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Career and Education Opportunities for Income Tax Advisors in Kansas City, Missouri

Many educational and employment opportunities exist for income tax advisors in the Kansas City, Missouri area. Currently, 1,910 people work as income tax advisors in Missouri. This is expected to shrink by 10% to 1,720 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.

A person working as an income tax advisor can expect to earn about $14 hourly or $29,170 annually on average in Missouri and about $14 per hour or $29,420 yearly on average in the U.S. as a whole. Incomes for income tax advisors are not quite as good as in the overall category of Accounting and Auditing in Missouri, and not quite as good as the overall Accounting and Auditing category nationally. People working as income tax advisors can fill a number of jobs, such as: income tax expert, tax preparer, and income tax consultant.

There are six schools within twenty-five miles of Kansas City where you can study to be an income tax advisor, among seventy-one schools of higher education total in the Kansas City area. 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 Kansas City 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

Kansas City Kansas Community College Technical Education Center - Kansas City, KS

Kansas City Kansas Community College Technical Education Center, 2220 N 59th St, Kansas City, KS 66104-2821. Kansas City Kansas Community College Technical Education Center is a small college located in Kansas City, Kansas. It is a public school with primarily less-than 2-year programs and has 598 students. Kansas City Kansas Community College Technical Education Center has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated four students in 2008.

Metropolitan Community College-Maple Woods - Kansas City, MO

Metropolitan Community College-Maple Woods, 2601 NE Barry Rd, Kansas City, MO 64156. Metropolitan Community College-Maple Woods is a small college located in Kansas City, Missouri. It is a public school with primarily 2-year programs and has 4,549 students. Metropolitan Community College-Maple Woods has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two and two students respectively in 2008.

Johnson County Community College - Overland Park, KS

Johnson County Community College, 12345 College Blvd, Overland Park, KS 66210-1299. Johnson County Community College is a large college located in Overland Park, Kansas. It is a public school with primarily 2-year programs and has 19,062 students. Johnson County Community College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated three and eight students respectively in 2008.

Metropolitan Community College-Longview - Lees Summit, MO

Metropolitan Community College-Longview, 500 Longview Rd, Lees Summit, MO 64081-2105. Metropolitan Community College-Longview is a medium sized college located in Lees Summit, Missouri. It is a public school with primarily 2-year programs and has 5,848 students. Metropolitan Community College-Longview has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.

Metropolitan Community College-Blue River - Independence, MO

Metropolitan Community College-Blue River, 20301 E 78 Hwy, Independence, MO 64057. Metropolitan Community College-Blue River is a small college located in Independence, Missouri. It is a public school with primarily 2-year programs and has 3,060 students. Metropolitan Community College-Blue River has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated one, one, and one students respectively in 2008.

Northeast Kansas Technical Center - Atchison, KS

Northeast Kansas Technical Center, 1501 W Riley St, Atchison, KS 66002. Northeast Kansas Technical Center is a small school located in Atchison, Kansas. It is a public school with primarily 2-year programs and has 284 students. Northeast Kansas Technical Center has a two to four year program in Accounting Technology/Technician and Bookkeeping which graduated six 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: Kansas City, Missouri

Kansas City, Missouri
Kansas City, Missouri photo by Dillard421

Kansas City is situated in Jackson County, Missouri. It has a population of over 451,572, which has grown by 2.3% in the past ten years. The cost of living index in Kansas City, 78, is well below the national average.

The top three industries for women in Kansas City are health care, educational services, and finance and insurance. For men, it is construction, professional, scientific, and technical services, and public administration. The average travel time to work is about 22 minutes. More than 25.7% of Kansas City residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is lower than the state average.

The unemployment rate in Kansas City is 11.3%, which is greater than Missouri's average of 8.9%.

The percentage of Kansas City residents that are affiliated with a religious congregation, 51.2%, is more than the national average but less than the state average. Glenwood Church, Antioch Church and Assumption of the Blessed Virgin Mary are among the churches located in Kansas City. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Kansas City is home to the Ozanam Boys Home and the Watts Mill Center as well as Central Park and West Terrace Park. Shopping malls in the area include Antioch Shopping Center, Wornall Village Shopping Center and Winwood Shopping Center. Visitors to Kansas City can choose from Budget Host Inn, Days Inn and Embassy Suites Hotel Kansas City Internatinl Arprt for temporary stays in the area.