Accountants vs Tax Preparers salary

The US Bureau of Labor Statistics has reported that Accountants have an average annual salary of $83,980, whereas Tax Preparers earn an average of $51,080 annually. This indicates that Accountants earn significantly more than Tax Preparers.

Nevertheless, it's worth mentioning that factors such as location, experience, and the specific workplace can affect salary. For instance, Accountants in Washington DC may have higher earnings (averaging $110,240 per annum) compared to those in Nevada ($65,470). As another example, the average income of Tax Preparers in Colorado is 134% higher compared to those in Alabama.

Accountants vs Tax Preparers overview

Accountants and Tax Preparers are crucial to the Professional, Scientific, and Technical Services industry. People are often interested in learning about the distinctions between these job titles, including the average earnings for each of them.

Accountant job description

Alternative names: Accountants and Auditors

Accountants examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

Accountant average salary

As stated by the US Bureau of Labor Statistics, the United States had a workforce of 1.32M Accountants in 2021 and the mean income they earned annually was $83,980. The lowest earning 10 percent made $47,970 or less, and the highest earning 10 percent made $128,970 or more per year. Compared to the previous year, the average salary has increased by 2.8%.

Do Accountants make good money?

The average salary of Accountants is 44% higher than the average salary in the United States ($58,260). In contrast, they earn 8% less than the average pay of the Professional, Scientific, and Technical Services industry ($91,150).

The average salary of Accountants is 44% higher than the average salary in the United States ($58,260).

Accountants job growth

In 2021, there have been 43,930 more Accountant roles than the previous year nationwide, which marks a growth of 3.4%. Over the past 3 years, job growth has averaged 1.5%.

Tax Preparer job description

Tax Preparers prepare tax returns for individuals or small businesses.

Tax Preparer education and experience

About a third of Tax Preparers have obtained a High School Diploma, 32% hold a Bachelor's Degree, and 18% have a College Course Certificate. With regard to experience, 27% of Tax Preparer occupations do not require any previous experience. A smaller number of roles (23%) require a previous experience of 1 to 2 years.

Tax Preparer average salary

According to the US Bureau of Labor Statistics, there were 83,190 Tax Preparers employed in the United States in 2021, and they earned an average annual income of $51,080. The bottom 10 percent earned $23,930 or less, and the top 10 percent earned $85,470 or more. Compared to the previous year, the mean salary has gone down by 3.1%.

Do Tax Preparers make good money?

Tax Preparers are not typically highly paid, since their mean salary is 12% below the average pay in the United States ($58,260). Additionally, they make 44% less than the mean earnings of the Professional, Scientific, and Technical Services industry ($91,150).

Tax Preparers are not typically highly paid, since their mean salary is 12% below the average pay in the United States ($58,260).

Tax Preparers job growth

In 2021, there have been 20,590 more Tax Preparer job opportunities than the previous year across the nation, and that shows an increase of 32.9%. The average job growth rate for the past 3 years has been 8.2%.

FAQ

Do Accountants or Tax Preparers make more?

Accountants make 64% more than Tax Preparers. The average annual salary for Tax Preparers is $51,080, while Accountants earn $83,980 per year.