Tax Accounting Programs in Ohio
Educational Information:
An auditor has the responsibility of examining the financial records of a business entity to check for waste or fraudulent activity. These individuals will go through the government, company and individual agencies to make sure they are in total compliance with all of the tax laws.
Licensing Information:
Even though there aren’t any specific licensing requirements for an auditor, a bachelor degree is preferred. Many graduates choose to get their CPA license to boost the amount of opportunities they have available to them. To get a CPA license, you have to be at least 18 years old and a resident of the state, as well as meeting various work and educational requirements. Students also need to have strong analytical skills, exceptional communication skills and a love of numbers.
Employment Information:
Ohio is one of the leading manufacturing states, but they also have a strong banking and insurance sector. They offer opportunities for a number of different auditing and accounting professionals, such as insurance accountants, cost accountants and management accountants. Ohio consistently ranks among the top business-friendly states throughout the entire country. Thanks to their business-friendly tax system, auditing and accounting professionals will find a number of lucrative jobs within the state.
As of May 2020, accounting professionals earned an average salary of $74,460 in Ohio, while tax preparers here earned an average salary of $40,780. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 2.5%, and the number of tax preparer jobs is projected to decrease by 2%.
About 4,850 annual job openings for accountants and 250 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.
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)