Tax Analysts are employed by accounting firms, banks, insurance companies, and other businesses. Some tax analysts may also work as self-employed consultants.
Employment of tax analysts is projected to grow 8 percent from 2016 to 2026, about as fast as the average for all occupations. As businesses and individuals need assistance in understanding and complying with complex tax laws, demand for tax analysts is expected to continue to grow.
Tax analysts have a median annual salary of $81,490.
What to Include in a Tax Analyst Cover Letter?
Roles And Responsibilities
- Preparing tax forms and filings according to company procedures and deadlines.
- Completing tax reports within deadlines.
- Maintaining all records necessary to complete tax forms and reports.
- Overseeing the completion of monthly, quarterly and annual tax payments.
- Research tax codes, rulings, and regulations to ensure that the company is compliant with all federal, state, local, and international tax laws.
- Calculating late fees, penalties and interest on delinquent accounts.
- Monitor changes in guidelines and legislations to understand their effect on the company’s taxes.
- Provide recommendations on how the company can maximize tax efficiency while meeting its compliance obligations.
Education & Skills
Tax Analyst Skills:
- Analytical Skills.
- Research Skills.
- Accounting Skills.
- Communication Skills.
- Tax laws and Regulations
Tax Analyst Education Requirements:
- Tax analysts must have a bachelor’s degree in accounting, finance, or a related field. Analysts may need to meet additional educational requirements or obtain professional certification to work in a particular state or with certain types of clients.
Tax Analyst Cover Letter Example (Text Version)
Dear [Name],
I am applying for the Tax Analyst position at [company name]. I have 5 years of experience in tax analysis, and I am ready to bring my skills to your team.
My experience with analyzing tax documents and preparing them for submission to federal entities makes me the perfect fit for this position. I have worked both as an independent analyst and as a member of tax preparation teams, giving me insight into the best practices from both sides of the process.
I have worked with all kinds of clients over the years, from individuals filing their annual taxes to small businesses that need help understanding their quarterly returns. I also have extensive experience managing large volumes of data and preparing it for analysis. This is important when organizing files and ensuring that we are working with accurate information for our tax submissions.
Some of my Achievements in my current role include:
- Reduced tax liabilities by 20%.
- Identified and corrected errors in the company’s tax code, leading to a 20% increase in tax savings.
- Improved compliance rates by 50%, resulting in fewer audits and increased profitability.
- Selected as a member of a team tasked with determining the company’s compliance policies.
- Initiated implementation of a new software program to automate daily tasks, which improved productivity by 22%.
In addition to my professional experience, I have a Bachelor’s Degree in Finance from University of Miami. I am confident that my qualifications make me an ideal candidate for this position, and I look forward to meeting with you in person soon!
Sincerely,
[Your Name]
Tips
When applying for a job as a tax analyst, it is important to include a well-written cover letter with your resume. The cover letter should highlight your skills and experience in tax analysis, and explain why you are interested in the position. You should also mention any training or education you have in tax law and accounting.
Refer to our Tax Analyst Resume Sample for more tips on how to write your resume and accompany it with a strong cover letter.
