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

For those living in the Westminster, Colorado area, there are many career and education opportunities for income tax advisors. There are currently 570 jobs for income tax advisors in Colorado and this is projected to shrink by 11% to 510 jobs by 2016. This is not quite as good as the national trend for income tax advisors, which sees this job pool growing by about 2.9% over the next eight years. 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 for income tax advisors is about $13 hourly or $27,220 annually on average in Colorado. Nationally, their income is about $14 per hour or $29,420 annually. 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: certified public accountant , income tax expert, and tax advisor.

There are eight schools within twenty-five miles of Westminster where you can study to be an income tax advisor, among sixty-four schools of higher education total in the Westminster area. The most common level of education for income tax advisors is a high school diploma or GED. It will take only a short time to learn to be 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 Westminster 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.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • 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.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • 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

Front Range Community College - Westminster, CO

Front Range Community College, 3645 W 112th Ave, Westminster, CO 80031. Front Range Community College is a large college located in Westminster, Colorado. It is a public school with primarily 2-year programs and has 15,480 students. Front Range Community College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated sixteen and forty-four students respectively in 2008.

Red Rocks Community College - Lakewood, CO

Red Rocks Community College, 13300 W Sixth Ave, Lakewood, CO 80228-1255. Red Rocks Community College is a medium sized college located in Lakewood, Colorado. It is a public school with primarily 2-year programs and has 7,432 students. Red Rocks Community College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated three and four students respectively in 2008.

Community College of Aurora - Aurora, CO

Community College of Aurora, 16000 E CentreTech Pky, Aurora, CO 80011-9036. Community College of Aurora is a medium sized college located in Aurora, Colorado. It is a public school with primarily 2-year programs and has 5,217 students. Community College of Aurora has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated ten students in 2008.

Arapahoe Community College - Littleton, CO

Arapahoe Community College, 5900 S. Santa Fe Dr., Littleton, CO 80160-9002. Arapahoe Community College is a medium sized college located in Littleton, Colorado. It is a public school with primarily 2-year programs and has 7,088 students. Arapahoe Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated eight students in 2008.

University of Denver - Denver, CO

University of Denver, 2199 S. University Blvd, Denver, CO 80208. University of Denver is a large university located in Denver, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,409 students and an admission rate of 64%. University of Denver has a master's degree program in Taxation which graduated thirty-eight students in 2008.

Argosy University-Denver - Denver, CO

Argosy University-Denver, 1200 Lincoln St., Denver, CO 80203. Argosy University-Denver is a small university located in Denver, Colorado. It is a private for-profit school with primarily 4-year or above programs. It has 259 students and an admission rate of 56%. Argosy University-Denver has an associate's degree program in Accounting Technology/Technician and Bookkeeping.

Emily Griffith Opportunity School - Denver, CO

Emily Griffith Opportunity School, 1250 Welton Street, Denver, CO 80204-2197. Emily Griffith Opportunity School is a small school located in Denver, Colorado. It is a public school with primarily less-than 2-year programs and has 2,148 students. Emily Griffith Opportunity School has a less than one year and a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated zero and five students respectively in 2008.

Community College of Denver - Denver, CO

Community College of Denver, 1111 W. Colfax Ave., Denver, CO 80204-2026. Community College of Denver is a medium sized college located in Denver, Colorado. It is a public school with primarily 2-year programs and has 8,006 students. Community College of Denver has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated two, one, and one 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: Westminster, Colorado

Westminster, Colorado
Westminster, Colorado photo by Nyttend

Westminster is located in Adams County, Colorado. It has a population of over 107,056, which has grown by 6.1% over the last ten years. The cost of living index in Westminster, 96, is near the national average. New single-family homes in Westminster are valued at $376,500 on average, which is far greater than the state average. In 2008, sixty-two new homes were built in Westminster, down from one hundred forty-six the previous year.

The three most popular industries for women in Westminster are health care, educational services, and professional, scientific, and technical services. For men, it is construction, professional, scientific, and technical services, and computer and electronic products. The average travel time to work is about 27 minutes. More than 31.3% of Westminster residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.3%, is lower than the state average.

The unemployment rate in Westminster is 6.2%, which is less than Colorado's average of 6.6%.

The percentage of Westminster residents that are affiliated with a religious congregation, 30.4%, is less than both the national and state average. The most prominent religious groups are the Catholic Church, the LDS (Mormon) Church and the Lutheran Church.

Westminster is home to the The Golf Courses at Hyland Hills and the The Plaza at Westminster. Visitors to Westminster can choose from Comfort Suites, LA Quinta - Inns- Westminster Mall and Doubletree Hotel Denver Boulder for temporary stays in the area.