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Taxation Accountant: Key Roles and Responsibilities

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The taxation accountants manage all the documentation and declarations for a company’s tax expenses. They use his accounting skills to prepare, monitor and verify the documents required by the tax authorities. They will also have to make payments. In all cases, they are responsible for protecting the interests of the company that employs him. Note that they have the choice between employee status and consultant status.

What are the main tasks of the taxation accountant?

The taxes accountant is a specialist in tax matters. The company for which they work may decide to hire them as a permanent employee. This professional will then be assigned to the financial and accounting department. He has all the skills necessary to carry out various accounting tasks, such as:

Legal bookkeeping;
Tax returns (VAT);
Closing accounting entries.
inheritance tax
Personal tax -personal tax accountant
taxes advice
capital gains taxation

He analyzes the company’s situation in order to identify the most advantageous options for it. It is worth noting that his knowledge allows him, for example, to reduce the company’s tax burden.

In addition, the taxes accountant may decide to work on his own account. In this case, companies or independent entrepreneurs will be able to call on him, for a fee. He gives them relevant advice to facilitate and improve their management, whether from a financial or legal point of view.

Skills required to become taxation accountant

The tax accountant must demonstrate rigor, have a sense of organization and be meticulous to managing his work. This profession also requires a great capacity for listening, analysis and synthesis to identify the facts and find the appropriate solutions. In his professional relationships, he must also be a good negotiator.

On the other hand, the tax accountant must know all the tax laws in force. He must master the tax procedures, in particular those of declarations. He will also have to be comfortable with the computer tools useful for his work. His communication and presentation skills will be of great help to him in carrying out his work.

What diplomas are required to be able to practice the profession?

The tax accountant generally completes five years of university studies and holds a higher diploma in accounting and management. He has chosen at least one of the following courses:

Accounting and management;
Corporate finance;
Legal and financial sciences;
Commerce.

Please note: to understand the complexity of this profession, interested parties complete internships in the field of law and taxation to strengthen their knowledge in accounting.

The salary of a taxation 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.

Concerning the monthly salary of a senior, it fluctuates between 4,000 euros and 6,000 euros. Furthermore, it is difficult to determine the salary of an independent tax accountant, the amount of which depends on the number of clients.

The career development prospects of a tax accountant

The tax accountant has the possibility of joining a company specializing in taxation. Within the structure, he 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 his abilities, he will receive a promotion to a more specialized position. He will be able to continue to evolve within this company or join another one, where he will benefit from more advantages. It should be remembered that the tax accountant can also decide to found his own agency.

Taxation accounting FAQ

What are the tasks of an accountant?

The accountant is the specialist who manages the accounting of a company. He prepares the financial statements of the company, which facilitates all the decision-making of the manager. He is also the first person responsible for the production and monitoring of documents tracing the use of the company’s funds. This information shows the financial health of the latter.

What is the area of ​​expertise of a tax specialist?

The tax specialist is a specialist in tax law who perfectly masters the legislation in force in this area. His role is to find the best options, in compliance with this legislation, to reduce the tax burden of a company or another professional. He works to promote the financial health of his clients.

Is an accountant and  tax specialist the same? 

Accountants and tax experts have some common skills. Very often they may have similar academic background.The difference between an accountant and taxation expert could be that a tax expert provides general consulting while an accountant prepares tax forms for a business or personal tax.