In Summary - Tax Accountant
Tax Accountants typically work in the following Career Sectors:
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The Work - Tax Accountant
Most commonly reported Work Tasks
- Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
- Use all appropriate adjustments, deductions, and credits to keep clients' taxes to a minimum.
- Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.
- Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.
- Furnish taxpayers with sufficient information and advice to ensure correct tax form completion.
- Check data input or verify totals on forms prepared by others to detect errors in arithmetic, data entry, or procedures.
- Consult tax law handbooks or bulletins to determine procedures for preparation of atypical returns.
- Calculate form preparation fees according to return complexity and processing time required.
- Answer questions and provide future tax planning to clients.
- Review financial records such as income statements and documentation of expenditures to determine forms needed to prepare tax returns.
Most commonly reported Work Activities
- Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
- Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Updating and Using Relevant Knowledge Keeping up-to-date technically and applying new knowledge to your job.
- Processing Information Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Performing for or Working Directly with the Public Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
- Documenting/Recording Information Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
- Establishing and Maintaining Interpersonal Relationships Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Evaluating Information to Determine Compliance with Standards Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
- Analyzing Data or Information Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Organizing, Planning, and Prioritizing Work Developing specific goals and plans to prioritize, organize, and accomplish your work.
Interests - Tax Accountant
This occupation is typically suited for people with the following Career Interests:
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.
Entry Requirements - Tax Accountant
New entrants to Accountancy can either join following Leaving Cert, or as a university graduate. The graduate route has become the most common entry route, but the alternative accounting technician route remains popular.
To qualify as an accountant, you need to register with one of the appropriate professional bodies. You then combine on-the-job training with part-time study and written examinations.
The relevant professional bodies are:
- Chartered Accountants Ireland (CAI)
- Chartered Institute of Management Accountants (CIMI)
- The Association of Chartered Certified Accountants (ACCA)
- Institute of Certified Public Accountants in Ireland (CPA)
- Accounting Technicians Ireland
To register with one of these bodies you must meet their minimum educational requirements. If you exceed the minimum entry requirements you may be exempted from certain professional accountancy exams.
Accountancy courses are available at universities and through a range of other centers throughout Ireland.
Last Updated: October, 2014
Pay & Salary - Tax Accountant
Salary Range (thousands per year)* 22k - 135k
Tax Accountant: 40 - 70
Cost Accountant: 27 - 65
Newly Qualified Accountant: 25 - 55
Assistant Accountant : 22 - 35
Treasury Accountant: 25 - 70
Accounts Receivable: 23 - 38
SYSTEMS / PROJECT ACCOUNTANTS
Systems Accountant: 26 - 90
Project Accountant: 29 - 90
ACCOUNTS PAYABLE STAFF
Accounts Payable Clerks: 23 - 38
Accounts Payable Manager: 40 - 65
Financial/Management Accountants: 25 - 65
Financial Controller: 55 - 90
Financial Controller: (5+ yrs exp) 65 - 135
Brightwater / Sigmar / CPL / Robert Walters / Hudson / Abrivia / Lincoln
Last Updated: March, 2017
* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
Labour Market Updates - Tax Accountant
Employment growth was low for this occupation group, and, indeed, declined in the most recent year. Although they feature in the vacancy data, the recent job hires analysis indicates that churn is a significant factor in these openings. Declines in employment levels are expected to continue as some tasks become automated, although replacement demand for such a large occupation will continue to translate into job opportunities.
National Skills Bulletin 2018