Corporate Tax Accountant: Job Description, Duties and Requirements

Sep 10, 2019

Learn about the education and preparation needed to become a corporate tax accountant. Get a quick view of the requirements as well as details about degree programs, job duties and licensure to find out if this is the career for you.

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Corporate tax accountants prepare and examine corporate tax records. Accountants help corporations run efficiently and ensure they comply with current tax laws.

Essential Information

Corporate tax accountants work closely with large and small companies to prepare their income tax statements and craft tax strategies beneficial to the business. Holding a bachelor's degree in accounting and earning a Certified Public Accountant (CPA) license are typical requirements for corporate tax accountants, though a master's degree may be required by some employers.

Required Education Bachelor's degree at minimum; master's degree for some jobs
Other Requirements Work experience
Licensure and Certification CPA license typically required; voluntary certification available
Job Outlook (2018-2028) 6% growth (for accountants and auditors)*
Median Salary (2018) $70,500 (for accountants and auditors)*

Source: *U.S. Bureau of Labor Statistics

Job Description for Corporate Tax Accountants

Self-motivated and capable of working independently, corporate tax accountants also work well in groups. They take responsibility for a company's crucial and, often, confidential financial decisions, so they must be able to handle sensitive financial matters with integrity. Corporate accountants fall under the management division of accounting. They work with companies of all sizes to manage their records and analyze financial information. A corporate tax accountant analyzes complex financial scenarios and communicates the findings effectively.

Corporate Tax Accountant Duties

A tax accountant's responsibilities include filing various local, state and federal tax returns. They also keep up to date with current tax procedures and developments, as well as assist companies during internal audit processes. This involves reviewing financial statuses and operating procedures to ensure that businesses adhere to corporate procedures. Corporate tax accountants also analyze a company's structure and determine a budget accordingly. They get to make critical decisions as part of a corporate management team.

Educational Requirements to Become a Corporate Tax Accountant

A position in corporate tax accounting requires at least a bachelor's degree in accounting or a similar subject. Many companies also require a master's degree and years of experience. Candidates often need to acquire a Certified Public Accountant license from their State Board of Accountancy. Accountants who file with the Securities and Exchange Commission require this designation. Becoming a CPA involves taking a grueling four-part exam, which the American Institute of Certified Public Accountants (AICPA) administers.

Accountants can voluntarily earn other certifications, such as the Certified Management Accountant or Certified Internal Auditor designations. Certified public accountants may also pursue further designations offered by the AICPA, including the Accredited in Business Valuation. Continuing education requirements often need to be met for renewal processes.

Employment Outlook and Salary Information

In 2018, all types of accountants and auditors earned an annual median salary of $70,500, according to the U.S. Bureau of Labor Statistics (BLS). From 2018-2028, jobs for these professionals were expected to expand by 6%, per the BLS. Those with CPAs or other professional credentials could expect the most opportunities, the BLS states.

Corporate tax accountants work with a corporations financial records to ensure that tax laws are followed, the corporation runs efficiently, and detailed tax records are maintained each fiscal year.

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