What do you know about tax accountant jobs and the salary ranges they're demanding?
If you're an experienced tax accountant, you’ll be glad to hear your specialist skills are in high demand, according to Robert Half’s latest Salary Guide for Accounting and Finance. The average tax accountant salary is rising as employers compete for the best candidates in this hot area.
And if you’re seeking your first tax accountant role, you’ll find that even entry-level positions can offer attractive compensation.
Tax accountant salary benchmarks
To benchmark your tax accountant salary, review the Salary Guide, which provides national average starting salary ranges for roles at all experience levels in accounting and finance. Salary ranges for this position vary according to experience as well as company size.
A corporate tax accountant with one to three years’ experience working in a midsize company can expect a starting salary in the range of $57,750 to $75,000 in 2017. That's an increase of 3.7 percent from the year before. (Midsize refers to companies with $25 million to $250 million in annual sales revenues.)
If employed by a large company (organizations with annual sales revenues over $250 million), the same tax accountant is likely to benefit from a higher starting salary range of $60,750 to $82,000, which is 3.6 percent higher than last year’s range.
If you have less than one year of experience as a tax accountant, your projected starting salary ranges for 2017 are $50,250 to $62,000 at midsize companies, and $51,750 to $64,750 at large companies.
Duties and expectations
Your responsibilities as a tax accountant depend on your level of experience. In entry-level tax accountant jobs, you can expect to:
- Assist with tax preparation
- Research and maintain tax records
- Administer the tax compliance calendar
More experienced tax accountants will also typically:
- Research tax laws and regulations
- Complete corporate tax returns
- Respond to tax authority communications
- Assist with tax audits
Professional experience and skills
Entry-level tax accountants need a bachelor’s degree in accounting or finance. Gaining relevant work experience during college will make your resume more attractive to hiring managers.
If you want to progress to a senior tax accountant role, you’ll find an MBA or a professional accreditation — such as the CPA or CMA (certified management accountant) designation — can give you an edge.
Every tax accountant needs top-notch research, organization and communication skills, along with proficiency in Microsoft Excel. A commitment to ethics and a strong attention to detail are also critical.
For tax accountant positions requiring more than one year of experience, employers seek candidates who understand enterprise resource planning (ERP) systems as well.
Check out our database of accounting and finance jobs to find promising opportunities in your area.
Editor's note: This post was originally published in 2015 and has been updated recently to reflect information from the latest Salary Guide.