For most businesses and individuals, filing annual taxes is a daunting experience so they turn to a tax manager to help them out. This person is an accountant who works for a large corporation, a public accounting firm or consulting firms preparing government tax returns. There is plenty of work in this field and the training is straightforward
These professionals also provide invaluable assistance managing the tax liabilities and risks involved with business transactions like mergers. In essence, they are tax code wizards. They also develop tax strategies for big companies that can utilise tax loopholes and deductions more effectively.
To enter this lucrative field, candidates usually have six or more years experience as an accountant. A bachelor’s degree in finance or accounting is also a common prerequisite. Being a certified public accountant (CPA) increases the chances of landing a good job.
Comprehensive knowledge of tax codes, excellent maths skills and attention to detail are important qualities to have. These managers can save big companies millions of pounds a year in taxes, so they are compensated accordingly. The average salary for a tax manager is £60,000 per year.