Career Story: Tax Manager And CPA For A Financial Services Company

Tax Manager And CPA For A Financial Services Company

Job Title: Tax Manager/Certified Public Accountant

Type of Company: I work for an asset management holding company. My company owns approximately fifteen subsidiaries. These companies are investment advisors and investment mangers, including many mutual funds.

Education: BA, Economics and Accounting, Holy Cross College

Previous Experience: I worked as a tax and audit associate at a public accounting firm for four years. I then became a senior tax associate at a private asset management company. After a few years, I decided to start my own tax practice. I recently returned to the same asset management company as the tax manager.

Job Tasks: My principal responsibility as tax manager is managing federal and state tax compliance for the holding company that I work for and its fifteen subsidiary companies. This involves completing and filing the annual federal and state corporate and partnership income tax returns - the business version of your individual tax return, sales and use tax returns, and any other required filings.

I also ensure that our companies are maintaining their business registrations across the country by filing annual reports and updating corporate officer and director information. These tax returns can take from several hours to several weeks to prepare. Additionally, I respond to any audit requests or notices and assessments that we receive from any taxing authorities.

In order to complete these tasks, I work closely with the corporate controllers or accounting managers at each of our subsidiaries and with our outside legal and accounting counsels. I also speak with representatives of the Internal Revenue Service and the various state taxation departments on a regular basis. My job requires strong analytical and research skills, and of course good mathematical skills as well!

I generally work from my regular office, although at times I might travel to visit one of our other companies. Most people are familiar with filing tax returns on April 15th, but our businesses have returns that are due at many different points throughout the year. I have 5-7 deadlines to meet each month and I receive at least one tax notice per week. These notices may request additional information about a tax return or assess additional payments or penalties.

Best and Worst Parts of the Job: The best part of working in the tax and accounting industry is that it is fairly recession proof. Even when other industries are faltering, we all still need to file our tax returns! It is also interesting to research tax issues and find ways to lower our corporate tax liability.

The worst part of the job is that it is cyclical. The majority of the work, filing federal and state tax returns, is the same from year to year.

Job Tips: If you have an undergraduate degree in accounting and wish to enter the tax industry, I recommend pursuing a master's degree in taxation. The tax area is very specialized and the additional education will be an advantage both in applying for and working in a tax-related job.

Take the time to obtain your Certified Public Accountant (CPA) license. Even though it takes a lot of study time to pass the exam and meet the required work hours, many jobs will only accept applicants who obtain and maintain their license.

Pay attention to your writing and communication skills too! I have come across many intelligent and creative people who are less effective in their jobs because they are unable to communicate and write well.

Additional Thoughts: It is important for anyone pursuing a job in taxation to be organized because there are fifty-two federal and state taxation bodies and many local authorities, all with different requirements and deadlines. Half of the daily battle is keeping track of the requirements and due dates!

Popular Schools offering Taxation Programs

quickinfoThese schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).

Request info from multiple schools, by clicking the Request Info links.

Matching School Ads

Lower Tuition Cost Than Many Other Universities.  Classes Start Soon.

  • Programs: Bachelor of Science in Accounting, Master of Science in Accounting, Master of Business Administration in Accounting
  • Degrees: Bachelor, Master

A degree from CTU connects you to what matters most: powerful professional network, real-world professional faculty and innovative technology. Once you earn your degree you hit the ground running.

  • Programs: Master of Science in Accounting, Bachelor of Science in Accounting, Master of Business Administration - Accounting
  • Degrees: Master, Bachelor
  • Programs: Master - Professional Accounting, BS - Accounting
  • Degrees: Master, Bachelor

You’re serious about success. With your busy schedule and the desire to move your career forward, you can earn an accredited associate, bachelors or master’s degree at a pace that works for you anywhere, anytime, 24/7.

At AIU, the Serious U, you can get started to get ahead.

  • Programs: Bachelor of Accounting , Bachelor's (BBA) - Accounting
  • Degrees: Bachelor

Baker College is proud to be the largest independent college in Michigan with the most focused approach to education and training available. With one of the highest graduate employment rates in the country, our mission is to help our students find meaningful employment.

  • Programs: Accounting - Associate, Accounting - MBA (Master's), Accounting - Bachelor
  • Degrees: Associate, Master, Bachelor

Since 1888, The University of Scranton has grounded its education in Catholic and Jesuit principles based on intellectual growth and integrity, all of which shape the online master’s and certificate programs.

  • Programs: Online Master of Accountancy, Online MBA specialization in Accounting
  • Degrees: Master

For over 35 years, Keiser University has maintained a practical, hands-on approach to career education to help our students achieve their personal and professional goals. 

  • Programs: Accountancy with a concentration in General Accounting, Master of Business Administration, MBA - Accounting
  • Degrees: Master
San Joaquin Valley College
Bakersfield, Delano, Hanford, Lancaster, Madera, Ontario, Temecula, Visalia

San Joaquin Valley College - A Private Junior College.

  • Programs: Certificate - Business Administration (Accounting), Degree - Business Administration (Accounting)
  • Degrees: Certificate, Associate
California College San Diego
National City, San Diego, San Marcos

The Secret to Getting Ahead is Getting Started

  • Programs: Business Management & Accounting (AAS), Accounting (BS), Business Management & Accounting - Property Management (AAS)
  • Degrees: Associate, Bachelor
Milan Institute

Prepare for an exciting new career at the Milan Institute.

  • Programs: Accounting
  • Degrees: Diploma
Matching School Ads

Additional Career Stories for Accountants And Auditors

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Accountants And Auditors, including:

Back to Top