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Career and Education Opportunities for Income Tax Advisors in Cape Coral, Florida

There are many career and education opportunities for income tax advisors in the Cape Coral, Florida area. There are currently 5,730 jobs for income tax advisors in Florida and this is projected to shrink 11% to about 5,080 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. 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 $11 hourly or $22,930 per year on average in Florida. 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 Florida earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: tax evaluator, certified income tax preparer , and tax manager.

There are eleven schools of higher education in the Cape Coral area, including two within twenty-five miles of Cape Coral where you can get a degree to start your career as an income tax advisor. Income tax advisors usually hold a high school diploma or GED, so you can expect to spend only a short time studying 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 Cape Coral 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.
  • 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.
  • 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

Southwest Florida College - Fort Myers, FL

Southwest Florida College, 1685 Medical Lane, Fort Myers, FL 33907-1108. Southwest Florida College is a small college located in Fort Myers, Florida. It is a private not-for-profit school with primarily 4-year or above programs and has 1,478 students. Southwest Florida College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated ten students in 2008.

Edison State College - Fort Myers, FL

Edison State College, 8099 College Pky SW, Fort Myers, FL 33919-0000. Edison State College is a large college located in Fort Myers, Florida. It is a public school with primarily 4-year or above programs and has 13,252 students. Edison State College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated five students 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: Cape Coral, Florida

Cape Coral, Florida
Cape Coral, Florida photo by Boticario

Cape Coral is situated in Lee County, Florida. It has a population of over 156,835, which has grown by 53.3% over the last ten years. The cost of living index in Cape Coral, 88, is well below the national average. New single-family homes in Cape Coral are valued at $121,700 on average, which is far less than the state average. In 2008, two hundred one new homes were constructed in Cape Coral, down from seven hundred sixty-seven the previous year.

The three big industries for women in Cape Coral are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and administrative and support and waste management services. The average travel time to work is about 25 minutes. More than 17.5% of Cape Coral residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 5.7%, is lower than the state average.

The unemployment rate in Cape Coral is 13.0%, which is greater than Florida's average of 11.3%.

The percentage of Cape Coral residents that are affiliated with a religious congregation, 38.2%, is less than both the national and state average. Coral Ridge Baptist Church of Cape Coral, Jehovahs Witnesses Cape Coral Congregation and Cape Coral Alliance Church are some of the churches located in Cape Coral. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the Assemblies of God.

Cape Coral is home to the Old Bridge Square and the Pine Island Plaza. Shopping centers in the area include Northshore Shopping Center, Coral Gate Shopping Center and Coral Pointe Shopping Center. Visitors to Cape Coral can choose from Casa Loma Motel On the Waterfront, Cape Coral Accommodations and Banyan Trace Community for temporary stays in the area.