Tax analysts are responsible for managing their organization`s tax documentation. They are responsible for interacting with tax authorities to resolve tax discrepancies. They manage and review inventory according to the company`s specific procedures, communicate their results to supervisors and interact with other analysts, external auditors and tax staff. Tax analysts also review and analyze company data to obtain the best tax benefits for their business and . Increasing your salary as a tax analyst is possible in several ways. Employer switching: Consider a career change to a new employer who is willing to pay more for your skills. Level of education: Obtaining graduate degrees can allow this role to increase one`s income potential and qualify for promotions. Management experience: If you are a tax analyst who supervises more junior tax analysts, this experience can increase the likelihood of earning more. Learn more about career opportunities for students currently pursuing an MBA or higher degree. At EY Tax, customizing your career isn`t just about flexibility and advancement. We help you stay relevant in a world where nothing stops. We want our tax professionals to become transformative leaders and have more strategic impact on our clients` businesses than ever before.
They have the tools and support to keep abreast of new taxes, regulatory changes, and new reporting and compliance obligations. To do this, we invest in the learning and development of our employees, including our EY badges and EY Tech MBA programs. Along the way, we`ll help you become the transformative leader the world needs – determined and forward-thinking, bringing out the best in others and in yourself. The EY Tax Young Tax Of the Year Award is an international competition designed to reward and promote the next generation of tax leaders. EY`s holistic approach to digital tax strategy means that our tax specialists spend significantly more time with clients to develop a deep understanding of their business and industry. Yes, numbers will be an important part of your job as a tax specialist, but you`ll also leverage your global mindset by providing insights into market developments and helping clients align their global tax situation with their overall business strategy. You`ll work with colleagues across borders and use EY`s tools and networks to solve complex business and tax problems. By combining the power of EY`s tax experience with innovative technology, you can help us transform the control function of the future. Our data shows that the highest compensation for a tax analyst is $NaN/year As an EY tax specialist, you provide real-time insights by working directly with clients to design and improve business strategies that deliver value and strategic and forward-looking impact. You could be working on the acquisition of one business by another; Apply technology to improve processes and save time in filing tax returns; Development of new services aimed at tax opportunities; Transformation of the staff organization; or helping a company restructure its operations to make the most of tax reform. We provide you with the scope, technology, teams, challenges, learning, and relationships to help you personalize and grow your tax career. A junior tax analyst with less than 1 year of experience can expect to earn an average total compensation (including tips, bonuses and overtime pay) of $38,442, based on 7 salaries.
An early career tax analyst with 1 to 4 years of experience earns an average total compensation of $46,799 based on 10 salaries. Taxes have now become a more strategic function for businesses, meaning the role of the tax professional has never been more important – or rewarding – especially in today`s disruptive environment. EY`s tax teams around the world help clients understand and manage their tax compliance and reporting obligations responsibly and proactively. Our professionals help clients assess, improve and monitor the processes, controls and risk management of their tax function and maintain effective relationships with tax authorities. Our practices include indirect taxes, corporate tax, global compliance and reporting, international tax and transaction services, personal advisory services, tax technology and transformation. Technology defines and underpins the functioning of the new digital tax function and enables the fulfillment of the mandates of the global digital economy. Big Data tax management enables effective compliance and provides insights that facilitate strategic business decisions. Our tax practice uses and exploits the opportunities offered by technologies such as robotic process automation, data analytics, AI and machine learning.