Tax managers oversee the tax reporting and planning strategies for companies. They manage tax accountants and other tax practitioners, ensuring that tax filings are in compliance with tax regulations. They keep company's managers apprised of tax regulation changes and strategies for reducing tax obligations. Many tax managers are full-time employees of companies, while some are independent consultants, operating their own businesses. There are nearly 1.44 million accountants and auditors and nearly 698,000 financial managers employe...
Minimum Education Level
Tax managers employed in the U.S. earned an average salary of $127,002 in May 2021, according to Salary.com. The lowest paid 10 percent earned $95,579 or less and the highest paid 10 percent earned $164,242 or more per year. The Department of Labor reported that financial managers earned a median salary of $134,180 in May 2020. Salaries ranged from $70,830 to $208,000 or more. Accountants and a...
Tax managers usually work 40 hours per week in corporate offices or in their own business or home offices. They work longer hours when tax filing deadlines near, such as for quarterly reports and annual tax filings. Some travel may be required to meet with clients and to consult with other financial professionals. Tax managers may also travel for industry-related conferences and events. The wor...
Tax managers will have steady job growth in the near future. The Department of Labor does not provide data specifically about tax managers, but does forecast that accountants and auditors will have about 4 percent employment growth, as fast as the average for all occupations, through 2029. The coronavirus pandemic disrupted businesses and the economy in the U.S. as well as around the world in 2...