The word “tax specialist” can refer to many different roles and positions – tax accountants, financial planners, taxation specialists, etc. But one thing all these roles share is the need for expert knowledge of tax. Tax specialists are the professionals who give advice on how to deal with the tax system and what to expect in the future. They use this knowledge to help businesses and individuals navigate increasingly complicated and convoluted tax codes and laws.
But how do you become a tax specialist? What does a tax specialist do? What are some tax specialist job titles you might be familiar with? And do you know someone who could use your services?
Some tax specialist job titles include Certified Public Accountant, Certified General Accountant, Certified Public Accountant (CPA), CPA Examiners, CPA Specialists, Tax Attorneys, Certified Tax Accountants, and many other related job titles. It is important to note that not all CPA jobs require a degree in accounting or any other academic degree. The only other requirement is experience as a CPA. Most CPA jobs do not require a bachelor’s degree or certification. However, many CPA jobs do require experience working as an accountant in a small firm, so you may want to consider a Master’s Degree in Accounting and a CPA designation as well.
If you have a passion for working with the tax system, and wish to work with the IRS in some capacity, becoming a tax specialist could be the right career for you. Many tax specialists work for smaller business as consultants, helping to develop strategies for minimizing the tax burden for small businesses, and working on tax appeals. Some specialize in areas such as state tax law, where the laws and regulations of each state are often very different, and they can help you navigate this complex area of tax law.
Other tax specialists work for larger companies, advising on strategies to reduce taxes by reducing expenses and maximizing profits. There are also companies that hire tax specialists as independent contractors to perform specialized financial research and analysis. Tax experts can also work as independent contractors, helping businesses analyze their tax returns and prepare and advise them on strategies for minimizing their tax liability. These types of jobs offer higher pay than the CPA jobs, but typically require a more specialized level of knowledge of accounting and/finance.
The third most common and popular job title for tax specialists is Tax Specialist. This is one job where you are not directly supervised by a tax professional, but can benefit greatly from the expertise and training that come with working with a tax professional.
The fourth most popular tax specialist job title is the Certified Public Accountant. The most common certification required to become a CPA is a bachelor’s degree and at least three years of experience working as a CPA.
Tax attorneys, on the other hand, work with attorneys who represent tax filers and advise them on all aspects of the tax process. Tax attorneys have to pass rigorous exams and pass the bar exam before being allowed to practice as a tax attorney.
Tax lawyers will sometimes work with accountants on cases that involve the filing of income tax returns or estate tax returns, while CPA tax attorneys often work on a limited basis. In either case, the tax lawyer is responsible for preparing and filing a tax return on behalf of their client, while the CPA prepares the final tax return and assists the client in the preparation process.
As previously mentioned, another popular tax specialist job title is a Certified Tax Accountant (CTA). To become certified as a CTA, you need a bachelor’s degree and at least four years of experience working in the tax field, as well as a relevant experience in your area of study. While it is possible to get a CTA designation through correspondence alone, most employers prefer to see a certification from a CPA National Council.
A major advantage of becoming a CTA or tax specialist is the salary. Whereas most CPA jobs pay well, CTA positions are often less expensive than a CPA job because of the nature of the work. Although the CTA salary is less than a CPA, your hourly rate is typically comparable. The CTA salary range is often between two hundred to five hundred dollars, while a CPA salary is closer to seven hundred dollars.
If you’re considering a career as a tax specialist or CTA, do some research online to see if there are any CTA job vacancies near you. Most of the time these positions can be found easily through government job sites.