Tax Consultant Salary
Very senior Tax Consultants rake in top-notch pay; their $121K-salary trumps the national average for others in this profession ($58K annually). Salaries for inexperienced workers average out to $63K, and those with five to 10 years' experience earn a higher median of $57K. After working for 10 to 20 years, Tax Consultants make a median salary of $61K. Professionals who have racked up more than two decades of experience enjoy comfortable salaries; at this stage, median wages are a cushy $121K. Participants in PayScale's salary questionnaire provided the particulars of this report.
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.
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Popular Employer Salaries for Tax Consultant
Employees at Deloitte Tax LLP enjoy the biggest paychecks, and $60K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $51K and higher ones not far away at only $79K.
Deloitte offers the least pay with a median salary of $55K; furthermore, salaries there max out at only $77K.
Popular Skills for Tax Consultant
Tax Consultants report a focused set of job skills. Those who have experience with Tax Consulting, Tax Compliance, and Tax Preparation can expect to be compensated well for these skills. At the other end of the pay range are skills like Tax Preparation. Most people experienced in Tax Compliance also know Tax Preparation.
Pay by Experience Level for Tax Consultant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
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Key Stats for Tax Consultant
Rated 5 out of 5
based on 28 votes.