal, state, and municipal tax policies.
Tax Accountant Job Education Requirements
The first step to become a tax accountant is to earn an undergraduate degree in a field related to accounting and finance.
Those interested in becoming a Certified Public Accountant (CPA) also need to complete 30 hours of additional education in order to qualify to take the Uniform CPA Examination, available through the American Institute of Certified Public Accountants (AICPA). Pass rates range from 48 to 57 percent, but you can improve your chances of passing the exam by taking advantage of information on test content and by practicing with sample tests available through the organization's website or from third-party exam preparation companies.
Tax Accountant Job Market
Jobs are available in corporate tax accounting and public sector tax accounting. According to the U.S. Bureau of Labor Statistics (BLS), opportunities in this area of accounting are projected to grow at 13 percent between 2012 and 2022, which is consistent with the overall job market. The health of the accounting job market is generally closely tied to that of the national economy. Tax accountants are typically employed on a full-time basis and should expect to work increased hours before tax deadlines.
Tax accountant job candidates may benefit from membership in a professional accounting organization. The AICPA, National Society of Accountants (NSA), and The Professional Accounting Society of America (PASA) offer networking opportunities and information that can be beneficial as you build your career.
Tax Accountant Job Salary Information
The average annual income for an accountant is $65,550, with a median hourly wage of $30.55, according to the BLS.