Posted by Robert Half Management Resources on Friday, January 10, 2014 - 00:00 | Follow me
Unemployment rates in occupations such as accounting, auditing and financial analysis have frequently been roughly half the national average or even lower for the past several years. One specific role seeing high demand is that of tax accountant.
Opportunities are expanding for tax accountants in both public and corporate accounting who can help companies navigate complex and continually changing corporate tax laws, including issues related to Financial Accounting Standards, foreign tax credits and transfer pricing.
With business becoming even more global, firms increasingly seek tax accountants with international tax backgrounds.
Since these tax professionals are highly coveted, they command competitive compensation. Here are 2014 U.S. projected annual starting salaries for senior-and executive-level tax professionals as reported in the 2014 Salary Guide from Robert Half.
$250+ million in company sales: $152,000-$249,000
$100 to $250 million in company sales: $110,500-$169,750
Tax Manager (this is a senior management position)
$250+ million in company sales: $106,750-$154,000
$100 to $250 million in company sales: $85,000-$120,000
Tax Accountant-Large Companies ($250 million+ in sales)
Tax Accountant-Midsize Companies ($25 million to $250 million in sales)
Tax Services-Large Firms ($250 million+ in sales)
Senior Manager/Director: $115,000-$190,750
Tax Services-Midsize Firms ($25 million to $250 million in sales)
Senior Manager/Director: $104,000-$161,500
Tax Services-Small Firms (up to $25 million in sales)
Senior Manager/Director: $92,500-$131,250
The demand for tax accountants is not expected to wane any time soon, so the outlook is bright for accounting and finance professionals with this skill set. Additionally, tax season presents perhaps the best opportunity for accounting and finance practitioners to explore interim and project work as a tax professional.
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