A Tax Analyst is responsible for researching and preparing tax reports and filings. They must have a strong understanding of tax laws and regulations in order to effectively advise clients on compliance issues. Tax Analysts often work with clients to resolve tax-related disputes with the IRS or state tax authorities. They may also be involved in auditing financial records and preparing tax returns. Tax Analysts typically work for accounting firms, law firms, or corporations. Some may also work for the government or non-profit organisations.
Qualifications, training and skills required
A tax analyst is responsible for researching and preparing tax reports and filings for an organisation. They must have a strong understanding of tax law and be able to identify potential areas of savings and efficiencies. Tax analysts must be highly analytical and detail-oriented, with excellent research and writing skills. They must also be able to work independently and meet deadlines in a fast-paced environment.
Most tax analyst positions require at least a degree in accounting or a related field, though some employers may prefer candidates with advanced degrees or professional certification. Strong computer skills are also essential, as tax analysts often use tax software to prepare their reports.
Extra desired training
Good understanding and application of accounting concepts; knowledge of tax preparation software and tax research databases
A capability to analyse and synthesize large amounts of data and related compliance/regulations
Accounting and mathematics skills necessary to handle payroll tax issues, audits, and reconciliations
Accurately filling out reports, preparing documents, and efficiently performing other tasks as assigned
Proficient with Microsoft Office tools and all-round computer skills
Good attention to detail and excellent problem-solving skills
