Tax Adviser Career

A tax adviser as the name suggests uses their knowledge in tax legislation to provide consultancy as well as advisory services to their clients. A tax advisor career is lucrative and at the same time requires one to have thorough knowledge of tax benefits, exemptions, and advantages. A tax advisors role is important to an individual as well as an organization. The bottom-line is that they help in saving tax!

How to become a Tax Adviser:

In order to pursue a tax adviser career one needs to be an expert in all areas of finance and especially in taxation. They need to know the tax laws in their country or state like the back of their hand. In order to achieve this, one needs to successfully complete a 4-year bachelor program in accounting or finance. There are no separate bachelor programs in taxation and the BA or BS in accounting or finance will suffice the educational requirements.

Tax Adviser career courses, training, programs:

A BS degree in accounts or finance can be followed up with a CPA exam, which will help in furthering tax adviser career. Some organizations also require a total of UCAS points (Grade E or 40 points to Grade A or 140 points), which will depend entirely on the subjects opted for during a BS degree. Aspiring tax advisers can also take the CTA (chartered tax adviser) examination by qualifying for enrollment in The Association of Taxation Technicians.

Tax Adviser career schools/colleges, education:

If one takes up a BS degree in accounting then the major focus area will be finance and accounts. If one opts for CTA then they will be able to focus on tax related subjects like taxation of individuals, taxation of trusts and estates, taxation of owner managed businesses, taxation of companies, vat, and advanced corporation tax among others. This will help in laying a strong foundation taxation, which will help aspiring tax advisers when they are on the job.

Top 5 colleges/universities:

Harvard Law School

University of San Francisco

New York Institute of Finance

Santa Barbara City College

National Tax training school, New Jersey          

Tax Adviser job opportunities, salaries/pay:

The average salary for a tax adviser in the USA varies from $46,000 to $70,000 annually. Tax advisers also get bonuses that range from $500 to $12,000 per year.

Category: Banking Careers

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