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Career and Education Opportunities for Income Tax Advisors in Fort Collins, Colorado

Income tax advisors can find many career and educational opportunities in the Fort Collins, Colorado area. There are currently 570 working income tax advisors in Colorado; this should shrink 11% to 510 working income tax advisors in the state 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 tax advisors earn about $13 hourly or $27,220 per year on average in Colorado and about $14 per hour or $29,420 per year on average nationally. Earnings for income tax advisors are not quite as good as earnings in the general category of Accounting and Auditing in Colorado and not quite as good as general Accounting and Auditing category earnings nationally. Income tax advisors work in a variety of jobs, including: tax accountant, income tax expert, and tax associate.

There are two schools within twenty-five miles of Fort Collins where you can study to be an income tax advisor, among eleven schools of higher education total in the Fort Collins area. Given that the most common education level 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 Fort Collins 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

Institute of Business and Medical Careers - Fort Collins, CO

Institute of Business and Medical Careers, 3842 South Mason Street, Fort Collins, CO 80525. Institute of Business and Medical Careers is a small school located in Fort Collins, Colorado. It is a private for-profit school with primarily 2-year programs and has 457 students. Institute of Business and Medical Careers has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated zero and eight students respectively in 2008.

Aims Community College - Greeley, CO

Aims Community College, 5401 W. 20th St., Greeley, CO 80632. Aims Community College is a small college located in Greeley, Colorado. It is a public school with primarily 2-year programs and has 4,620 students. Aims Community College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated fourteen and eleven 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: Fort Collins, Colorado

Fort Collins, Colorado
Fort Collins, Colorado photo by Citycommunications

Fort Collins is located in Larimer County, Colorado. It has a population of over 136,509, which has grown by 15.0% in the past ten years. The cost of living index in Fort Collins, 91, is below the national average. New single-family homes in Fort Collins are valued at $216,000 on average, which is below the state average. In 2008, two hundred sixty-seven new homes were built in Fort Collins, down from four hundred eight the previous year.

The three big industries for women in Fort Collins are educational services, health care, and accommodation and food services. For men, it is educational services, construction, and professional, scientific, and technical services. The average travel time to work is about 19 minutes. More than 48.4% of Fort Collins residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 18.4%, is higher than the state average.

The unemployment rate in Fort Collins is 6.3%, which is less than Colorado's average of 6.6%.

The percentage of Fort Collins residents that are affiliated with a religious congregation, 39.3%, is less than the national average but more than the state average. The most common religious groups are the Catholic Church, the Assemblies of God and the LDS (Mormon) Church.

Visitors to Fort Collins can choose from Carousel Properties, AmericInn Motel & Suites Fort Collins and Hampton Inn Ft. Collins for temporary stays in the area.