Tax Preparers: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment



Tax Preparers jobs information
pros and cons of being a Tax Preparer

Tax Preparers

Other names for this job might include Certified Income Tax Preparer (CTP), Corporate Tax Preparer, Enrolled Agent, Income Tax Advisor, Income Tax Consultant, Income Tax Expert, Income Tax Preparer, Licensed Tax Consultant, Master Tax Advisor, Tax Advisor


  • $44730
    Salary
  • 68%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

C+



Tax Preparers: Know It All In 1 Minute


In this career summary, you will find out what the job of A Tax Preparer is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Tax Preparers prepare tax returns for individuals or small businesses.

  • Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
  • Use all appropriate adjustments, deductions, and credits to keep clients’ taxes to a minimum.
  • Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.
  • Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.

Read more about what does A Tax Preparer really do at work and what is it like being and working as one.


Become one

schools for Tax Preparers

Interested in becoming A Tax Preparer? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Click to start becoming a Tax Preparer




Salary

Average salary
$44730 per year

Hourly wage
$21.5 an hour


Tax Preparers with little to no experience tend to make between $19330 and $24180 while the more experienced ones make over $57200 per year.

Top 5 paying statesHourlyAnnual
NY$28.17$58600
MA$28.1$58450
CO$27.49$57190
HI$27.14$56450
CA$27$56170

1 of the easiest ways to increase your salary as A Tax Preparer is to move to a higher paying state like NY. Right now, the highest paying states for Tax Preparers are NY, MA, CO, HI and CA.

However a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Tax Preparer is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Tax Preparers make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
High School Diploma (or GED)

We asked other Tax Preparers what degree they had when they got the job and most of them said they had a High School Diploma followed by Associates degree.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Accounting Technology/Technician and Bookkeeping
Taxation

Another popular question from our readers is what makes A Tax Preparer successful or would they be good in this career.

Well, we found that most successful Tax Preparers have these 5 skillsets.

Reading Comprehension
Active Listening
Critical Thinking
Speaking
Writing

In addition to that, 1 common characteristic among successful Tax Preparers is they are good at Attention to Detail. Here are the top 5 common characteristics.

Attention to Detail
Integrity
Dependability
Achievement/Effort
Stress Tolerance
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Tax Preparer and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Tax Preparer as your career.

PROS
Suitable for people who likes to follow routines
Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment
This career is perfect for people who love to work indoors.
It is not too difficult to get into this career. Previous workrelated skill, knowledge, or experience is required for this career.
CONS
Not suitable for people who likes to work with designs
Salary is below average
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
68%

Is this job meaningful
35%


Working hours
More than 40 hours per week

Working schedule
Seasonal (only during certain times of the year)


On a normal working week Tax Preparers work More than 40 hours per week.

68% of Tax Preparers said they were satisfied with their job and 35% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



How we can help

Start your journey to be A Tax Preparer

Get the best college for Tax Preparers


Discover the best colleges for your $$$


Find colleges have the highest earning grads


Yes, I'm sure


Rank: C
Salary: $50120

They perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.
Rank: C+
Salary: $38070

They compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
Rank: A
Salary: $73670

They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: C
Salary: $38120

They interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.






Trusted by over 50,000 fans

[easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]

Career type

Business and Finance
Business Financial Management and Accounting
Financial and Investment Planning
Revenue and Taxation

Other Careers Like This


Help Others Out



Learn more about Tax Preparers

Summary (You are here)
Job Description
Salary
Requirements
Is This Right For Me

Study To Be A Tax Preparer


Related to Tax Preparers Career Information

Tax Preparers job description, Tax Preparers salary, Tax Preparers information, what is the job of a Tax Preparer like, pros and cons about Tax Preparers, colleges and universities for Tax Preparers, is Tax Preparers the right career for me, Medium careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/oes/current/oes132082.htm
http://www.bls.gov/opub/ted/2016/concentration-of-tax-preparers-and-accountants-and-auditors-in-2015.htm

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Tax Preparers
Written by: Stanley Tan
Tax Preparers prepare tax returns for individuals or small businesses.
3.8 / 5 stars

Leave a Reply

Your email address will not be published. Required fields are marked *