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Tax Managers

Outlook

Tax managers will have steady job growth in the near future. The Department of Labor does not provide data specifically about tax managers, but does forecast that accountants and auditors will have about 4 percent employment growth, as fast as the average for all occupations, through 2029. The coronavirus pandemic disrupted businesses and the economy in the U.S. as well as around the world in 2020. The pandemic is being contained in 2021, and many businesses and tax management companies are reopening. As the economy rebounds, tax managers will continue to be needed to ensure companies' business operations and tax reports meet tax laws and regulations. Tax managers will also be in demand in the coming years to keep up with the ongoing changes to tax planning and reporting requirements and increased globalization of business. Mergers and acquisitions of companies will also require the services of tax managers, for reviewing and evaluating tax records and financial reports, advising clients on strategies for reducing tax obligations, and ensuring tax filings are accurate and compliant. Tax management is a highly competitive profession. Tax managers with a master's degree in taxes or tax management or related major, who have the Certified Public Accountant designation, and who have practical work experience will have an advantage in the job market.

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