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Career and Education Opportunities for Income Tax Advisors in Norman, Oklahoma

There are many career and education opportunities for income tax advisors in the Norman, Oklahoma area. There are currently 890 jobs for income tax advisors in Oklahoma and this is projected to shrink 10% to about 800 jobs 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.

The income of an income tax advisor is about $11 per hour or $23,610 annually on average in Oklahoma. In the U.S. as a whole, their income is about $14 hourly or $29,420 annually on average. Compared with people working in the overall category of Accounting and Auditing, people working as income tax advisors in Oklahoma earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. Income tax advisors work in a variety of jobs, including: tax advisor, bookkeeper, and corporate tax preparer.

There are thirty-seven schools of higher education in the Norman area, including seven within twenty-five miles of Norman 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 Norman 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

Gordon Cooper Technology Center - Shawnee, OK

Gordon Cooper Technology Center, 1 John C Bruton Blvd, Shawnee, OK 74804. Gordon Cooper Technology Center is a small school located in Shawnee, Oklahoma. It is a public school with primarily less-than 2-year programs and has 918 students. Gordon Cooper Technology Center has a two to four year program in Accounting Technology/Technician and Bookkeeping which graduated five students in 2008.

Vatterott College - Oklahoma City, OK

Vatterott College, 4621 NW 23, Oklahoma City, OK 73127. Vatterott College is a small college located in Oklahoma City, Oklahoma. It is a private for-profit school with primarily 2-year programs and has 310 students. Vatterott College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated seven and two students respectively in 2008.

Oklahoma State University-Oklahoma City - Oklahoma City, OK

Oklahoma State University-Oklahoma City, 900 N Portland, Oklahoma City, OK 73107-6195. Oklahoma State University-Oklahoma City is a medium sized university located in Oklahoma City, Oklahoma. It is a public school with primarily 4-year or above programs and has 5,912 students. Oklahoma State University-Oklahoma City has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated sixteen students in 2008.

Eastern Oklahoma County Technology Center - Choctaw, OK

Eastern Oklahoma County Technology Center, 4601 N Choctaw Rd, Choctaw, OK 73020-9017. Eastern Oklahoma County Technology Center is a small school located in Choctaw, Oklahoma. It is a public school with primarily 2-year programs and has 478 students. Eastern Oklahoma County Technology Center has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated two students in 2008.

Oklahoma Technology Institute - Oklahoma City, OK

Oklahoma Technology Institute, 9801 N Broadway Extension, Oklahoma City, OK 73114. Oklahoma Technology Institute is a small school located in Oklahoma City, Oklahoma. It is a private for-profit school with primarily less-than 2-year programs and has 38 students. Oklahoma Technology Institute has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.

Rose State College - Midwest City, OK

Rose State College, 6420 S E 15th, Midwest City, OK 73110-2799. Rose State College is a medium sized college located in Midwest City, Oklahoma. It is a public school with primarily 2-year programs and has 8,427 students. Rose State College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated six students in 2008.

Oklahoma City Community College - Oklahoma City, OK

Oklahoma City Community College, 7777 S May Ave, Oklahoma City, OK 73159-9987. Oklahoma City Community College is a large college located in Oklahoma City, Oklahoma. It is a public school with primarily 2-year programs and has 12,550 students. Oklahoma City Community College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two and five 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: Norman, Oklahoma

Norman, Oklahoma
Norman, Oklahoma photo by Okguy

Norman is located in Cleveland County, Oklahoma. It has a population of over 106,957, which has grown by 11.8% over the last ten years. The cost of living index in Norman, 84, is well below the national average. New single-family homes in Norman are priced at $184,600 on average, which is well above the state average. In 2008, five hundred sixteen new homes were built in Norman, up from four hundred nineteen the previous year.

The three big industries for women in Norman are educational services, health care, and accommodation and food services. For men, it is educational services, accommodation and food services, and construction. The average commute to work is about 21 minutes. More than 39.8% of Norman residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 16.6%, is higher than the state average.

The unemployment rate in Norman is 4.7%, which is less than Oklahoma's average of 7.1%.

The percentage of Norman residents that are affiliated with a religious congregation, 44.3%, is less than both the national and state average. Alameda Baptist Church, Alameda Church of Christ and All Welcome Victory Church are among the churches located in Norman. The largest religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.

Norman is home to the Cerebral Palsy Institute and the Park on Main as well as Owen Field and Rotary Park. Shopping malls in the area include Colonial Estates Shopping Center, Anatole Shopping Center and Carriage Plaza Shopping Center. Visitors to Norman can choose from Ramada Days Inn, Montford Inn and Guest Inn - Norman for temporary stays in the area.