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Tax Preparers

Prepare tax returns for individuals or small businesses.   (O'Net 13-2082.00)

 
Reported job titles:   Certified Income Tax Preparer (CTP), Corporate Tax Preparer, Enrolled Agent, Income Tax Advisor, Income Tax Consultant, Income Tax Expert   (view all job titles)
 
  • Career Video
  • Wages
  • Employment Trends
  • Industries of Employment
  • Tasks
  • Knowledge
  • Skills
  • Abilities
  • Work Activities
  • Interests
  • Work Styles
  • License Information
  • Education & Training Requirements
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    Career Video
    related to Tax Preparers
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    Wages
    for Tax Preparers
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     Location Pay
    Period
    2016
    Percentile Wages Average
    Wage
    10% 25% 50%
    Median
    75% 90%
     Vermont Hourly $ 11.25   $ 17.74   $ 25.58   $ 28.81   $ 31.08   $ 23.52  
    Yearly $23,400   $36,900   $53,210   $59,930   $64,650   $48,920  
     
     Burlington-South Burlington, VT Metropolitan NECTA Hourly $ 10.33   $ 11.40   $ 19.95   $ 26.47   $ 28.97   $ 19.42  
    Yearly $21,480   $23,720   $41,490   $55,060   $60,260   $40,390  
     
     Southern Vermont Balance of State Hourly $ 16.36   $ 23.79   $ 27.37   $ 29.91   $ 31.73   $ 26.11  
    Yearly $34,040   $49,490   $56,930   $62,210   $66,000   $54,310  
     
     Northern Vermont Balance of State Hourly $ 21.06   $ 23.12   $ 26.33   $ 40.10   $ 46.30   $ 29.76  
    Yearly $43,800   $48,090   $54,770   $83,400   $96,300   $61,900  
     
    What are Percentile Wages?
    source: Occupational Employment Statistics, Vermont Labor Market Information, U.S. Bureau of Labor Statistics, released April 2017.
     


    Employment Trends
    for Tax Preparers
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    Location Employment Annual % change
    (compounded)
    Annual job openings
    (due to growth and
    net replacements)
    2014 2024
    Vermont 230 232 0.1% 6
    source: Employment Projections, Vermont Economic & Labor Market Information, in cooperation with U.S. Bureau of Labor Statistics, statewide estimates released July 2016.
     


    Industries of Employment
    for Tax Preparers
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    Industry Percent of Total
    2014
    Accounting, tax preparation, bookkeeping, and payroll services 78.0%
    Self-employed workers, all industries 18.8%
    Management, scientific, and technical consulting services 1.1%
    Legal services 0.5%
    Administrative and support services 0.2%
    source: Employment Projections, U.S. Bureau of Labor Statistics, National Employment Matrix, released July 2016.
     


    Tasks
    for Tax Preparers
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  • Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
     
  • Use all appropriate adjustments, deductions, and credits to keep clients' taxes to a minimum.
     
  • Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.
     
  • Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.
     
  • Furnish taxpayers with sufficient information and advice to ensure correct tax form completion.
     
  • Check data input or verify totals on forms prepared by others to detect errors in arithmetic, data entry, or procedures.
     
  • Consult tax law handbooks or bulletins to determine procedures for preparation of atypical returns.
     
  • Calculate form preparation fees according to return complexity and processing time required.
     
  • Answer questions and provide future tax planning to clients.
     
  • Review financial records such as income statements and documentation of expenditures to determine forms needed to prepare tax returns.
     
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    Knowledge
    for Tax Preparers
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  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
     
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
     
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
     
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
     
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
     
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
     
  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
     
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
     
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
     
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    Skills
    for Tax Preparers
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  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
     
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
     
  • Speaking - Talking to others to convey information effectively.
     
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
     
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
     
  • Mathematics - Using mathematics to solve problems.
     
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
     
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
     
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
     
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    Abilities
    for Tax Preparers
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  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
     
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
     
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
     
  • Near Vision - The ability to see details at close range (within a few feet of the observer).
     
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
     
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
     
  • Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
     
  • Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
     
  • Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
     
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
     
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    Work Activities
    for Tax Preparers
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  • Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.
     
  • Interacting With Computers - Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
     
  • Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
     
  • Processing Information - Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
     
  • Performing for or Working Directly with the Public - Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
     
  • Documenting/Recording Information - Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
     
  • Establishing and Maintaining Interpersonal Relationships - Developing constructive and cooperative working relationships with others, and maintaining them over time.
     
  • Evaluating Information to Determine Compliance with Standards - Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
     
  • Analyzing Data or Information - Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
     
  • Identifying Objects, Actions, and Events - Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
     
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    Interests
    for Tax Preparers
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  • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
     
  • Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
     
    source: Occupational Information Network: Tax Preparers  updated June 2008
     


    Work Styles
    for Tax Preparers
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  • Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
     
  • Integrity - Job requires being honest and ethical.
     
  • Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
     
  • Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
     
  • Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
     
  • Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
     
  • Concern for Others - Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
     
  • Initiative - Job requires a willingness to take on responsibilities and challenges.
     
  • Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
     
  • Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
     
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    State of Vermont License Information
    that may be required for Tax Preparers
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    No state licenses listed for this occupation.
     


    Education and Training Requirements
    for Tax Preparers
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  • Job Zone Three: Medium Preparation Needed
  •  
  • Education: Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
  •  
  • Training: Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognized apprenticeship program may be associated with these occupations.
  •  
  • Experience: Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.
  •  
    source: Occupational Information Network: Tax Preparers  updated July 2013
     


    Schools
    offering instructional programs related to Tax Preparers
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      Related Instructional Programs
     
    • Accounting Technology/Technician and Bookkeeping.
     
    • Taxation.
     
     Search for schools offering these programs at
     
     
     
    source: National Center for Education Statistics 2000 Classification of Instructional Programs .
     


    Other Resources
    for Tax Preparers
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  • Labor Exchange Information
  • A source for occupational characteristics, such as age, gender, race, and years of education and an alternative source for occupational wage rates. Limited to people looking for jobs and the jobs advertised through VDOL Vermont Job Link.
  • Look for statewide information over the latest 12 months for Tax Preparers.
  •  
  • Occupational Outlook Handbook
  • No handbook information for this occupation.
     
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    Related Occupations
    Occupations with skill requirements similar to Tax Preparers
    Back to Top
     
     
  • Bill and Account Collectors
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  • Bookkeeping, Accounting, and Auditing Clerks
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  • Tax Examiners and Collectors, and Revenue Agents
  •  
    source: Occupational Information Network: Tax Preparers 
     

     
     
     
    Vermont.gov State of Vermont Department of Labor