Tax Accounting Programs in Delaware
Delaware employers rely on skilled tax auditors to ensure that company returns are prepared correctly. Federal and state government bodies also employ tax auditors to uncover errors and fraud in both individual and corporate tax returns. The tax auditor then attempts to recover money for the government by bringing these issues to the taxpayer’s attention.
As part of the state licensing requirements, you need to obtain a passing score on the Certified Public Accountant (CPA) exam. All applicants must have completed a bachelor degree at an accredited college prior to the test. Your college coursework must include 24 hours of instruction in taxation, auditing and financial accounting. The initial application fee is $145. There is also a separate fee assessed for the business, regulation, financial and audit sections of the CPA exam. You need at least 150 hours of college credit before you are awarded the certificate.
As of May 2020, accounting professionals earned an average salary of $81,990 in Delaware. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 5%, which is greater than the national average growth rate of 4% during this period. About 600 annual job openings for accountants and 20 annual job openings for tax preparers are expected during this ten-year period leading to 2028 due to a combination of new job growth, retirements, and natural job turnover.
In addition to the State of Delaware, some of the other major employers of tax auditors in Delaware include:
- JP Morgan Chase
- Lincoln Financial
- DelStar Technologies
- Randstad Finance & Accounting
Two of these companies are financial organizations, two are private companies and one is a staffing service. Some of the largest employers in the state use staffing services to hire tax auditors on a trial basis.
May 2020 Bureau of Labor Statistics salary and job market trends for accountants and auditors and tax preparers. Figures represent state data, not school specific information. Conditions in your area may vary. Data accessed April 2021.