What does a Tax Accountant do?

A tax accountant plays a vital role in preparing and submitting tax forms. Additionally, a tax accountant analyzes financial information and assist all departments are well-informed of the current best practices in the field of accounting. A tax accountant is valuable to the accounting and finance department as they have formal education and training in how to properly account for company expenses and the correct way to file yearly tax forms.

Tax Accountants require specialized training and must hold at least a bachelor's degree in accounting. Additional certification, such as a Certified Public Accountant license is generally required for higher level positions. A tax accountant will organize and analyze spending and seek to increase write-offs and lower the businesses taxable profit. Due to the financial and personal nature of the position, a tax accountant must possess both personal integrity and meticulous attention to detail.

  • Review and verify tax forms completed by clients to ensure their proper submission
  • Properly research and seek the advice of senior-level accountants when confronted with particularly challenging or unusual tax circumstances
  • Gather appropriate materials regarding yearly tax tables, instructions and forms to accurately calculate taxes for clients
  • Work closely with clients to obtain personal information regarding potential deductions, educational grants or allowances
  • Inform clients of important paperwork and documentation needed to complete tax forms accurately
  • Meet with clients and address their questions and concerns regarding tax forms and paperwork
  • Review financial statements, expenses and previous tax returns to identify the best strategy for completing future returns
  • Organize and prepare income tax forms for businesses and individuals in preparation for yearly filing
  • Bachelor's degree in Finance of Accounting
  • Certification Public Accountant license is generally preferred
  • Professional experience working with confidential and sensitive information
  • Experience managing business paperwork and accounting for a large company
  • Knowledge of state and federal tax form processes and how to accurately properly prepare forms for each
  • Ability to communicate effectively and keep all departments aware of necessary documentation and paperwork
  • Professional understanding of the best accounting strategies and advanced mathematical skills
  • Experience consulting tax handbooks or other printed materials to determine the proper procedures for preparing advanced level returns
  • Skilled using tax preparation software and experience in troubleshooting common tax program challenges

Average Years of Experience

0 - 1
37%
2 - 4
58%
5 - 7
2%
8+
3%

Common Skill Sets

Excellent Communication
Excellent Organizational
Problem Solving
Microsoft Office Suite
Microsoft EXCEL
Calculations
Responses
Attention To Detail

Tax Accountant Seniority Levels

Tax Consultant
11% made the transition
Tax Professional
21% made the transition
See Career Path

Tax Accountant Salaries

Glassdoor Estimated Salary

Tax Accountant Jobs