Why Become a Tax Accountant?Publish Date: Feb 9, 2010
Becoming a tax accountant can be a lucrative career choice that is quite well-suited to many people. This career is best suited to those who have strong math skills and who enjoy working with numbers, problem solving, and completing analytical work.
Atax accountant is much more satisfying than some other careers in accounting.
While you may be able to secure a lower-level position with a two-year degree, it is a good idea to earn at least a bachelor's if you plan to make a career as a tax accountant. The more schooling you complete, the better position you will be in to land the best jobs.
Having that degree will open many doors that would otherwise not be available to you. That is not to say that it is impossible to have a long, successful career as a tax accountant without such a degree, but if it is possible, having at least a bachelor's degree is best.
Obviously, this career is best suited to those who enjoy working with numbers, but there is more to being a tax accountant that just crunching numbers. They also must understand and keep up to date on current tax laws. Part of their job will be ensuring that their clients, whether a business or an individual, receives all of the tax credits and deductions which they are allowed. Tax accountants may also help clients plan for the upcoming tax year by making suggestions about donations, employees, and other factors that can have an impact on how much taxes they will have to pay.
This is a challenging aspect of the job that many tax accountants find enjoyable. While looking for creative ways to lower a client's tax bill, however, it is important to know and follow all applicable laws. There is always a juggling act of doing what is best for your clients, but doing so in an ethical way.
This challenge has the potential to make a career as a tax accountant much more satisfying than some other careers in accounting. Keep in mind that there is a difference between a tax preparer and a tax accountant.
A tax preparer may or may not have a degree. They have attended a class and received a certification in tax preparation, but will not have the in-depth knowledge that a tax accountant will. A tax preparer may be able to get a job with a tax preparation firm, but a tax accountant has many more options available.
Large businesses often have their own tax accountants on staff. There are also several tax accounting firms that small and medium businesses will hire to be sure they are getting every tax break that is available to them.
Tax accountants can work with businesses in just about any field, and some find specialized areas in which they enjoy working. For example, some tax accountants focus on health care or non-profit agencies.
A career as a tax accountant is probably going to be fairly stable. It's pretty safe to say that, regardless of who takes over at the White House, taxes are not going to be eliminated. As long as individuals and businesses are required to pay taxes, there will be jobs for qualified tax accountants.
Choosing a career in tax accounting, rather than general accounting, allows you to concentrate your studies so that you can work to become as knowledgeable as possible in this niche. By focusing on one narrow area in the accounting field, you can make yourself more valuable over time as you build both your knowledge of tax codes and your experience.
Becoming a tax accountant is a way to embark on a career that is stable, lucrative, and enjoyable.