Tax accountant job description

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What is a Tax Accountant?

A tax accountant is a specialist in the tax laws and regulations imposed by governments at all levels. This person prepares tax reports for submission to the taxing authorities, and also advises management on how to either minimize tax liabilities or defer the payment of taxes for extended periods of time.

Principal Accountabilities of a Tax Accountant

  1. Devise tax strategies to defer or eliminate tax payments

  2. Create tax data collection systems, and maintain the corporate tax database

  3. Complete required tax reporting in a timely manner

  4. Prepare and update tax provision schedules

  5. Update the company sales tax database as tax rates change

  6. Coordinate audits by various taxation authorities

  7. Research and correct process errors that caused incorrect tax filings

  8. Negotiate with tax authorities over tax payment issues

  9. Research the basis for tax positions to be taken

  10. Advise management regarding the tax impact of corporate strategies

  11. Advise management on the impact of new laws on tax liabilities

  12. Coordinate outsourced tax preparation work

  13. Identify tax savings in prospective acquisition scenarios

Desired Qualifications for a Tax Accountant

3+ years of tax accounting experience. Bachelor's degree in accounting preferred, or a tax concentration within an accounting program.  Must be detail oriented.