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Career and Education Opportunities for Income Tax Advisors in St. Louis, Missouri

There is a wide variety of career and education opportunities for income tax advisors in the St. Louis, Missouri area. There are currently 1,910 working income tax advisors in Missouri; this should shrink by 10% to 1,720 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%. 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.

The income of an income tax advisor is about $14 per hour or $29,170 yearly on average in Missouri. In the U.S. as a whole, their income is about $14 hourly or $29,420 annually on average. 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: accountant, tax associate, and bookkeeper.

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

Hickey College - Saint Louis, MO

Hickey College, 940 Westport Plaza, Saint Louis, MO 63146. Hickey College is a small college located in Saint Louis, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 442 students. Hickey College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twenty-one and eighteen students respectively in 2008.

Saint Louis Community College-Meramec - Kirkwood, MO

Saint Louis Community College-Meramec, 11333 Big Bend Blvd, Kirkwood, MO 63122. Saint Louis Community College-Meramec is a large college located in Kirkwood, Missouri. It is a public school with primarily 2-year programs and has 10,217 students. Saint Louis Community College-Meramec has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated seven, seven, and fourteen students respectively in 2008.

Fontbonne University - Saint Louis, MO

Fontbonne University, 6800 Wydown Blvd, Saint Louis, MO 63105-3098. Fontbonne University is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,967 students and an admission rate of 82%. Fontbonne University has a master's degree program in Taxation which graduated six students in 2008.

Lewis and Clark Community College - Godfrey, IL

Lewis and Clark Community College, 5800 Godfrey Rd, Godfrey, IL 62035. Lewis and Clark Community College is a medium sized college located in Godfrey, Illinois. It is a public school with primarily 2-year programs and has 8,016 students. Lewis and Clark Community College has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated three students in 2008.

Saint Louis Community College-Forest Park - Saint Louis, MO

Saint Louis Community College-Forest Park, 5600 Oakland Ave, Saint Louis, MO 63110. Saint Louis Community College-Forest Park is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 7,164 students. Saint Louis Community College-Forest Park has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated one, two, and nine students respectively in 2008.

St Charles Community College - Cottleville, MO

St Charles Community College, 4601 Mid Rivers Mall Dr, Cottleville, MO 63376-0975. St Charles Community College is a medium sized college located in Cottleville, Missouri. It is a public school with primarily 2-year programs and has 7,334 students. St Charles Community College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two and seven students respectively in 2008.

ITT Technical Institute-Arnold - Arnold, MO

ITT Technical Institute-Arnold, 1930 Meyer Drury Dr, Arnold, MO 63010. ITT Technical Institute-Arnold is a small school located in Arnold, Missouri. It is a private for-profit school with primarily 4-year or above programs. It has 940 students and an admission rate of 51%. ITT Technical Institute-Arnold has a bachelor's degree program in Accounting Technology/Technician and Bookkeeping.

Everest College-Earth City - Earth City, MO

Everest College-Earth City, 3420 Rider Trail South, Earth City, MO 63045. Everest College-Earth City is a small college located in Earth City, Missouri. It is a private for-profit school with primarily less-than 2-year programs. It has 249 students and an admission rate of 79%. Everest College-Earth City has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated twenty-four students in 2008.

Saint Louis Community College-Florissant Valley - Saint Louis, MO

Saint Louis Community College-Florissant Valley, 3400 Pershall Rd, Saint Louis, MO 63135. Saint Louis Community College-Florissant Valley is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 6,515 students. Saint Louis Community College-Florissant Valley has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated one, three, and ten students respectively in 2008.

ITT Technical Institute-Earth City - Earth City, MO

ITT Technical Institute-Earth City, 3640 Corporate Trail Drive, Earth City, MO 63045. ITT Technical Institute-Earth City is a small school located in Earth City, Missouri. It is a private for-profit school with primarily 4-year or above programs. It has 976 students and an admission rate of 59%. ITT Technical Institute-Earth City has a bachelor's degree program in Accounting Technology/Technician and Bookkeeping.

Jefferson College - Hillsboro, MO

Jefferson College, 1000 Viking Dr, Hillsboro, MO 63050-2440. Jefferson College is a medium sized college located in Hillsboro, Missouri. It is a public school with primarily 2-year programs and has 4,983 students. Jefferson College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated eight and zero 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: St. Louis, Missouri

St. Louis, Missouri
St. Louis, Missouri photo by Dschwen

St. Louis is located in St. Louis City County, Missouri. It has a population of over 354,361, which has grown by 1.8% over the last ten years. The cost of living index in St. Louis, 83, is well below the national average. New single-family homes in St. Louis are priced at $111,600 on average, which is far less than the state average. In 2008, one hundred fifty-seven new homes were built in St. Louis, down from two hundred sixty-one the previous year.

The top three industries for women in St. Louis are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average travel time to work is about 25 minutes. More than 19.1% of St. Louis residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.6%, is lower than the state average.

The unemployment rate in St. Louis is 10.9%, which is greater than Missouri's average of 8.9%.

Nativity of Our Lord Church, Church of the Good Shepard and Church of the Holy Communion are among the churches located in St. Louis.

St. Louis is home to the Terminal Railroad Association Building and the Memorial Home as well as Washington Park and Willmore Park. Shopping malls in the area include Hampton Village Shopping Center and Loughborough Shopping Center.