What does a Tax Manager do?
Tax managers are primarily responsible for accurately preparing and filing state and federal tax documents. In addition, tax managers develop tax strategies and policies that help the client or business maintain compliance with local and federal tax laws and regulations. Lastly, tax managers work to identify tax problems and propose solutions. Tax managers can work in-house for a business or work as a consultant for multiple clients.
Tax managers generally have a bachelor's or master's degree in accounting, business, economics, or finance. In addition, many states and all publicly traded companies require that tax managers have their Certified Public Accountant (CPA) license from the local state board of accountancy. Obtaining a CPA license entails education, accounting experience, and passing the Uniform CPA Examination.
- Facilitate and manage the preparation and review company federal tax returns and the accurate, timely filing of all tax forms.
- Ensure accurate, timely filing of consolidated federal, state and local income tax returns and other business related filings.
- Find and implement opportunities for process improvement in company tax procedures.
- Develop and implement strategic tax planning for all necessary federal and state taxes.
- Manage members of the tax team as they prepare components of the company's US federal income tax return and other tax documents.
- Plan for and develop overall return calendar and coordinate timing and inputs with tax team.
- Maintain effective control procedures over all aspects of the tax process.
- Manage and facilitate IRS income tax audits: preparing responses, creating schedules, etc.
- Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and the tax team and create strategies to capitalize on changes to taxation legislation.
- Provide support with various internal audits and special tax related projects.
- Review tax returns and quarterly/yearly tax projections.
- Manage and mentor members of tax team to greater levels of effectiveness and engagement.
- Extensive individual/corporate/partnership tax knowledge
- Strong accounting, analytical, and research skills.
- Excellent written and oral communication skills.
- Strong knowledge of tax code, compliance and procedures for corporations.
- Familiarity with U.S. federal, state and local reporting requirements.
- Strong experience with a variety of tax operations and ability to drive process improvements.
- Strong ability to utilize project management and accounting best practices to organize and prioritize tasks and the tasks of other tax team members.
- Ability to work well independently as well as the ability to work well with stakeholders and communicate the benefits of tax initiatives.
- Strong organizational and interpersonal skills.
- We are looking for a candidate with 5+ years of experience in a tax manager or public accountant role and at least 2 years of experience in a management role. Preferred candidates have a current CPA license and a master’s degree in an accounting discipline. The Tax Manager must be proficient with the following software/tools:
- Strong skills and experience with Word, Outlook, Excel, QuickBooks.
- Familiarity with UltraTax, SAP, RIA Checkpoint, and BNA
Tax Manager Salaries
Average Base Pay
Tax Manager Career Path
Learn how to become a Tax Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Tax Manager Insights
“The growth opportunity is tremendous and I am looking forward to continuing to develop and grow here.”
“The partners and managers really value internal growth and provide the resources for you to learn and grow your career.”
“The people are smart and good to work with.”
“Good for learning and development”
“Good for working and development”
“Great resources and mentor programs that help maximize training and career development”
“Good work and life balance”
“Good comp and career progression”
Tax Manager Interviews
Frequently asked questions about the role and responsibilities of a Tax Manager
When working as a Tax Manager, the most common skills you will need to perform your job and for career success are Leadership, Deliverables, .NET, Consulting and Audit.
- Tax Consultant
- Tax Professional
- Tax Accountant
- Tax Analyst
The most common qualifications to become a Tax Manager is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.