Tax Accountancy is a sub-specialty of an Accounting Degree. Its thrust is to assist and lend a hand to individuals, companies, and government (city, state, federal, foreign) on tax obligations and its many intricacies.
What Kind of Jobs Can I get with an Accounting- Tax Accountancy Degree?
You could be a CEO (Chief Executive Officer) or a CFO (Chief Financial Officer) or as a Tax accountant, you prepare an individual tax return. You estimate a company’s tax obligation. You calculate the capitalization of a business venture. You advise clients on business expense deduction. In addition, you aid managers, investors, tax authorities make decision about allocation of capital and resources. At the same time, you prepare tax income statements of personal and corporate nature; you analyze and communicate finance-related information; you develop strategies when to expense items and adjust tax deferments. Simultaneously, with all of these roles, you give advice to a company about its fiscal policies, controls and procedures while, of course, complying with the regulated standards. To work as a tax accountant, you are obliged to familiarize yourself with the IRS permitted accounting method and its set deadline. The busy months of tax payments and preparation are January to April 15.
How Long Does It Take to Get a Tax Accountancy Degree?
There are different time frame for each level. The degree levels are Associate, Bachelor, Master, and Doctorate.
Associate takes 2 years, Bachelor takes 4 years, Master takes about 18 months or more, Ph.D. or Doctorate takes 2-5 years plus a requirement of 8 years of experience. If you enroll online, you’ll get the degree 7 days after writing and submitting your thesis.
How Much Can I Earn with an Accounting-Tax Accountancy Degree?
With a diploma in Associate, your possible job is to be a bookkeeper in a local business or wherever you are hired. You earn 50% less than someone who has a BS degree.
A Bachelor degree may land you an employment in local and state government and non-government organizations, and multinational companies. You earn twice with a BS degree than with an Associate diploma.
A Master degree receives a high salary especially in a high-level employment in finance, marketing, operation, and management companies.
As a Doctorate degree holder, you’ll be hired as an accounting researcher in government, companies, accounting firms, and colleges or universities. The salary is negotiable.
What Are Common Classes Involved in Earning an Accounting-Tax Accountancy Degree?
If you prefer to enroll online, you determine the schedule, the pace, and the deadline of the requirements and projects but the basic classes are the same as those who are enrolled in campus, such as Introductory Accounting Principles, Auditing, Tax Regulations(country and international) Management Accounting, Financial Accounting, Ethics, and Research Analysis.
What Levels of Degrees Can Be Gained with an Accounting-Tax Accountancy Degree?
Associate (financial records and tax return preparation, complete and evaluate financial records), Bachelor (analyze financial information), Master (tax reporting, tax planning, tax research skill), Doctorate (analysis, research, advise).
What are the Best Colleges to Get an Accounting-Tax Accountancy Degree?
CAMPUS : In Washington, Golden Gate University (main campus in San Francisco California), Antioch University, Bates Technical College, Bellevue College, Bellingham Technical College, Big Bend Community College, Cascadia Community College, Central Washington University, Centralia College, City University of Seattle, Clark College.
Other states : Athens State University, Alabama Southern Community College, Alabama State University, Alabama A&M University, Houston University, University of Michigan in Ann Arbor, University of Southern California, Brigham Young University, Stanford University, Globe University, Strayer University, Bedford University, Walden University, University of Phoenix.
ONLINE : Asworth College, Globe University, Strayer University, Kaplan University.
What is the Average Cost of an Accounting-Tax Accountancy Degree?
Fees vary, depending on the degree levels and on the discretion of the college. Grants and scholarships are offered in some schools.