Job Description

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Accounting, Payroll and Finance > Tax Accountant

Salary National Average

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75000.0000 90000.0000 110000.0000

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Short Description:

A Tax Accountant specializes in tax-related matters and is responsible for preparing and filing accurate tax returns for individuals or organizations. Their duties include staying updated on tax laws and regulations, identifying opportunities for tax deductions or credits, and providing guidance on tax planning strategies. Tax Accountants also communicate with clients to gather necessary financial information, address inquiries related to tax matters, and ensure compliance with tax laws. Strong analytical skills, attention to detail, and a comprehensive understanding of tax codes are essential for success in this role, as Tax Accountants play a crucial role in optimizing tax efficiency and minimizing liabilities for clients.

Duties / Responsibilities:

  • Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.
  • Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.
  • Use all appropriate adjustments, deductions, and credits to keep clients' taxes to a minimum.
  • Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
  • Review financial records such as income statements and documentation of expenditures to determine forms needed to prepare tax returns.
  • Furnish taxpayers with sufficient information and advice to ensure correct tax form completion.
  • Consult tax law handbooks or bulletins to determine procedures for preparing atypical returns.
  • Calculate form preparation fees according to return complexity and processing time required.
  • Check data input or verify totals on forms prepared by others to detect errors in arithmetic, data entry, or procedures.

Skills / Requirements / Qualifications

  • Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Mathematics: Using mathematics to solve problems.
  • Accounting Software: ATX Total Accounting Office; Intuit QuickBooks software; Intuit Quicken software; M8 Client Billing software
  • Document Management Software: Laserfiche Avante
  • Electronic Mail Software: Email software; Microsoft Outlook
  • Financial Analysis Software: Datair Employee Benefits Systems software; Sales Tax Tools; Sales Tax Researcher; Sungard Relius software; Sync Essentials Trade Accountant
  • Project Management Software: ACI TaskTracker; Sage CPAPractice Manager
  • Spreadsheet Software: Microsoft Excel; Thomson GoSystem MyTaxInfo
  • Tax Preparation Software: ATX Total Tax Office; CCH ProSystem fx TAX; Creative Solutions UltraTax CS; Datagroup ElectroFile 1040

Job Zones

  • Title: Job Zone Three: Medium Preparation Needed.
  • Education: Most occupations in this zone require vocational school training, on-the-job experience, or an associate's degree.
  • Related Experience: Previous work-related skill, knowledge, or experience is required for these occupations. 
  • Job Training: Employees in these occupations usually need one or two years of on-the-job experience and informal training with experienced workers. A recognized apprenticeship program may be associated with these occupations.
  • Job Zone Examples: These occupations usually involve communication and organizational skills to coordinate, supervise, manage, or train others to accomplish goals. 
  • Specific Vocational Preparation in years: 1-2 years preparation (6.0 to < 7.0)

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