Tax Consultant Salary
Tax Consultants in the United States can expect to earn an average of $59K per year, with late-career workers pulling down $125K on average. People who have worked for fewer than five years bring home $57K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $61K. Tax Consultants claiming one to two decades of experience make an estimated median of $60K. Tax Consultants who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $125K. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$45,665 - $87,051|
|Bonus||$498.33 - $13,489|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$39,995 - $104,273|
|Hourly Rate||$11.28 - $90.45|
|Overtime||$8.00 - $77.50|
|Bonus||$498.33 - $13,489|
|Total Pay (||$39,995 - $104,273|
Job Description for Tax Consultant
Tax consultants work with clients on their tax-related issues, such as filing a tax return. For individuals and businesses with complicated estates, preparing a tax return may be legally and logistically complex; due to the complexity and length of these returns, a tax professional is often retained by the client over multiple years.Read More...
To effectively prepare the return, the tax consultant must collect all relevant information from the client. They must then organize the information to help them file the tax return. These professionals must also be able to gather and analyze necessary information, such as the tax code for the relevant jurisdiction(s) in which the tax return will be filed and any other relevant tax laws or codes. After preparing the return, consultant reviews it with the client to address any questions, concerns or changes that the client may have.
A tax consultant often must be a Certified Public Accountant (CPA); to obtain this certification, a tax consultant must be well-versed in accounting, which often requires a bachelor's degree in accounting or a related field. Tax consultants must be strong interpersonal communicators with strong research abilities. They must also be well organized, as they often work with a substantial amount of client information and relevant tax codes.
Tax Consultant Job Listings
Popular Employer Salaries for Tax Consultant
Although Deloitte Tax LLP offers the highest salaries (median pay is $61K), survey participants reported a rather limited pay range of $51K to $76K.
Deloitte offers the lowest pay in the field with a median salary of just $55K. There's also little variation in pay at the company, with pay ranging from $49K to $77K.
Popular Skills for Tax Consultant
Tax Consultants typically list a handful of skills they use on the job. Those who have experience with Tax Consulting, Tax Compliance, and Tax Preparation can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Tax Preparation. Those proficient in Tax Compliance are, more often than not, also skilled in Tax Preparation.
Pay by Experience Level for Tax Consultant
Pay by Experience for a Tax Consultant has a positive trend. An entry-level Tax Consultant with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 159 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Tax Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 36 salaries. An experienced Tax Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 21 salaries. A Tax Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $125,000 based on 22 salaries.
Pay Difference by Location
For Tax Consultants, working in the bustling city of Boston has its advantages, including an above-average pay rate. Tax Consultants will also find cushy salaries in San Francisco (+17 percent), New York (+10 percent), Minneapolis (+10 percent), and San Jose (+4 percent). The smallest paychecks in the market, 13 percent south of the national average, can be found in Portland. Atlanta and Indianapolis are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 5 percent lower, respectively.
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Key Stats for Tax Consultant
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