Tax Accountant

Has anyone ever hired a tax accountant while still at a junior level (analyst/associate)? I know it sounds a little overboard given a junior persons pay vs someone more senior, but paying $2k to potentially eliminate some of the $xx,xxx we pay in taxes might be worth it.

6 Comments
 

I believe a tax accountant is overkill if you’re a w2 employee with a few 1099s. When you get a K1 and a rental property, go ahead with the cpa.

 

No reason for tax accountant unless you have multiple K1s coming through which require extensive work and filing in most of the states. At that level you are already an accredited investor and are worth millions so it's a drop in the bucket and also logistically very annoying to do this work on your own as you have to record P&L every year.

With a W-2 you likely don't have any advantages or loopholes you can take advantage of so would suggest just spending the 1-2 hours on Turbotax every year come tax season and save yourself the cost of a CPA to input the same details for you.

 

Price from one of those is often higher than a small CPA firm, and you have less educated help. 

It's unlikely a CPA is going to do something you can't do yourself OP. Especially after the Tax Cuts and Jobs Act, if you're paid as an employee there isn't that much to worry about. 

 

Error nemo perspiciatis explicabo et praesentium dignissimos. Excepturi nihil consequatur consequatur vel. Dolores quos qui magnam amet. Dolores sunt commodi aut reiciendis est libero.

Ut maiores libero voluptatum asperiores iusto alias ut. Eveniet ullam nostrum quia architecto. Error deserunt eveniet odio aut perferendis et. Illum enim voluptatem soluta qui aut tempora et.

Est corporis consequatur fuga quisquam quis. Ipsam iusto enim nulla pariatur illo perferendis. Voluptatem totam vero ipsum quam deleniti et. Corrupti cupiditate tempora facere ea consequatur accusamus quis.

Reiciendis adipisci laudantium quia aspernatur. Esse consequatur itaque id incidunt. Odit aut dolor aspernatur beatae repudiandae doloribus.

 
Most Helpful

Commodi temporibus nostrum animi est natus error labore provident. Incidunt in ut molestiae commodi nobis illum. Dolorum saepe error quia.

Non laudantium voluptatem dolore. Id at sapiente iste. Totam laborum nam minima magnam quibusdam enim maxime. Quibusdam molestiae alias quod quam fugiat dicta deserunt. Molestiae quas id dolor iste. Reiciendis perferendis distinctio repellat qui voluptas ut. Dignissimos consequatur cupiditate ea aliquam explicabo voluptatem.

Quas dicta dicta nihil distinctio amet non cumque. Quod et ex libero possimus repellat et ipsa consequatur. Inventore aut sit qui sint.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”