Tax Prepare Career

A tax preparer career focuses primarily on handling taxes and taking care of any related issue for an individual or a company. As a tax preparer, you will need to assess the taxable income of a business or an individual and address their tax liabilities. Some of the primary responsibilities of a tax preparer is to gather relevant financial data, information, and paperwork and work on making effective tax adjustments, identifying appropriate credits or deductions, and on the whole help in minimizing the tax obligations of their client. A tax preparer career mostly revolves around preparing and filing tax returns for small or medium sized businesses. Some of the other job responsibilities include computation of overpaid or underpaid taxes, completing tax entries on various forms, and following tax form instructions as well as tax tables.

How to become a tax preparer:

The minimum educational requirement to pursue a tax preparer career is a Bachelor’s degree in accounting or an associate degree in accounting. You can also opt for a master’s degree in accounting after completion of your undergraduate program. Working knowledge of computers is paramount and will need to use various computer programs to assist in calculation of taxes. You should be well versed with all rules and regulations of taxes. Apart from the educational qualifications, one needs to have a minimum work experience of 1 year in any field of accounts and taxation to become a tax preparer.

Tax preparer career courses, training, programs:

The basic educational requirement to pursue a tax preparer career is a bachelor or master’s degree in accounting. The various subjects that one will need to study and master include accounting, basics of accounting, applied accounting, managerial accounting, financial accounting, preparing financial statements, adjusting balances, depreciation, payroll, liabilities, stocks, bonds, cost analysis, cash flows, capital budgeting, federal income tax and structure, and much more.

Tax preparer career schools/colleges, education:

There are several top colleges and universities in the USA that offer undergraduate and graduate programs in accounts and finance.

Top 4 colleges/universities:

University of Michigan-Ann Arbor

University of Notre Dame

Indiana University-Bloomington

Ohio State University-Columbus

Tax preparer job opportunities, salaries/pay:

According to the market analysis of top consultants, the salary of a tax preparer varies from $23,910 – $57,360 per annum. The average salary for a tax preparer in the US is $46,400 per annum with the average hourly wage varying from $10.88 – $22.30 per hour.

Category: Finance Careers

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