If you run a small or large company or operate an e-commerce business, chances are you have an accountant. This may be a bookkeeper, a virtual auditor or a risk manager. The type will vary according to needs. However, it is almost certain that every business, organization, industry and government has a tax accountant.
What Is a Tax Accountant?
An accountant is an individual who has earned a degree in accounting. Tax accountants are those who specialize in all aspects of taxes. A bachelor’s degree is necessary if the accountant wants to work full-time in this area for an accounting firm or intends to obtain a license to become a Certified Public Accountant (CPA).
In Staten Island NY, the requirements to obtain a CPA license consist of
• 150 semester hours of academic credit from an accredited institution
• The passing of the licensing test with no lower than seventy-five
• One-year minimum work experience
Who Are Tax Accountants?
Tax accountants can be simple tax preparers with a background in accounting. They can also be those who have a bachelor’s degree in accounting. A CPA can also perform the duties required by a tax agent. All must be licensed.
A tax accountant must be able to know all the rules and regulations related to the calculation and preparation of all types of income tax. Whether it is municipal, state or federal, s/he must be able to prepare and file the correct tax forms making sure they are in complete compliance with all regulatory bodies.
