Tax Accountants

Tax accountants that work for medium to large firms will have better employment opportunities in the coming years than those who work for small firms. Employment for accountants and auditors is expected to to grow by 6 percent from 2023 through 2033, according to the U.S. Department of Labor. This is faster than the average for all occupations. Demand for tax accounting services will be due to the ongoing changes to tax laws and regulations and continual globalization of business. As more companies merge their businesses and acquire other companies, tax accountants will be needed to review financial records, advise clients on tax issues and liabilities, and prepare tax returns that are accurate and meet deadlines. There is strong competition for tax accounting jobs. Those who hold the certified public accountant credential, have a master's degree in accounting or a related major, and have practical work experience, will have the best job prospects.

Technological advances will continue to change the work of accountants and auditors. The DOL reports that "some routine accounting tasks may be automated as platforms such as cloud computing, artificial intelligence, and blockchain become more widespread. Although it will increase accountants' efficiency, this change is not expected to reduce overall demand. The automation of routine tasks, such as data entry, will instead make accountants' advisory and analytical duties more prominent."