Tax Managers, named number one job

What is a Tax Manager? Is it simply someone who manages taxes, or is there more to the process? This article will cover what a tax manager is and why it is one of the most profitable jobs available today.

You want to make more money, that’s exactly why you clicked this article. We believe you can and want to help you keep as much of it as possible. The more money you keep, the more you have to impact the world around you as you see fit. Isn’t that why we’re all in business, to be apart of something great. This article won’t just talk about how to pick up a different side hustle, this article will explain how you can elevate your life with just one job.

At Anguiano Consulting, we believe in empowering you with the tools you’ll need to run a successful business, and create financial independence out of this opportunity. Opportunities are all around us but what you make of it is really what matters. We know that today’s world is challenging, that’s why it makes more and more sense to have a consulting team. 

All of these tasks like Accounting, Bookkeeping, Tax Planning, building a team, growing a business, and making a profit are hard. Your focus should be on the one thing that makes you a profit, when you focus your efforts, the task becomes effortless. But these are things to keep in mind as you grow, let’s get you started on your path to a new life.

A Tax Manager has the responsibility to keep the business operations of different clients in-line with local, state, federal, and international tax laws and regulations. The tax strategies set in place are developed to keep the company in compliance and increase the income through tax reduction strategies.

A Tax Manager can save a company anywhere from hundreds of thousands to millions, depending on the company. Tax Managers have the best opportunities to support entrepreneurs in their journey. The great part is, you can become a Tax Manager with the proper training.

Why is tax manager the number ONE job?

Tax Manager is the number one job because it has so many benefits. The benefits of a tax manager extend beyond the pay. Marketwatch states tax planners have a median base salary of $112,021 a year. As a tax manager you’re not limited to one market. Think about it? All businesses deal with taxes, we deal with taxes in our personal lives, and taxes are different depending on where you’re located.

Nevada residents don’t pay STATE income tax, over 18% of the State of Nevada’s revenue is from the casinos.

All states tax property, but New Hampshire taxes dirt. The granite state and has an excavation tax at a rate of $.02 per cubic yard. The tax applies if you’re moving more than 1,000 cubic yards.

The opportunity is everywhere, that means that you won’t have to relocate for your job. You can literally work from anywhere in the world.

Tax laws keep you constantly improving, as tax laws change you will be responsible for implementing different tax risk strategies and policies to help your owners. The great part is, you don’t need a degree to become a tax manager, you need a mentor.

You need management experience (for yourself most of all), experience in negotiating and communicating problems or solutions, knowledge of the federal, state, and local tax laws.

Why you need a mentor?

You don’t need a degree to be a tax manager, you need a mentor. Certified Public Accountants, learn the tax codes just like everyone else. Most schooling is outdated, because information changes every year. By 2020, the amount of information we have accumulated as a species will double daily, DAILY. That means that most degrees will be outdated after a few years.

If that doesn’t convince you, the IRS does not require tax preparers to be licensed in order to prepare them. Without a license you can’t represent your client, they have to represent themselves but you can help them plan. That’s another reason becoming a tax manager is so lucrative, it doesn’t require a student loan.

Becoming a CPA can teach you accounting basics but the future belongs to the ones who can adapt when the basics can’t help.

You need a guide to help you, a mentor, a teacher, call it what you will. Someone with experience in Accounting and Bookkeeping. A mentor that can teach you how to create your own CFO services and tax planning business.

Rosa has more than 25 years of experience in financial consulting and can give you the tools you need to become a Tax Manager.

What does it take to be a tax manager?

Tax Manager is the number one job because it has so many benefits. The benefits of a tax manager extend beyond the pay. Marketwatch states tax planners have a median base salary of $112,021 a year. As a tax manager, you’re not limited to one market. Think about it? All businesses deal with taxes, we deal with taxes in our personal lives, and taxes are different depending on where you’re located.

Communication skills are the number one skill to work on as a Tax Manager. Taxes are complicated and it’s your job to communicate these complexities so that your clients understand their benefits. Think about the last time you ate at a restaurant when your food was ready, how did the water bring it to you?

Did they throw the plate in your lap and spill food all over you?

Did they set it in front of you gently and politely?

Probably the latter, yet time and time again we throw the plate at people. Take note in the eloquence of waiters and the ones that you remember the most. They’ve mastered communication in the smallest manner.

The next skill is adaptability, as new tax laws change, your ability to strategize around these changes will impact your clients outcome. I find that adaptability is similar to being an opportunist, it is like the rain and the snow, both in different forms but the same in nature.

Adaptability and opportunity sees possibilities, I know no other way to find possibilities, than to look for them. Financial consultants create opportunities; accounting creates an opportunity to build more wealth, bookkeeping creates a structure for analysis opportunities. Adaptability is advanced problem solving and essential to a tax managers duties.

The last skill is a willingness to learn, you will be required to learn large amounts of technical knowledge. A tax manager needs to be capable of seeking out the newest developments by reading, learning, and networking with other tax professionals or contacts.

Think abundantly

In Doctor Stephen Covey’s The 7 Habits of Highly Effective people, think win-win is one of those habits. A tax manager that creates this habit thinks abundantly. When you win and other people win you’re more likely to help someone. I believe it’s ingrained in our minds that we need to be heros, through movies and stories we have been moved to become something great or change the world.

This is seen in us throughout history, I believe it’s from stories. Our most powerful abilities to communicate is through stories. Stories are so powerful, the narrative you tell yourself will determine the outcome of your life. 

Whether you think you can or you
think you can’t — you’re right. – Henry Ford

Thinking will play a big part in everything you do. Thoughts create our emotions, our emotions determine our actions, and our actions shape who we are. Who we become impacts our thoughts and it continues in the never-ending cycle of development. Humans have the ability to choose the future we want. Most animals on this planet are a product of their environment, the human species is special, in that we get to decide who it is we want to become.

Between stimulus and response, there is a space.
In that space is our power to choose our response.
In our response lies our growth and our freedom. – Viktor E. Frankl

Thinking will play a big part in everything you do. Thoughts create our emotions, our emotions determine our actions, and our actions shape who we are. Who we become impacts our thoughts and it continues in the never-ending cycle of development. Humans have the ability to choose the future we want. Most animals on this planet are a product of their environment, the human species is special, in that we get to decide who it is we want to become.

Mastermind group

The concept of the mastermind group is explained across various personal development books, such as think and grow rich. By organizing or joining a group you tap into the infinite intelligence of the universe. Not every business is the same, so when you encounter something new, it pays to be apart of a mastermind group.

A mastermind group is a collection of individuals that you turn to for answers. Each of you can confide in one another and learn, when we grow together, we all win. We can teach you how to create your own mastermind group within the community. Without all the vanity and popularity metrics that some groups or pods carry.

The idea isn’t to just grow, it’s to build your business, if it doesn’t grow your business, it isn’t helping you. We believe in focusing on the numbers that are going to allow you to create more time and grow your business. We carry that belief to knowledge, learn and grow, but apply what you learn. Knowledge is power but only if its used.

The myths stopping you

By now you’ve considered picking up the phone, calling our office, and asking how you can get started. But this is the time when those things we call ‘doubts’ come in. I want to answer the myths stopping you, those doubts that crept into your mind, and reinstate the confidence you felt at the beginning of the article.

These are valid reasons, in fact most reasons are, but you’ll always have a reason to do something and not to do something. It’s up to us to decide which reason we’re going to allow to drive our decisions.

I don’t have the money

A Tax Manager makes $112,000 a year. Let’s be realistic about you starting out, could you make more or less than $112,000. The answer is ‘It depends on how hard you work.’ The money you pay for training is an investment. Just like you’re going to communicate to your future customers. If you save someone $60,000 a year, paying you $8,000 is an easy choice. But you need to communicate it.

Money isn’t created by us out of thin air, it’s earned through giving value. You might not have the money, but you can give the value, which means you can receive the money.

I’m not smart enough

This is a common myth, the idea that we aren’t smart enough. Look at Albert Einstein, the man who skipped school, and today we look to him for intelligence. You might not have the information but you don’t need to know it all right now. You only need to understand how to learn. We can teach you how to learn and adapt to a new way of thinking.

I can do it later

The myth of time is probably the most fascinating myth. ‘I can do it later,’ is what we tell ourselves. But time works in two ways, we have time spent and time gained. We are constantly gaining and spending time. The only problem is, we have a certain amount that we can gain. We can’t gain any more than that limit. There’s another problem, the amount of time we gain can be taken away from us in an instant.

I’ll leave you with three pieces of advice; you have the money you need because you’re resourceful and money is a resource. You’re smart enough because education is your ability to acquire knowledge, not your ability to recite it. You can’t do it later, the decisions you make today is what will create your future, why put off until tomorrow what you can do today?

Bottom line

You don’t need to get a bunch of things right, you only need to get a few things rights. If you want to help people, Tax Manager could be the job for you. You can be the one that has your customers best interest in mind. Becoming a Tax Manager is easier today thanks to software but you will still need a support group, no one does this alone.

Instead of thinking about why you can’t create the future you want, think about the future you want. You will figure out how to create it and becoming a tax manager might just be the job to do it. You don’t need anything fancy, what you need is a willingness to go all in on you, when you bet on yourself you always win.

If you’re willing to change your life, then it will. If you’re interested in becoming a CFO or running your own consulting practice, please reach out to us. We would love to help you create success in your life.

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