If you’re looking to become a tax accountant, it’s helpful to know the process and how difficult it is to become one. This can help you gauge your expectations and know if the career is right for you.
Though becoming a tax account is not easy, mentally preparing for it and leaning on others in the field can be tremendously helpful.
To help you learn, this is everything you need to know about a career in tax accounting.
What Do Tax Accountants Do?
Tax accountants are responsible for preparing tax documents for federal, state, and local filing. Tax accountants are experts in tax codes and help clients understand their tax liabilities. Businesses may also lean on tax accountants to see how they can legally avoid certain taxes or get tax breaks.
Qualifications for Tax Accountants
To become a tax accountant, you must get a four-year degree from an accredited university. Though there isn’t a specific college degree you have to have, it’s helpful to get a degree in accounting, economics, or another business-related program.
It’s also helpful to take extra classes in taxation and build on your math skills.
If you want to do corporate tax accounting, you’ll need to take a short exam to obtain a Certified Public Accounting (CPA) license. To be qualified for the exam, you’ll need to take an additional 150 semester hours on top of your four-year degree.
Once you’ve obtained your CPA license, you may have more requirements based on the specific type of accounting you want to do. It generally takes about 4-5 years to become qualified enough to be a tax accountant.
Working Environment of Tax Accountants
The working environment of tax accountants is in a typical office setting. If you’re successful, you may have the opportunity to start your own tax accounting business like freedomtaxaccounting.com. This gives you the freedom to create any environment you want.
Keep in mind that the busiest time of the year for tax accountants is during tax season between January 1 and May 1 of the year. This creates a hectic work environment that may require long work hours.
How Much Money Do Tax Accounts Make?
The tax accountant salary varies between $53,240-$90,670 in the United States, with an average salary of $73,560. The factors affecting your salary are your location, the type of tax accountant you are, and your experience level.
The longer you’re a tax accountant, the higher your salary will become.
Now You Know the Process of Becoming a Tax Account
These are all the basics involved in becoming a tax accountant. If you’re willing to undergo the process to get qualified, you’ll be well on your way towards beginning this career.
Becoming a tax accountant is not easy, but it’s not impossible if it’s something you’re passionate about. It takes time, patience, and hard work, but you can do it.
It can help to find other tax accountants that can help mentor you through the process by looking up the “best tax accountants near me.”
So, stop procrastinating! Start your path towards becoming a tax accountant today.
And if you want to learn about other cool topics in business, be sure to check out the rest of our blog. We have a bunch of other articles that you’ll love!