Tax Analyst Career Guide and Counseling

Question: How much earn, in average, a analyst of FED? They earn more money than a analyst of IRS? In Brazil, there is a discussion about whom of the two careers are more important for the government and the society: The collector of taxes or analysts of Central Bank.

Answer: Look 'em all up.

Question: Which job pays more.. a (tax) auditor or a financial analyst for for a medium company.? Which job do you think pays more?

Answer: Both Jobs with the right employee could pay large amounts of money. In any accounting industry your pay is commensurate with the level of work you put in. So neither will pay more, it all comes down to the individual in those jobs!!

Question: what are the major analytical issues associated with deferred tax liabilities? Also what type of adjustments to deferred tax liabilities do analysts make when examining financial statements?

Answer: Analytically, the major issue is "can the company afford the taxes when they come due" because they cannot defer the tax indefinately. Changes in deferred tax over the periods analyzed are added or subtracted to the tax on the current period's income statement when looking at cash flow measures.

Question: Tax manager vs Financial Analyst (corporate)? I'm not sure what path to choose. Which one makes more $$$?

Answer: I share your concern . Tax manager can make more money than a Financial Analyst !!!

Question: Income tax rules for independent consulatants in India? I work as a independent consultant (on contract for a fixed amount every month) in the role of a business analyst in Bangalore, India (Indian citizen). I would like to know what is the income tax structure for those working on contract, exemptions and rebates, how and when to file income tax returns. Currently the company I work for is deducting 11.33% as TDS and paying me the remaining amount every month.

Answer: You have to file your returns by 31st July every year like others. You will get all tax benefits like others. While filing your return you have to show your income as consultant and should show TDS. If you have to pay tax after TDS, pay it. Or otherwise claim refund. Basic Tax exemption for FY:2008-09 (Assessment Year 09-10): Male <65 years Rs.1.5 lakhs Female <65 years Rs.1.8 lakhs Tax rates for Male: 10% Tax between 1.5 to 3 lakhs 20% Tax between 3 lakhs to 5 lakhs 30% Tax after 5 lakhs Tax rates for Female: 10% tax from 1.8 lakhs to 3 lakhs 20% Tax between 3 lakhs to 5 lakhs 30% Tax after 5 lakhs. 3% education cess on tax payable. You can avail all benefits like others (80C, Home Loan Tax benefits etc). You will not have HRA facility like salary persons.

Question: Income tax rules for independent consultants in India? I work as a independent consultant (on contract for a fixed amount every month) in the role of a business analyst in Bangalore, India (Indian citizen). I would like to know what is the income tax structure for those working on contract, exemptions and rebates, how and when to file income tax returns. Currently the company I work for is deducting 11.33% as TDS and paying me the remaining amount every month.

Answer: You have to file your returns by 31st July every year like others. You will get all tax benefits like others. While filing your return you have to show your income as consultant and should show TDS. If you have to pay tax after TDS, pay it. Or otherwise claim refund. Basic Tax exemption for FY:2008-09 ( Assessment Year 09-10): Male <65 years Rs.1.5 lakhs Female <65 years Rs.1.8 lakhs Tax rates for Male: 10% Tax between 1.5 to 3 lakhs 20% Tax between 3 lakhs to 5 lakhs 30% Tax after 5 lakhs Tax rates for Female: 10% tax from 1.8 lakhs to 3 lakhs 20% Tax between 3 lakhs to 5 lakhs 30% Tax after 5 lakhs. 3% education cess on tax payable. You can avail all benefits like others (80C, Home Loan Tax benefits etc). You will not have HRA facility like salary persons.

Question: Did you really get a tax cut under Bu$h? Some do not understand even simple math. I pay $2200 per year in School taxes on my property, in simple math is this a Tax cut? It increased 5 times in 4 years under Bu$h. WASHINGTON - If it seems like your taxes have been going up, they probably have — at least at the state level. State taxpayer burdens increased by an average of 41 percent from 1994 to 2004, according to newly released data from the census bureau. Only one state, Alaska, saw the amount it collects per person decline. Even when the numbers are adjusted for inflation, the individual tax burdens increase in 43 states. Hawaiians last year paid the most to state government — $3,050 per person on average. Texans paid the least — an average of $1,368. Rising education and Medicaid costs have fueled spending growth, which has led to higher taxes, analysts said. "Medicaid has been the fastest growing program in state budgets going back to 2000," said Arturo Perez, a fiscal analyst at the National Council of State Legislatures. Medicaid is the state-federal health insurance program for the poor. In an effort to stem rising costs, Congress passed legislation last week allowing states to charge about 13 million Medicaid beneficiaries new or increased co-payments and premiums. Use Simple math, add all taxes as taxes. Federal, State, and Local makes no difference, they are all taxes. I want to end all Federal taxes. If my federal tax goes down $1 and my local school tax goes up $1, i got nothing. I have no kids in School. In my State they took out $40 million from the Schools funding and gave it to private schools. Then increased my tax. Our State is close to bankruptcy, many States are.

Answer: Only if you are a major corporation and/or a really rich person that does not need a tax cut. I'm too poor to get a tax cut. Billioaires for Bush

Question: what are the need for tax analys possisation incom tax analyst difference between us and india

Answer: ?

Question: Financial analysts and others working in Finance-what kind of job did you have when you first started working? I'm working part time (35 hours a week) as a bookkeeper and tax analyst and still have a few more classes to take until I graduate with a finance degree. Is bookkeeping and tax analyzing good to put on my resume before I graduate and apply for a financial analyst position or should I seek another job? I've tried searching for an internship, but they're all too far from where I live and go to school. Would bookkeeping and tax analyzing look good on my resume? Thanks!

Answer: banker

Question: How are we supposed to know what to do with ourselves? My life has been one career mistake after another and I want to know how we are meant to get these decisions right? The careers advisers at school were a waste of space (and as if you're going to take them seriously when you're 15) and the ones at university said things like "After graduating with an MA in English Literature you could go on to be a trainee tax analyst" By the way, I've followed what would make me happy my whole life but never caught it. I'm sick to death of trying and getting no where.

Answer: there are lots of career quizzes online to see what you would be best suited to. the one we used at school was at www.groper.com.au (no its not a rude website). if you want a simple, easy and quick quiz with a general answer, this is the place to go: www.blogthings.com/idealcareerquiz/ this is an article on how to use online career tests: http://www.mindtools.com/page12.html if you live in australia, then jobguide.dest.gov.au is good. also, www.myfuture.edu.au/ has some quizzes and advice. there is some infomation specific to australia, but they still have some great info. here are some other sites to check out (free) http://www.quintcareers.com/career_passion_tutorial/ http://www.oup.com/elt/global/products/horizonscee/quizzes/career here are some sites to check out (free tutorial but website is selling product) http://www.futureproofyourcareer.com/ http://www.3smartcubes.com/pages/tests/idealcareer/idealcareer_instructions.asp best wishes

Question: Is this a valid tax deduction? I started working as a Research Analyst for a movie company last year and my job requires me to know about all of the competitor's products. Therefore I am constantly going to movies to keep up on the competition. When I first started my job, someone mentioned I could deduct these viewings come tax time. Is this true?

Answer: Yes...If you are an independent contractor you get the full deduction. If you're an employee, it's a misc. deduction subject to the 2% exception.

Question: In evaluation ratios,when do we use income before tax,and when do use income after tax? in the financial analysis and evaluation ratios,such as return on investment,residual income,and economic value added,why do use income before tax and in other ratios income after tax,what is the difference it makes in the interpretation of each ratio??plz financial analysts help

Answer: after tax!!!

Question: Why are news analysts referring to Obama's tax cuts as...? "robbing from the rich and giving to the poor"? I keep hearing them talking about how his increased tax plan on the wealthy and reduced tax plan for the middle class is an income redistridution plan. How is letting the middle class keep more of their money income redistribution? If Obama's tax plan is income redistribution, then isn't that what is also happening under the current plan? Thanks. Reguardless of taxes, investments will be made, but by different people.

Answer: The so-called 'rich' run the economy through their investments, which keep the middle class working (jobs). Raising their taxes destroys the economy and thus trickles down to the middle class. You are rewarding one group in favor of another, the beginning of socialism.

Question: is this tax progressive or regressive and explain why? also read details below? sandy and barbara both work for the same company. sandy is a secretary and makes 25,000 a year. barbara is a research analyst and makes 50,000 a year. sandy is in the 15% tax bracket while barbara is in the 28% bracket. is this tax progressive or regressive

Answer: Progressive tax. A progressive tax is a tax imposed so that the tax rate increases as the amount subject to taxation increases. Hence Babara is 28% at 50K/year salary and Sandy only pays at 15% since her salary is lower. In simple terms, it imposes a greater burden (relative to resources) on the rich than on the poor. "Progressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from low to high, where the average tax rate is less than the marginal tax rate. It can be applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. Progressive taxes attempt to reduce the tax incidence of people with a lower ability-to-pay, as they shift the incidence disproportionately to those with a higher ability-to-pay.

Question: I need a trusthworthy financial analyst to give me advice. Can you recommend any? If they're trustworthy they could be anywhere, I don't mind corresponding via the Internet. I just want someone who's knowledgeable and can tell me how to best diversify, save on income tax, break even on tax return day, etc.

Answer: Wph Actually "A fool and his money were lucky to get together in the first place." WPH00 gave good advice. Go talk to several professionals until you find one with which YOU feel comfortable. You should start your search with yourself. Think about your goals and needs. There are lots of ways to accomplish your goals. There are also many aspects to your financial life that are complicated and change frequently. When you find tha appropriate advisor, be prepared to reveal everything and be prepared to pay a fee for the advice as well as make changes in your spending and probably buy various products - insurance as well as investments. Ask your friends who they use for financial advice. Good Luck

Question: How is job market for accountant? Is it paid good? and how about financial analyst and tax preparation?

Answer: The job market for accountants is great. How can I say that? Every company needs one or more accountants. How many companies employ brain surgeons? Pay various from 8-10 dollars for a person doing busy work in a CPA's office. Someone with an accounting degree can usually expect 40-70 thousand starting pay.