Tax accountants manage all documentation and declarations of a company's tax expenses. They use their accounting skills to prepare, monitor and verify documents required by tax authorities. They will also have to make payments. In all cases, they are responsible for protecting the interests of the company that employs them. Please note that they can choose between employee status and consultant status.
What are the main tasks of the tax accountant?
The tax accountant is a specialist in tax matters. The company he works for may decide to hire him as a permanent employee. This professional will then be assigned to the financial and accounting department. He has all the necessary skills to perform various accounting tasks, such as:
- legal accounting;
- Tax returns (VAT);
- Closing of accounting entries.
- inheritance tax
- Personal tax – personal tax accountant
- fiscal advice
- capital gains taxes
Analyze the company's situation to identify the most advantageous options for it. It should be noted that his knowledge allows him, for example, to reduce the company's tax burden.
Additionally, the tax accountant may decide to be self-employed. In this case, companies or independent entrepreneurs may use it for a fee. He provides them with relevant advice to facilitate and improve their management, whether from a financial or legal point of view.
Skills Needed to Become a Tax Accountant
The tax accountant must demonstrate rigor, have a sense of organization and be meticulous in managing their work. This profession also requires a great capacity for listening, analysis and synthesis to identify the facts and find appropriate solutions. In professional relationships he must also be a good negotiator.
On the other hand, the tax accountant must know all current tax laws. He must master tax procedures, particularly declaration procedures. He should also feel comfortable with the computer tools useful for his work. His communication and presentation skills will be of great help to you in the performance of his job.
What qualifications are required to be able to practice the profession?
The tax accountant typically completes five years of college and holds an advanced degree in accounting and management. He has chosen at least one of the following courses:
- Accounting and management;
- corporate finance;
- Legal and financial sciences;
- Trade.
Please note: to understand the complexity of this profession, interested parties undertake internships in the field of law and taxation to strengthen their knowledge in accounting.
The salary of a tax accountant.
The salary of a tax accountant depends on several variables, including experience and skills. A beginner who joins a company can expect to receive a gross monthly salary of around 2,500 euros.
As for the monthly salary of an elderly person, it ranges between 4,000 euros and 6,000 euros. In addition, it is difficult to determine the salary of an independent tax accountant, the amount of which depends on the number of clients.
The professional development prospects of a tax accountant
The tax accountant has the possibility of joining a company specialized in taxation. Within the structure you will be able to evolve in the accounting department. He will strengthen his skills with experience.
Good to know: after a few years, more or less long depending on your abilities, you will receive a promotion to a more specialized position. You will be able to continue evolving within this company or join another, where you will benefit from more advantages. It should be remembered that the tax accountant can also decide to found his own agency.
Frequently asked questions about tax accounting
What are the tasks of an accountant?
The accountant is the specialist who keeps the accounting of a company. He prepares the company's financial statements, which facilitates all the manager's decision making. He is also primarily responsible for producing and tracking documents that track the use of company funds. This information shows the financial health of the latter.
What is the area of expertise of a tax specialist?
The tax expert is a specialist in tax law who perfectly masters the current legislation on this matter. His role is to find the best options, respecting this legislation, to reduce the tax burden of a company or other professional. He works to promote the financial health of his clients.
Are an accountant and a tax specialist the same thing?
Accountants and tax experts have some common skills. Very often they may have a similar educational background. The difference between an accountant and a tax expert could be that a tax expert provides general consulting while an accountant prepares tax forms for a business or personal tax.
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