Tax Accounting Programs in Mississippi
Pursuing a tax auditing program in Mississippi can provide a student with a strong foundation for a successful financial career. Tax auditing programs typically cover courses like analysis of financial statements, reporting requirements, legal aspects of filing taxes, government accounting, management accounting, tax auditing and research methods for accountants.
The Mississippi State Board of Public Accountancy requires that students obtain at least 150 credit hours from an approved college to receive a CPA license. Students will also need to obtain an actual baccalaureate or other types of degree from an approved program. There are specific courses that students must also take, which include financial accounting, auditing, taxation, management accounting and government accounting. One must also be considered a resident of Mississippi.
Within five years of taking the CPA exam, students must be sure to file an application for a license. Reciprocity for a license may be available if a state has similar application requirements to Mississippi.
Career opportunities are available at entities like government agencies, banks, insurance companies, private corporations, law firms, accounting firms and other types of employers. With a tax auditing degree, students will be able to excel in performing the tax filing processes, auditing procedures and financial reporting procedures that are required under the law.
As of May 2020, accounting professionals earned an average salary of $66,450 in Mississippi, while tax preparers here earned an average salary of $45,790. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 2.5%, and the number of tax preparer jobs is projected to increase by 3%.
About 20 annual job openings in this field 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.