Pursing a career or business move to become a tax accountant is a solid life plan. The accounting and bookkeeping field has been around for centuries and certainly isn’t going anywhere soon.
Here are six benefits of becoming an accountant:
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A Career In High Demand
Accounting boils down to the accurate and careful management and tracking of money. Businesses of all sizes require this essential service on a regular basis, and don’t forget there is a yearly busy season! When taxes are due, accountants are in the highest level of demand they see each year.
Of course, the demand throughout the rest of the year is still constant, spanning every sector of the economy from non-profit organizations and government agencies to e-commerce brands and freelance consultants. Accountants keep businesses running and will continue to do so for the foreseeable future.
Becoming A Tax Accountant Offers Advancement Opportunities
- While becoming an accountant is a highly desirable prospect all on its own, it isn’t necessarily the end of the line in the finance sector. Once an accountant has reached a suitable level of education and gained the necessary experience, they will have a solid foundation that can be leveraged to gain other roles. Successful accountants at accounting firm NYC have a lucrative career and many opportunities to grow and broaden their knowledge and expertise. It’s much easier to determine which area is most suited for which individual, after having a taste of different branches of accounting.
Some common opportunities for trained accountants are a personal junior auditor, financial advisor, forensic accountant, and actuary. Other potential fields include budget analyst, auditor, and even corporate financial officer.
High Earning Potential
As an educated and proficient accountant, you have the potential to earn an above-average salary. Accounting firms hire accountants at varying levels of entry but according to Glassdoor, the average salary for an Australia-based accountant is $87,500.
These numbers are before any additional income is earned through commissions, tips, cash bonuses, or revenue sharing, the latter of which is common in the accounting industry. If you’re looking to start a new career as a tax accountant, you could be looking at a significant salary boost and a prestigious lifestyle change to go with it.
Favorable Path For Entrepreneurs
Launching your own business isn’t possible in every profession, but for accountants, it’s not only possible but may be preferred. Being your own boss and choosing who you work with and how much work you take on is an enticing prospect.
The accounting industry is one that requires ongoing induction – you never stop learning. This makes it a wonderfully diverse industry that never gets stale or boring, especially if you’re always improving at what you do. Entrepreneurial accountants will find this aspect particularly enticing as they typically enjoy advancing their skills and the services they offer.
Tax Accountants Have A Better Understanding of Finances
The reason accountants are paid to do their job, and usually paid quite well, is because they have a unique set of skills and an understanding of money and finances that most people lack. This knowledge can be as valuable for an accountant’s personal finances as it is for their customers.
The Opportunity To Work Remotely
As an accountant, you really only need a laptop, the right software, and a wifi connection. This opens up a whole world of possibilities for remote work. You could enjoy the benefits of working from home and spending more time with your family, or you could explore Mexico, South America, Europe, or anywhere else in the world that takes your fancy.
If you’re thinking of starting a career as a tax accountant, this is your year. Many new businesses have been launched since the start of the pandemic, all of which will need this service. The opportunities abound, so don’t be afraid to take the leap.