What does a Tax Analyst do?
Published 3 min read
A tax analyst is responsible for researching and analyzing tax law to ensure that the company they work for is in compliance with all federal, state, and local tax regulations. They also prepare tax returns and help to minimize the amount of taxes the company owes.
Tax Analyst job duties include:
- Research and analyze tax law to determine the impact on individuals or organizations
- Prepare tax returns, ensuring compliance with federal, state, and local regulations
- Advise clients on tax planning strategies to minimize their tax liability
- Represent clients before the IRS or other tax authorities
- Conduct audits of taxpayers to ensure compliance with tax laws
- Prepare reports detailing findings from audits
- Identify areas of non-compliance and recommend corrective action
- Train and mentor junior staff members
- Stay up-to-date on changes in tax law
Tax Analyst Job Requirements
A Tax Analyst typically needs a bachelor's degree in accounting, finance, economics, or a related field. Many employers also require certification, such as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA). Tax Analysts also need strong analytical and research skills, as well as experience working with tax software.
Tax Analyst Skills
- Tax
- Taxation
- Taxable
- Taxpayer
- Taxation system
- Tax return
- Income tax
- Capital gains tax
- Property tax
- Sales tax
- Payroll tax
- Excise tax
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How to become a Tax Analyst
A tax analyst is a professional who provides analysis and support in the area of taxation. Tax analysts work with both individuals and businesses to help them comply with tax laws and regulations. They may also provide tax planning and advice to minimize a taxpayer’s liability.
Becoming a tax analyst typically requires at least a bachelor’s degree in accounting, finance, or a related field. Many employers also prefer candidates who have completed coursework in taxation and who are certified public accountants (CPAs). Strong analytical, research, and communication skills are also important.
Most tax analysts work in the accounting departments of businesses or in the tax departments of accounting firms. They may also work for government agencies or as independent consultants.
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