Tax Consultant Salary
The national average salary for Tax Consultants is $58K per year; by contrast, late-career professionals enjoy a significantly higher average pay rate, around $121K. Workers with less than five years' experience earn around $58K on average, and those who have five to 10 years under their belts see a higher median salary of $67K. Tax Consultants with one to two decades of relevant experience report an average salary of approximately $61K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $121K. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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
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Popular Employer Salaries for Tax Consultant
Employees at Deloitte Tax LLP enjoy the biggest paychecks, and $61K 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 $78K.
Pay for Tax Consultants is the lowest at Deloitte, which has a median salary of $56K. In addition, there's little room to grow there, with salaries maxing out at $77K.
Popular Skills for Tax Consultant
Survey takers who work as 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. Skills that pay less than market rate include 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.