Discover the essential requirements, duties, responsibilities, and skills needed for a Tax Auditor job description.
What does a Tax Auditor do?
A tax auditor is responsible for examining financial records and processes to ensure compliance with tax laws. They may work for financial auditing firms or as independent consultants, traveling to individuals, businesses, and government departments to conduct tax audits.
Job Description
We are seeking a skilled tax auditor to review our company's financial records and procedures. Your main responsibilities will include determining compliance with tax regulations, performing tax calculations, and creating a tax audit report for our financial managers to take action on.
To excel in this role, you must have extensive experience in tax auditing and a strong understanding of tax laws. A successful tax auditor is someone who helps companies implement best practices in tax management through their expertise in tax auditing.
Job Duties and Responsibilities
- Traveling to various locations to examine tax documents and financial records
- Evaluating accounting systems and creating audit plans
- Determining taxable income, deductions, and nontaxable expenses
- Applying federal, state, and city tax laws to auditing procedures
- Assessing tax refunds, collecting unpaid taxes, and filing tax returns
- Compiling and presenting detailed tax audit reports to financial managers
- Making recommendations and implementing best practices in tax management
- Keeping up-to-date with tax laws, regulations, and auditing practices
Requirements and Qualifications
- Bachelor's degree in accounting, with a focus on internal auditing
- Certified Internal Auditor (CIA) or equivalent certification preferred
- At least 2 years of experience as a tax auditor
- Proficiency in tax auditing software, such as BNA Corporate Tax Audit Analyzer and KDK Spectrum
- Thorough knowledge of all relevant tax laws and regulations
- Excellent analytical, mathematical, and problem-solving skills
- Strong organizational and time-management abilities
- Effective written and verbal communication skills
- Collaborative mindset and ability to provide guidance
- Willingness to travel to client locations
Tax Auditor Salary
The earning potential of a Tax Auditor can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Tax Auditor in the United States is approximately $94032.
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