Tax Accounting Programs in Minnesota
As a tax auditor in Minnesota, you would assist the state or federal government with finding costly errors and instances of fraud. You may also work for a private organization to ensure that it files tax returns in accordance with all state and federal laws. This position is an ideal match for someone who is detail-oriented, ethical and can communicate in a professional manner.
The Minnesota State Board of Accountancy requires anyone who regularly audits tax returns to possess the credential of Certified Public Accountant (CPA). You must have a bachelor or master degree before you can take the exam. Your degree program must include a minimum of 150 hours in business and accounting topics. Additionally, you are required to complete at least one ethics course.
Minnesota also requires a minimum of 2,000 hours of professional work experience in accounting to be completed in one to three years before sitting for the CPA exam. There is an application fee of $175 and a variable fee for each of the four sections of the CPA exam.
As of May 2020, accounting professionals earned an average salary of $76,130 in Minnesota, while tax preparers here earned an average salary of $51,540. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 6.5%, and the number of tax preparer jobs is projected to increase by 8%.
About 2,610 annual job openings for accountants and 160 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.
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.