Careers

Careers in Accounting – Tax

Tax accountants prepare tax statements for both corporations and individuals. They examine financial records to ensure they are accurate, formulate tax strategies, and decide what items should be expensed. Accountants and auditors, including tax accountants, earned an annual median pay of $61,690 in 2010, with the highest 10% earning more than $106,880 and the lowest 10% earning less than $38,940, according to the U.S. Bureau of Labor Statistics (BLS).

As far as employment is concerned, jobs for accountants and auditors is projected to increase by 16% from 2010 to 2020, the BLS notes, which is as fast as the average for all occupations. However, keep in mind that these and the salary numbers are only estimates and not actual guarantees of salary or employment.

Required Education for Accounting-Tax

To be a tax accountant, you must have a bachelor’s degree in accounting or a related field like business or finance. These types of majors take courses in tax accounting, auditing, cost accounting, business law, and accounting information systems. Course work includes attending lectures, conducting research, and analyzing real cases. Through these types of courses, they obtain the skills necessary to prepare financial statements, balance sheets, and tax filings. In addition to obtaining a financial education, tax accountants may also become a Certified Public Accountant to enhance their professional credentials.

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