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Career and Education Opportunities for Income Tax Advisors in Colorado Springs, Colorado

Income tax advisors can find both educational opportunities and jobs in the Colorado Springs, Colorado area. Currently, 570 people work as income tax advisors in Colorado. This is expected to shrink 11% to about 510 people by 2016. This is not quite as good as the nation as a whole, where employment opportunities for income tax advisors are expected to grow by about 2.9%. Income tax advisors generally prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.

Income for income tax advisors is about $13 hourly or $27,220 per year on average in Colorado. Nationally, their income is about $14 per hour or $29,420 yearly. Compared with people working in the overall category of Accounting and Auditing, people working as income tax advisors in Colorado earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. Income tax advisors work in a variety of jobs, including: tax accountant, income tax consultant, and income tax preparer.

There are nineteen schools of higher education in the Colorado Springs area, including two within twenty-five miles of Colorado Springs where you can get a degree to start your career as an income tax advisor. The most common level of education for income tax advisors is a high school diploma or GED. You can expect to spend only a short time training to become an income tax advisor if you already have a high school diploma.

CAREER DESCRIPTION: Income Tax Advisor

Income Tax Advisor video from the State of New Jersey Dept. of Labor and Workforce Development

In general, income tax advisors prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.

Income tax advisors ready or help in preparing simple to complex tax returns for individuals or small businesses. They also use all appropriate adjustments and credits to keep clients' taxes to a minimum. Equally important, income tax advisors have to inspect financial records such as income statements and documentation of expenditures to establish forms needed to ready tax returns. They are often called upon to consult tax law handbooks or bulletins to establish processes for preparation of atypical returns. They are expected to compute taxes owed or overpaid, using computers and complete entries on forms, following tax form instructions and tax tables. Finally, income tax advisors furnish taxpayers with sufficient data and advice to insure correct tax form completion.

Every day, income tax advisors are expected to be able to see details at a very fine level of focus. They need to read and understand documents and reports. It is also important that they deal with basic arithmetic problems.

It is important for income tax advisors to check data input or verify totals on forms prepared by others to uncover errors in arithmetic or procedures. Somewhat less frequently, income tax advisors are also expected to calculate form preparation fees in line with return complexity and processing time required.

They also have to be able to interview clients to obtain additional data on taxable income and deductible expenses and allowances And finally, they sometimes have to inspect financial records such as income statements and documentation of expenditures to establish forms needed to ready tax returns.

Like many other jobs, income tax advisors must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Colorado Springs include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Income Tax Advisor Training

Everest College-Colorado Springs - Colorado Springs, CO

Everest College-Colorado Springs, 1815 Jet Wing Drive, Colorado Springs, CO 80916. Everest College-Colorado Springs is a small college located in Colorado Springs, Colorado. It is a private for-profit school with primarily 2-year programs. It has 320 students and an admission rate of 63%. Everest College-Colorado Springs has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.

Pikes Peak Community College - Colorado Springs, CO

Pikes Peak Community College, 5675 S Academy Blvd, Colorado Springs, CO 80906-5498. Pikes Peak Community College is a large college located in Colorado Springs, Colorado. It is a public school with primarily 2-year programs and has 11,701 students. Pikes Peak Community College has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated one, seven, and twenty students respectively in 2008.

CERTIFICATIONS

Accredited Tax Advisor: This credential is for practitioners who handle sophisticated tax planning issues, including ownership of closely held businesses, qualified retirement plans and complex estates.

For more information, see the Accreditation Council for Accountancy and Taxation website.

LOCATION INFORMATION: Colorado Springs, Colorado

Colorado Springs, Colorado
Colorado Springs, Colorado photo by FlickreviewR

Colorado Springs is located in El Paso County, Colorado. It has a population of over 380,307, which has grown by 5.4% over the last ten years. The cost of living index in Colorado Springs, 86, is well below the national average.

The three most popular industries for women in Colorado Springs are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average travel time to work is about 21 minutes. More than 33.6% of Colorado Springs residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.2%, is higher than the state average.

The unemployment rate in Colorado Springs is 7.0%, which is greater than Colorado's average of 6.6%.

The percentage of Colorado Springs residents that are affiliated with a religious congregation, 37.1%, is less than both the national and state average. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the Charismatic Churches Independent.

Colorado Springs is home to the Wilsons Ranch and the Flying W Ranch as well as Garden of the Gods and Acacia Park. Shopping malls in the area include Academy Center Shopping Center, Academy Place Shopping Center and Academy Place Shopping Center. Visitors to Colorado Springs can choose from Days Inn, Antlers Hilton Colorado Springs and Apache Court for temporary stays in the area.