Tax Analyst: Key Skills, Qualifications and Career Path
Learn about the key skills, qualifications, and career path for a Tax Analyst
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Practice Now »What is a Tax Analyst?
A Tax Analyst is a professional who specializes in interpreting tax laws and regulations, helping individuals and businesses understand their tax obligations and finding ways to minimize their tax liabilities. In this role, you would be providing valuable guidance on various tax issues, analyzing financial data, and ensuring compliance with the UK's complex tax system.
Skills
- Strong knowledge of tax laws and regulations in the UK
- Analytical and problem-solving skills
- Attention to detail and accuracy
- Ability to interpret financial data and reports
- Excellent communication and interpersonal skills
- Proficiency in using tax software and tools
- Time management and organizational skills
- Ability to work independently and as part of a team
- Flexibility and adaptability to changing tax laws and regulations
- Continuous learning and professional development
Qualifications & Education
- Entry with GCSEs/S grades or a BTEC/SQA award
- Possession of a degree or equivalent qualification
- Professional qualification in accountancy or taxation
- On-the-job training for approximately four years
Career Path
Frequently Asked Questions
A tax analyst specializes in reviewing tax liability and tax practices for a company. They maintain current knowledge of federal, state and local tax laws and codes, assist with company tax filings, monitor compliance with tax codes, and identify opportunities for tax savings.
An EY tax analyst in the UK calculates taxes owed by companies, processes and files tax returns, analyzes tax policies for compliance with the law, stays up to date on tax laws, and oversees audits.
Identify your strengths and weakness in a realistic Tax Analyst mock interview, under 10 minutes
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