dcsimg

A Brief Tax Accountant Salary Guide

Being a tax accountant can mean steady work that is more interesting than most people assume. A tax accountant may work as something of a problem solver, auditing accounts and looking for ways that businesses may save money on their tax liability overall.

The job itself offers many advantages; it is typically reliable work and the industry suffers few layoffs every year. As a matter of fact, there is expected to be tremendous growth in this industry in the coming decade and beyond. This is due in part to new legislation that has been passed in an effort to curb the stem of accounting fraud that has been seen in recent years. Tax accountants are needed to audit companies in order to ensure compliance to those new laws, and this means auditors that work for the government and those that work for companies in-house as well.

A good accountant with an advanced degree might have his or her sights on being a company's Chief Financial Officer, and the salaries for these types of executive positions are often in the six figures.

And being a tax accountant can often mean a very rewarding salary as well. A good accountant with an advanced degree might have his or her sights on being a company's Chief Financial Officer, and the salaries for these types of executive positions are often in the six figures.

Here are some additional salary ranges to consider when it comes to tax accountants and similar positions:

Position Salary Experience
Accountant $50,000-$70,000 First Year
Junior Staff Accountant $40,000-$60,000 First Two Years
Senior Staff Accountant $65,000-$95,000 Three Years and Beyond
Manager $65,000-$100,000 Five to Seven Years
Senior Manager $72,000-$115,000 Seven Years and Beyond
Partner $200,000-$1,000,000+ Ten Years and Beyond

These salaries do not take into consideration bonuses and other benefits offered by a company.

Factors to Consider

There are many factors to consider when it comes to salary levels for tax accountants. Typically salaries are higher in larger cities than in suburban or rural areas. The private sector may pay less than the government sector.

Also, a person's education is taken into consideration. Those with advanced degrees and experience of course have more earning potential. An accountant with familiarity with today's legislation is also more valued and may earn more, since many are being hired in response to this recent legislation.

Other Qualifications

As with any other profession, there are many other qualifications that may be important when it comes to the salaries of a tax accountant. Today's accountants may be expected to work in a team environment, so having good interpersonal skills is going to be important. A tax accountant that conducts an audit also needs to put persons at ease; often the one being audited sees an audit as an accusation rather than a standard procedure. They may get defensive when it comes to questions regarding their financial records, so a good tax accountant needs to have those interpersonal skills to put that person at ease.

Being a tax accountant can mean steady and rewarding work and a salary that is often higher than average. It is definitely a career choice worth considering!