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Career and Education Opportunities for Income Tax Advisors in Orlando, Florida

Income tax advisor career and educational opportunities abound in Orlando, Florida. Currently, 5,730 people work as income tax advisors in Florida. This is expected to shrink 11% to about 5,080 people 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 yearly on average in Florida. Nationally, their income is about $14 hourly or $29,420 yearly. Earnings for income tax advisors are not quite as good as earnings in the general category of Accounting and Auditing in Florida and not quite as good as general Accounting and Auditing category earnings nationally. Jobs in this field include: income tax consultant, income tax preparer, and certified income tax preparer .

The Orlando area is home to fifty schools of higher education, including seven within twenty-five miles of Orlando where you can get a degree 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 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 Orlando 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 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

Polk Community College - Winter Haven, FL

Polk Community College, 999 Avenue H NE, Winter Haven, FL 33881-4299. Polk Community College is a medium sized college located in Winter Haven, Florida. It is a public school with primarily 2-year programs and has 8,516 students. Polk Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated four students in 2008.

Central Florida College - Winter Park, FL

Central Florida College, 1573 W. Fairbanks Ave, Winter Park, FL 32789. Central Florida College is a small college located in Winter Park, Florida. It is a private for-profit school with primarily 2-year programs and has 380 students. Central Florida College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated three students in 2008.

University of Central Florida - Orlando, FL

University of Central Florida, 4000 Central Florida Blvd, Orlando, FL 32816. University of Central Florida is a large university located in Orlando, Florida. It is a public school with primarily 4-year or above programs. It has 50,181 students and an admission rate of 48%. University of Central Florida has a master's degree program in Taxation which graduated twenty-two students in 2008.

Valencia Community College - Orlando, FL

Valencia Community College, 190 South Orange Avenue, Orlando, FL 32801. Valencia Community College is a large college located in Orlando, Florida. It is a public school with primarily 2-year programs and has 35,652 students. Valencia Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated fifteen students in 2008.

Orlando Tech - Orlando, FL

Orlando Tech, 301 W Amelia Street, Orlando, FL 32801-1197. Orlando Tech is a small school located in Orlando, Florida. It is a public school with primarily less-than 2-year programs and has 1,101 students. Orlando Tech has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated twenty-four students in 2008.

Brevard Community College - Cocoa, FL

Brevard Community College, 1519 Clearlake Rd, Cocoa, FL 32922. Brevard Community College is a large college located in Cocoa, Florida. It is a public school with primarily 2-year programs and has 15,607 students. Brevard Community College has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated eight, five, and zero students respectively in 2008.

Seminole Community College - Sanford, FL

Seminole Community College, 100 Weldon Blvd, Sanford, FL 32773-6199. Seminole Community College is a large college located in Sanford, Florida. It is a public school with primarily 2-year programs and has 14,227 students. Seminole Community College has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated fifty-one 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: Orlando, Florida

Orlando, Florida
Orlando, Florida photo by A3RO

Orlando is situated in Orange County, Florida. It has a population of over 230,519, which has grown by 24.0% over the last ten years. The cost of living index in Orlando, 91, is below the national average. New single-family homes in Orlando are valued at $217,400 on average, which is far less than the state average. In 2008, three hundred forty-eight new homes were built in Orlando, down from six hundred twenty-two the previous year.

The three big industries for women in Orlando are accommodation and food services, health care, and educational services. For men, it is accommodation and food services, construction, and arts, entertainment, and recreation. The average travel time to work is about 25 minutes. More than 28.2% of Orlando residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.3%, is higher than the state average.

The unemployment rate in Orlando is 11.1%, which is less than Florida's average of 11.3%.

The percentage of Orlando residents that are affiliated with a religious congregation, 40.2%, is less than both the national and state average. Church of Scientology of Orlando, Church of the Holy Spirit Episcopal and Metropolitan Community Church-Joy are some of the churches located in Orlando. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Orlando is home to the Dubsdread Country Club and the Conway Center as well as Mayor Carl Langford Park and Sunshine Park. Shopping centers in the area include Lake Conway Woods Shopping Center, Colonial Plaza Mall and Coytown Shopping Center. Visitors to Orlando can choose from Blue Nile Hotel Liquidators, Clarion Hotel Universal and Buena Vista Suites for temporary stays in the area.