Tax Accounting Manager Salary
The average Tax Accounting Manager in the United States can expect to rake in roughly $85K per year. Most Tax Accounting Managers survey respondents are women (79 percent). The majority of Tax Accounting Managers claim high levels of job satisfaction. Almost all enjoy medical while a majority get dental coverage. Vision coverage is also available to the larger part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Job Description for Tax Accounting Manager
A tax accountant manager is a person who supervises the preparation of tax reports on monthly, quarterly, and yearly bases. The tax account manager helps to ensure compliance with existing federal tax laws, typically supervising a team of tax accountants for the company. The tax accountant manager will also normally be responsible for reporting tax expenses for official documentation purposes, as well as tax process auditing. Finally, the tax account manager helps the company with tax planning moving forward, helping the company control this expense as much as possible.Read More...
As a manager, this employee will typically work as the supervisor of an accounting team, who collect all data related to taxable transactions within the company. They also help to put together a clear and defensible report detailing the tax expense burden the company bears for that accounting period. Typically, the account team will break down these expenses and itemize them in great detail. The tax account manager will then include these in official reports to board members and financial officers within the company.
A tax account manager must typically have an accounting degree from a university and be a certified public accountant. Most companies also seek individuals with corporate tax accounting experience for this position. They may prefer those with some prior supervisory experience. A tax account manager typically works in an office environment during regular hours of the week.
Tax Accounting Manager Tasks
- Interact with clients to obtain necessary information, identify needs, and meet deadlines.
- Supervise tax accounting staff and all reporting.
- Prepare and review reporting requirements and documentation for income, taxation, and compliance.
- Analyze, evaluate, and improve tax reporting process and reports.
Tax Accounting Manager Job Listings
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Pay by Experience Level for Tax Accounting Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Those in the early stages of their career can expect to make around $76K; however, individuals with five to 10 years of experience bring in $85K on average — a distinctly larger sum. For Tax Accounting Managers, 10 to 20 years of experience on the job amounts to an average salary of $87K. Tax Accounting Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $84K.