Tax Advisor Job Description

Some of the most prevalent disadvantages to an occupation in this field are the hours necessary. As a CPA with a large accounting firm I would expect a typical work week of 40 to 50 hours. But, during the tax season, January through April, it could be as many as 70 hours per week (S. Westfield, personal interview, August 1, 2008). Since I have already been employed within the accounting industry for some time now, my family and I are used to the long hours and fluctuation during busy times.

The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities

The second type of employee is an investor/fund level accountant. These employees are usually acquired to the company from public accounting firms. They are responsible for much more advanced accounting and work closely with the firm’s financial statements. Investor level accountants are more likely to have their CPA. They also deal with much more complex deadlines, which accounts for their more complex hours.

The services that were offered in the accounting firm consisted of tax return preparations, basic accounting services, and bookkeeping services. Consulting services were available to assist the community with people developing budgets for personal and businesses purposes.

The commissioner is responsible for establishing all required offices within the Internal Revenue Service necessary to enforce these rules. This includes the Office of Professional Responsibility, an office responsible for disciplinary actions, as well as an administrative office to handle applications in addition to continuing education and competency testing. In order for an attorney to practice, they must not currently be under suspension or disbarment and file a written declaration with the IRS saying they are qualified to represent the party/parties. Similarly, Certified Public Accountants (CPAs) must also be free from suspension or disbarment and submit a written declaration saying they are qualified to represent the parties. Enrolled agents must just simply be free of suspension and disbarment, but are not required to submit any declaration. Practicing as an enrolled actuary is subject to the same rules as attorneys and CPAs, but is limited to representing issues within title 26 of the United States code (mostly related to employer contribution funds and taxing on those plans). Likewise, Enrolled Retirement Plan Agents are also subject to the same rules as attorneys and CPAs, but are limited to issues related to employee retirement plans and the taxing related to them. A Registered Tax Preparer also follows the same rules, but is limited to preparing tax returns and other documentation to be sent to the IRS. Tax preparers are restricted from giving tax

Another of my duties at Taxfile was to monitor tax investigations to verify if the client needed to amend any tax income. I achieved this by requesting and researching for supporting documents, such as financial statements, mortgages and certificates of interest through the client or by locating information through third parties. This is evidence of my ability to resolve issues and deal with complex enquires independently.

Prior to my career at State Farm I worked at Jackson Hewitt P & M Accounting as a Tax Consultant, developing my customer service skills both in person and over the phone. I reviewed and prepared financial records, such as prior tax return forms, legal documents, income statements, and documentation of expenditures to determine forms needed to prepare returns. At Remx Specialty Staffing, as an Accounting Assistant I prepared accounts payable, accountings receivable, spreadsheets, sales and

On a daily basis, tax examiners collect taxes from individuals or businesses, working under the state, local or federal government. Most perform their job within an office setting and work full-time. I chose this career to research because it sparked my interest and had multiple similarities to accounting, a field I am already well informed in.

In regards to tasks, accountants perform a variety of different tasks ranging from working outside showing homes to working in an office preparing tax returns. Some examples are IRS auditing, proposing solutions to financial and business problems and represent clients before taxing authorities. Bankruptcy trustee is another duty of an accountant. A bankruptcy trustee tries to minimize the amount of money creditors will gain from your bankruptcy. Accountants also work with properties, they can evaluate a property, assure a property and can be realtors. An accountant’s income can vary between $46,000 and can be as high as $128,000. Employment for an accountant is expected to grow 10-17% during the next 10 years, which is faster

In some cases, accountants may be retained as consultants to gather and interpret facts, prepare analyses, help the attorney interpret evidence and advice about issues and strategies in legal matters. It is important to remember that it is not the Forensic Accountants that determine fraud, but instead the court." (David Malamed, Forensic Accountant, Toronto Ontario.) The accountant’s testimony helps the jurors or judges understand the evidence or

Auditors must follow certain rules and report the facts without bias or other influences. Performing this necessary task is essential "because it ensures the integrity of the financial information on which our economic system depends." As well as auditing, public accountants consult and offer advice to companies. "Consulting services provided by CPAs may range from brief discussions with clients in the form of consultations or may involve larger initiatives such as implementation, transaction, or support services." Consulting allows accountants to move from company to company, giving them a wide array of knowledge regarding the running of different companies and how to handle certain situations. Public accountants can choose to specialize in taxes, auditing, consulting, or a plethora of other opportunities.

Accountants earn on average of 67,190 annually, according to the U. Bureau of Labor Statistics. Average growth rate in the field is 11%, surpassing other job rate growths. As long as the economy continues to expand, accountants will always be in demand. Businesses expand, new businesses are established, and the need for competent accountants grows. (Dept. labor) Within the accounting field, there are different career options, including public accounting, private accounting, and auditing. I aim to develop my skills as a private accountant, as well as to file basic tax returns for family, friends, and myself.

Ask prospective accountants questions to determine their skills, level of service and commitment to you as a client. Even accountants with the most impeccable credentials and the top CPA firms usually won 't do your business much good unless they understand your industry. Certified Tax Coaches come from a range of backgrounds in specialized niches like manufacturer accounting, construction, SMB businesses, various investment specialties and insurance products that reduce risks. Top questions to ask prospective accountants include:

As a clerical accountant, I have been involved in various duties. The first is that I have participated in the posting of both financial and statistical information to company journals, ledgers, logs as well as other records through the use of hand posting techniques and computers. I have also reviewed source documents of accounting information to ensure they are accurate and that the proper amounts and account codes are attached to each transaction. I also verified the accuracy of invoices, quotations, and orders to ensure they are entered correctly into the general ledger account. I have also been involved in balancing the company petty cash books and preparing it for reconciliation. Following up on any payments that are overdue was also part of what I worked with. Among other duties, I also prepared local purchase orders, assisted in the maintenance of financial records, grants and contract files, maintained vendor files and assisted in the preparation of payroll by verifying timecards and other payroll reports.

Duties for both accountants and auditors include analyzing and preparing financial documents for completeness and accuracy. They also brainstorm ideas to decrease costs or expense to increase overall profit. Businesses and corporations are required to display their financial standings publicly by law so potential