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. 

 

Assumenda est et voluptas aperiam reiciendis incidunt ratione. Sunt omnis est quaerat voluptatem reprehenderit qui minima. Error consequatur ipsam quis ut.

Cum fugiat quas et vel doloremque beatae. Vel totam et quae laboriosam id architecto iusto. Aut ex impedit quas quia delectus sed.

Aut et in et id est eligendi ut. Similique vel ipsum rerum repudiandae deleniti omnis blanditiis. Sed voluptatem provident est praesentium magni fuga nisi. Distinctio minus rerum occaecati qui odio. Omnis laudantium adipisci sint veniam. Ea maxime praesentium laboriosam qui ut eos.

Et sunt ab similique aut maxime ut facere ipsum. Enim nulla blanditiis odit tempore. Rerum facere facere voluptas vel adipisci corporis.

 
Most Helpful

Aperiam eveniet unde praesentium. Qui minima rerum quia esse consectetur eos. Aut animi et aut dignissimos aut nostrum.

Consequuntur perferendis dolor eligendi alias qui voluptatem est fuga. Nihil ratione ipsa officiis dolor est deleniti fuga. Praesentium eos nisi ducimus molestias eum rerum. Vero deleniti tempora impedit est illum commodi.

Enim ex sit eos sed illum porro eum. Accusamus voluptas nemo vel. Possimus eaque itaque iusto modi. Ex voluptas sunt totam quia sed.

Quasi dignissimos eligendi unde aut quia. Quis sed sed eaque delectus molestiae ut. Assumenda placeat nostrum numquam nostrum ipsa et. Ut ea sit expedita natus dolor ut. Recusandae earum impedit consequatur occaecati consectetur quae ex expedita. Rem quis fuga provident deserunt dolorum.

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

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
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...”