A great career option for someone with a bookkeeping certification to consider is becoming a tax accountant. Tax accountants are in great demand and as complications surrounding tax codes are sure to continue for years to come. According the United States Bureau of Labor Statistics, the number of accountants working in the United States is expected to increase by 16% between 2010 and 2020.
What Tax Accountants Do
A tax accountant will typically take care of taxes, audits and record keeping for individuals, small business and large companies in need of these services. These professionals can either work for one organization in this role or function as a CPA working for a number on entities in a freelance capacity.
Tax accountants will possess an immense amount of knowledge in the area of tax preparation. Depending on the size and details of the client’s needs, they may also be a practicing CPA or attorney specializing in tax law.
How to Become One
Becoming a tax accountant will require extensive education and pursuing a series of certifications one that education is complete. The first step is a completing a bachelor’s degree program in accounting from an accredited university or degree program. While some state’s will allow a number of years of work experience to substitute for a obtaining a college degree, in almost every instance an individual’s career prospects will be aided by completing a degree program.
Then you will be required to become licensed to practice as a CPA. CPA’s are licensed by their state’s board of accountancy and the process may vary from state to state.
What Kind of Education and Training is Required?
If you do decide to enroll in classes to become a CPA and head towards a career as a tax accountant, the courses you take will be far more detailed than the general accounting classes you’ve like taken up to this point. CPA programs will go much deeper into accounting and business theories, preparing them for all the intricacies of the United States tax code.
If you are considering enrolling in classes to study tax accounting, you can expect to take courses in:
- General Accounting
- Business Law
- Corporate Taxes
- Managerial Finance
- International Law and Business
- Financial Accounting
- Tax Principles and Policy
Financial Aid Is Available
The cost of pursuing an advanced degree or training can make it difficult to get started. Luckily for you, there are a number of programs out there to help prospective students to finance their education.
One way you can get started is by completing the Free Application for Student Aid or FAFSA. You can also contact the financial aid office of school you are thinking of attending. They may already have a number of financial aid programs in place that can help you pay for your studies.
Tax Accountant Salary
Tax accountants are very well compensated as their education and training makes them a rare commodity and their skills are in constant and high demand. According to The United States Bureau of Labor Statistics, the median salary for accountants was $63,550 in 2012.
How to Get Started
If you think that you’re ready to get started on becoming a CPA and pursuing a career as a tax accountant, getting started is easy. You can use the search option at the top of this page to find out all about the many accounting programs available in both online and classroom environments. Good luck on your studies and your new career in the accounting field!