Bachelor in Tax Preparation
The bachelor's degrees in taxation help
students learn about the taxation systems and processes. Graduates may qualify to become tax examiners, revenue agents, accountants and tax collectors. According to the Bureau of Labor Statistics, employment of accountants is expected to increase by 13% from 2012 to 2022 while jobs of personal financial advisors are projected to grow 27% during the same timeline.
Accountants ensure that financial records are accurate, prepare and examine financial records, and assess financial operations of an organization. Inspecting account books and accounting systems, and suggesting ways to reduce costs and enhancing revenues are also among the job responsibilities of these professionals.
Students who want to opt for a bachelor's degree in taxation must hold a high school diploma or GED. They may also have to submit letters of recommendation and appear for an interview. Other factors for admissions may vary from one school to another.
Bachelor in Taxation Program
The bachelor's degree in taxation typically takes 4 years to complete. The program duration may vary depending on the enrollment status of the candidates. Students in these programs get a chance to go through an interdisciplinary coursework integrating concepts of economics, accounting, computing and law. This helps them gain a well-rounded understanding of taxation and related aspects. The curriculum may include topics such as tax law, accounting, and tax accounting systems, microeconomics and macroeconomics.
Some other courses that students may have to study include tax preparation, business expenses and retirement plans, partnership taxation, corporate income tax and tax administration and tax planning.
Online Bachelor's in Taxation
Students can also pursue the bachelor's degree in taxation online. The online program in this area of study enables students to study according to their own schedule. They have the same coursework as the students in traditional schools, and they can enjoy the freedom of pursuing self-paced programs from any location.
An online bachelor in taxation can be particularly useful for professionals who want to switch their careers and find opportunities in the financial sector.
Careers in Taxation
Graduates of bachelor's degrees in taxation may possibly become accountants, tax examiners or revenue agents. Some may also find job opportunities as personal financial advisors while others may become tax collectors.
The location, type of job and experience are some of the factors that determine the exact income of graduates. In 2012, the median annual wage for accountants was $63,550 and the median annual wage for personal financial advisors was $67,520 as reported by the Bureau of Labor Statistics.
The master's programs are also available in taxation. Students who wish to qualify for more senior positions should consider pursuing a master's degree.
Students can also pursue the graduate certificate or PhD programs in accounting. These programs may help students to qualify for professional certification examinations to become CMAs or CPAs, as well. They may work towards a continuing education program in other concentration options or elective courses. Graduate may also gain specialization in a particular area such as auditing or taxation.
Frequently Asked Question(s)
Q:Whilst searching for bachelor in tax preparation, I came across a course on Accounting Information Systems. What is the purpose of this course?
A:Accounting Information Systems would be mentioned when searching for bachelor in tax preparation. This course is worth 3 credit hours and deals with the relationship between Accounting Information System (AIS) and Total Management Information System. During this course, students also learn about verbal and written communication skills, procedures of internal control, ideal system documentation and different methods of design. Students interested are recommended to search our website for information on online institutions.
Q:What courses will I be required to attempt with tax preparation online bachelor programs?
A:Students interested in tax preparation online bachelor programs will be required to attempt a number of courses. Some of the courses included would be Opportunities in Tax Preparation, Gross Income & Exclusions, Business Expenses and Retirement Plans, Credits & Special Taxes, Partnership Taxation, Corporate Income Tax and Tax Administration and Tax Planning. Students interested in this qualification are advised to search our website for more information.
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