Tax Accountant vs. Tax Preparer: What’s the difference?
When it comes to your taxes, you may find yourself choosing between a tax accountant and a tax preparer. Both can file your taxes but their qualifications, services and expertise can be very different. Knowing the difference can help you make an informed decision and get the right level of service for you. Tax Accountants: Certified Tax accountants are certified professionals who have extensive knowledge and training in tax laws, accounting and financial planning. They often need a degree in accounting or finance and must pass tough certification exams to get credentials like Certified Public Accountant (CPA), Chartered Professional Accountant (CPA in Canada) or Chartered Accountant (CA). Qualifications and Certification Education: Bachelor’s degree in accounting, finance or related field. Certification: Pass professional exams (e.g. CPA exam) and meet ongoing education requirements. Membership: Member of professional bodies like the Canadian Institute of Chartered Accountants (CICA)