Senior tax accountants provide an important managerial role in producing tax returns for individual clients as well as businesses. They preside over a team of tax accountant specialists to make sure that the proper amount is being paid by clients to the IRS, state, and local governments. Senior tax accountants must work to ensure that a client pays what is due without overpaying or underpaying. They must have a keen understanding of all tax laws, which change from year to year.
Many senior tax accountants work in private firms dedicated to doing taxes for clients. Others may work for an individual business in their accounting branch if the company is large enough. Primary duties for a senior tax accountant include preparing tax returns, reviewing tax forms produced by the senior tax accountant's staff, assisting clients with any problems that may arise with their taxes, and estimating tax payments. Senior tax accountants must be very good with numbers and detail-oriented. They must also possess leadership abilities, as they preside over a team. While they do manage other accountants, senior tax accountants also report to a higher-level manager, usually a director of accounting. The hours for this position are typical business hours, Monday through Friday from 8 a.m. to 4 p.m. Senior tax accountants work in office settings, and the tools for work include a calculator, various tax forms, computer, telephone, pen and paper, and other normal office supplies.
Required for this job is at least a bachelor's degree in accounting, finance, or related disciplines. Many in this position have a master's degree in one of these fields. A senior tax accountant must also have five to ten years of experience as a tax accountant. Senior tax accountants may also receive certifications in their field, which may be required in some practices.
Senior tax accountants are important in making sure that accounting teams prepare taxes properly for individuals or businesses. Their services are used by just about all businesses and many individuals who are willing to pay to have their taxes done for them. Proficiency in mathematics and a high degree of organizational skills are important skills to have for a senior tax accountant.
Senior Tax Accountant Tasks
- Ensure compliance with state and federal regulations.
- Analyze tax regulations and recommend policies that minimize tax burden.
- Prepare tax returns and reports, maintain records, analyze and research complex tax issues.
- Provides support during audits.