Tax Specialist

Career Area: Finance

Occupation Group: Accounting Professionals

Salary

Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.

An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.

A typical Tax Specialist earns the following wages (national and state):

State

The average salary in North Carolina for those pursuing this career is $56,886

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

National

The average salary in the United States for those pursuing this career is $60,755

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

What Does a Professional in this Career Do?

Responsible for documenting all stages of the accounting cycle in order to prepare Federal, State and local tax returns. Will review data prior to preparing the returns, prepare and file returns and will also provide background documentation in case of an audit.

Employment Trends

The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.

Job demand and job growth is expected at the following rates:

LocationGrowth
North Carolina445+3.3%
Nationwide15208-0.6%

Skills

A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:

Baseline Skills

The following are baseline skills every Tax Specialist is expected to have in order to experience success in this field:

  • Communication Skills: The ability to convey information to another effectively and efficiently.
  • Research: Experience performing creative and systematic work to understand a product, market, or customer, either before building a new solution, or to troubleshoot an existing issue
  • Problem Solving: Problem solving consists of using generic or ad hoc methods, in an orderly manner, for finding solutions to problems.
  • Written Communication: Working experience of Written Communication, which involves any type of message that makes use of the written word. Written communication is the most important and the most effective of any mode of business communication.
  • Computer Literacy: The ability to use computers and related technology efficiently for work tasks.

Specialized Skills

These skills are specific to working in this career:

  • Tax Returns: Working experience with reports filed by a revenue service or tax collection agency containing information used to calculate income tax or other taxes.
  • Tax Preparation: Working experience preparing tax returns, often income tax returns, often for a person other than the taxpayer.
  • Customer Service: Working experience with the provision of service to customers before, during and after a purchase.
  • Public Accounting: Working experience of Public Accounting, which can be viewed as firms of accountants that serve clients such as businesses (retailers, manufacturers, service companies, etc.), individuals, nonprofits and governments. Services include: preparation, review, and auditing of the clients' financial statements; tax work including the preparation of income tax returns, and estate and tax planning; consulting and advice involving accounting systems, mergers and acquisitions, and much more.
  • Customer Contact: Experience working with business processes and technologies that are designed to engage customers and facilitate communication by a variety of channels.

Distinguishing Skills

Any Tax Specialist that possesses the following skills will stand out against the competition:

  • Audit Planning: Audit planning is a vital area of the audit primarily conducted at the beginning of audit process to ensure that appropriate attention is devoted to important areas, potential problems are promptly identified, work is completed expeditiously and work is properly coordinated.
  • Individual Tax Returns: The type of tax return filed by an individual. Both single and married taxpayers, with and without dependents, file this type of return.
  • Tax Research: Working experience solving tax-related problems by applying law to specific sets of facts.
  • Tax Software: Tax software is defined as a type ofcomputersoftwaredesigned to help individuals or companies prepare for and file income, corporate and similar tax returns.
  • Tax Accounting: U.S. tax accounting refers to accounting for tax purposes in the United States. Unlike most countries, the United States has a comprehensive set of accounting principles for tax purposes, prescribed by tax law, which are separate and distinct from Generally Accepted Accounting Principles.

Experience

This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.

Experience Required%
0 to 2 years50%
3 to 5 years44%
6 to 8 years4%

Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.

Students who do not have the expected level of experience may wish to look into internship and employment opportunities.

Common Job Titles

It is possible to find work in this field in positions commonly listed as the following job titles:

  • Credentialed Tax Advisor - Cpa - Remote
  • Credentialed Tax Advisor - Cpa, Enrolled Agent Or Attorney
  • Remote Tax Advisor - Cpa, Enrolled Agent Or Attorney
  • Senior Tax Associate
  • Tax Specialist

Similar Occupations

If you are interested in exploring similar occupations, you may want to research the following job titles: