Career and Education Opportunities for Income Tax Advisors in Pittsburgh, Pennsylvania
For those living in the Pittsburgh, Pennsylvania area, there are many career and education opportunities for income tax advisors. There are currently 3,200 working income tax advisors in Pennsylvania; this should shrink 24% to 2,450 working income tax advisors in the state 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.
A person working as an income tax advisor can expect to earn about $13 hourly or $28,070 per year on average in Pennsylvania and about $14 hourly or $29,420 annually 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 Pennsylvania, and not quite as good as the overall Accounting and Auditing category nationally. Income tax advisors work in a variety of jobs, including: corporate tax preparer, income tax preparer, and income tax consultant.
There are eighty-three schools of higher education in the Pittsburgh area, including seven within twenty-five miles of Pittsburgh where you can get a degree to start your career 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
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 Pittsburgh 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
Kent State University East Liverpool Campus - East Liverpool, OH
Kent State University East Liverpool Campus, 400 E 4th St, East Liverpool, OH 43920. Kent State University East Liverpool Campus is a small university located in East Liverpool, Ohio. It is a public school with primarily 2-year programs and has 965 students. Kent State University East Liverpool Campus has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two students in 2008.
Robert Morris University - Moon Township, PA
Robert Morris University, 6001 University Boulevard, Moon Township, PA 15108-1189. Robert Morris University is a small university located in Moon Township, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,767 students and an admission rate of 75%. Robert Morris University has a master's degree program in Taxation which graduated twenty-two students in 2008.
Duquesne University - Pittsburgh, PA
Duquesne University, Administration Bldg 600 Forbes Ave, Pittsburgh, PA 15282. Duquesne University is a large university located in Pittsburgh, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,106 students and an admission rate of 76%. Duquesne University has a master's degree program in Taxation.
Community College of Beaver County - Monaca, PA
Community College of Beaver County, One Campus Drive, Monaca, PA 15061-2588. Community College of Beaver County is a small college located in Monaca, Pennsylvania. It is a public school with primarily 2-year programs and has 2,695 students. Community College of Beaver County has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated three and zero students respectively in 2008.
Community College of Allegheny County - Pittsburgh, PA
Community College of Allegheny County, 800 Allegheny Ave, Pittsburgh, PA 15233-1895. Community College of Allegheny County is a large college located in Pittsburgh, Pennsylvania. It is a public school with primarily 2-year programs and has 19,366 students. Community College of Allegheny County has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated thirteen and fifty-nine students respectively in 2008.
Pittsburgh Technical Institute - Oakdale, PA
Pittsburgh Technical Institute, 1111 McKee Road, Oakdale, PA 15071. Pittsburgh Technical Institute is a small school located in Oakdale, Pennsylvania. It is a private for-profit school with primarily 2-year programs. It has 2,086 students and an admission rate of 88%. Pittsburgh Technical Institute has a less than one year program in Accounting Technology/Technician and Bookkeeping.
Westmoreland County Community College - Youngwood, PA
Westmoreland County Community College, 145 Pavilion Lane, Youngwood, PA 15697-1895. Westmoreland County Community College is a medium sized college located in Youngwood, Pennsylvania. It is a public school with primarily 2-year programs and has 5,512 students. Westmoreland 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 twenty students respectively in 2008.
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: Pittsburgh, Pennsylvania
Pittsburgh is located in Allegheny County, Pennsylvania. It has a population of over 310,037, which has shrunk by 7.3% over the last ten years. The cost of living index in Pittsburgh, 86, is well below the national average. New single-family homes in Pittsburgh cost $196,700 on average, which is far greater than the state average. In 2008, one hundred eighty-five new homes were built in Pittsburgh, up from one hundred seventeen the previous year.
The three most popular industries for women in Pittsburgh are health care, educational services, and finance and insurance. For men, it is educational services, health care, and accommodation and food services. The average travel time to work is about 23 minutes. More than 26.2% of Pittsburgh residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.5%, is higher than the state average.
The unemployment rate in Pittsburgh is 7.8%, which is less than Pennsylvania's average of 8.4%.
The percentage of Pittsburgh residents that are affiliated with a religious congregation, 71.8%, is more than both the national and state average. Saint Pauls Cathedral, Saint Patrick Roman Cathlic Church and Saint Nicholas Greek Orthodox Church are some of the churches located in Pittsburgh. The largest religious groups are the Catholic Church, the Presbyterian Church (USA) and the United Methodist Church.
Pittsburgh is home to the Mount Washington Overlook and the Golden Triangle as well as Magee Playground and Kennard Playground. Shopping centers in the area include Shadyside Shopping Center and Allegheny Center Mall. Visitors to Pittsburgh can choose from Best Western University Center, Avalon Motel and Four Points By Sheraton Pittsburgh Airport for temporary stays in the area.