You Guide to Becoming a Tax Manager

Tax Managers ensure tax recovery from citizens and that business is conducted appropriately. They conduct audits, review tax returns, collect overdue tax payments and identify balance taxes. They also check if returns are filed properly and also follow up with taxpayers whose returns have some discrepancy.

They are generally employed by government offices. Average annual salary earned by tax managers in 2010 is $49,360

Education

• All tax managers need a bachelor’s degree; however the experience and field of study may vary as per seniority and level of government for which they are employed.
• Degree in accounting, auditing, economics or other related degree or both are required for a tax manager job.
• Some jobs need one year full time experience over and above the bachelor’s degree.
• Those managers who take care of revenue needs bachelor’s degree in business administration, economics or related discipline. Those with IRS must have coursework of 30 semester hour or a degree.
• These managers are involved in collection must have experience in collection, tax compliance, customer service or management.
• Tax collectors get an upper edge with degree in criminal justice and accounting & finance.
• Regular updating of knowledge and being current with tax reforms and policies is a prerequisite for this job.
• All managers undergo training after being hired. This is a formal training of few hours; however this training has to be repeated at regular intervals.
• They get on-the –job training regarding tax procedures and codes.

Work Experience and Advancement

• Experience serves as additional qualification for all tax consultants.
• People with experience in bookkeeping, audit, accounting and other related fields may be considered for hire in local and state government offices.
• Tax managers can specialize in examination of tax, tax collection or revenue.
• Advance training in above disciplines may provide brighter opportunities for tax mangers with a considerable rise in income levels.

All occupation has a specific skill set required to perform the job efficiently. They must be able to analyze and understand questionable transactions. They must be able to review and financial documents and scrutinize their authenticity. They should have an eye for detail.

Moreover those managers who exhibit leadership skills and have good experience knowledge of tax can rise to supervisory levels.