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As a Tax Accountant, you help businesses and individuals prepare their taxes. That may seem simple, but there’s a lot to it.
For most individuals whose employers automatically withhold taxes from every paycheck, filing once a year is often a simple matter. You can possibly help these people save some money with the proper deductions. Individuals rely on your specialized knowledge to maximize their refund or minimize their loss.
Meanwhile, businesses and private contractors may rely on Tax Accountants much more. In addition to seeking business advice that can decrease their tax burden, both declare their taxes quarterly, requiring more frequent interaction with their Tax Accountants. It’s a common misconception that all Tax Accountants are very busy in April. For the most part, you work a standard 40-hour workweek most of the year, with overtime or take-home work when things get really busy.
To be a good Tax Accountant, you not only need detailed knowledge of the tax code and the imagination to use it, but you also need to be highly organized. Juggling different clients and their needs, deadlines, and payments is a big job. You may have a Secretary or Administrative Assistant to aid you, depending on the size of your operation. However, many Tax Accountants work alone and must run their whole business on their own — at least you can do your own taxes!