As a tax professional, it’s common to wonder whether pursuing certifications in tax compliance is worthwhile. While they aren’t necessarily required by all employers for every position, having the right tax professional certifications is typically worth considering. Here’s a look at the benefits of having certifications in tax compliance, as well as the tax professional certifications you may want to explore.
The Benefits of Certifications in Tax Compliance
Certifications in tax compliance allow you to quickly demonstrate your knowledge and expertise, often serving as a sign of proficiency in the addressed topic. Additionally, pursuing a certification often serves as a learning opportunity, as you need to make sure you understand all the information that’s covered in the associated exam.
After securing a certification, you’re typically more employable in the eyes of hiring companies. Some may have specific certifications as a requirement, so obtaining them makes you eligible for more positions. However, even if that isn’t the case, a certification makes you a more impressive candidate. In turn, you’ll often have an easier time standing out from the competition and may even be able to secure a higher salary if you’re hired.
Tax Certifications Worth Pursuing
Which tax certifications are worth pursuing can vary depending on your specific niche. As a result, it’s wise to consider all your various options as a starting point. Then, you can factor in how you envision your career unfolding, allowing you to select credentials that provide you with the utmost value.
In many cases, it’s wise to begin with the most in-demand or widely recognized tax professional certifications on the market. Here is a list of some of the best certifications in tax compliance available:
- Accredited Tax Advisor (ATA)
- Accredited Tax Preparer (ATP)
- Certified Financial Planner (CFP)
- Certified International Tax Expert (CITE)
- Certified Public Accountant (CPA)
- Certified Tax Coach (CTC)
- Certified Trust and Estate Practitioner (CTEP)
- Chartered Tax Consultant (CTC)
- Chartered Tax Professional (CTP)
- Enrolled Agent (EA)
When selecting credentials to pursue, you must factor in the various requirements before moving forward. For example, some may need a specific amount of experience before you’re eligible.
By knowing what’s required, you can determine whether you should pursue the certification today or if it’s a target to aim for in the future. Then, you can use that information to plan your career path, allowing you to proceed strategically.
Find Your Next Job After Earning Your Certification
Once you’ve earned a certification in tax compliance, you’ve elevated your position as a candidate. As a result, that can make it the perfect time to pursue a new job opportunity, allowing you to leverage your enhanced credentials to advance your career, earn a higher salary, and more.