Estimate the value of things like real estate, art, and antiques.
Taxes can be extremely complicated. Tax forms aren’t always self-explanatory, and the rules that govern what you can and cannot deduct seem to change every year.
Rather than paying an employee to keep up with these changes and do their taxes, many businesses hire outside Consultants. Some individuals do this as well. This is where Tax Managers come in. The job of a Tax Manager is to supervise a team of people who prepare taxes.
If you’re a Tax Manager, part of your day is spent training new employees. You give them your client’s information and ask them to prepare tax forms for that client. You then check the work and point out any errors you find.
You may hire new employees, and fire ones who aren’t performing up to the company’s standards. You also conduct performance reviews of your team, and give suggestions on how each employee could improve.
You spend a significant amount of time reading about tax laws. You may put together presentations to explain changes to your team. You may also write articles about the changes, and send them to your clients to demonstrate your firm’s advanced knowledge.
You’ll be extremely busy around tax time, and you’ll motivate your staff with pizza. Clients may call you year-round with questions, however. They may ask for information on how a purchase will affect their tax payments, or for help if they’re being audited. You answer these calls with professionalism, and you may even leave the office to provide face-to-face help.