Tax Accounting Programs in Massachusetts
Educational Information:
Professional tax auditors save their employers and the government millions of dollars every year by discovering errors, omissions and fraud on state and federal tax returns. Tax auditors who work for a private organization also provide financial guidance to their employer to ensure that the company remains profitable.
Licensing Information:
To work as a tax auditor in Massachusetts, you need a minimum of a bachelor degree as well the Certified Public Accountant (CPA) credential. All applicants for the CPA exam must have completed 150 hours of post-secondary education within three years of passing the test. The following requirements must be met before taking the CPA exam:
- 120 hours of post-secondary coursework from an accredited college.
- Completion of 21 hours in accounting courses, including audit, financial accounting, management accounting and taxation.
- Completed nine hours of courses in business law, information systems and finance.
Employment Information:
As of May 2020, accounting professionals earned an average salary of $88,830 in Massachusetts, while tax preparers here earned an average salary of $64,120. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 3.7%, and the number of tax preparer jobs is projected to increase by 3%.
About 3,850 annual job openings for accountants and 230 annual job openings for tax preparers are expected during this ten-year period leading to 2028 due to a combination of new job growth, retirements, and natural job turnover. Some of the top employers in Massachusetts for tax auditors include:
- Global Partners LP
- Jiten Hotel Management
- American Biltrite, Inc.
- Hilton Hotel of Boston
- KPMG
May 2020 Bureau of Labor Statistics salary and job market trends for accountants and auditors and tax preparers. Figures represent state data, not school specific information. Conditions in your area may vary. Data accessed April 2021.
Job growth projections for accountants and auditors and tax preparers sourced from the U.S. Department of Labor-sponsored O*Net database and based on state-specific information (2018-2028)