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Tax Preparers in Puerto Rico

Tax Preparers in Puerto Rico

Want to work as a Tax Preparers in Puerto Rico? Here’s what the data says. Prepare tax returns for individuals or small businesses. Excludes “Accountants and Auditors” (13-2011).

What do Tax Preparers Make in Puerto Rico?

The tax preparers working in Puerto Rico, the median annual wage is $49,500 per year (or roughly $23.80/hour).Annual wages span from $30,570 at the 10th percentile to $98,350 at the 90th percentile.

Wage Statistic Annual Hourly
10th percentile $30,570 $14.70
25th percentile $36,210 $17.41
Median (50th) $49,500 $23.80
75th percentile $64,010 $30.77
90th percentile $98,350 $47.28
Salary ranges for Tax Preparers in Puerto Rico

Location quotient — how concentrated this career is in Puerto Rico nationwide is 0.84, indicating fewer tax preparers per worker than the national average.

National Wage Comparison

Nationally, tax preparers earn a median of $67,542 per year ($32.47/hour), lower than the Puerto Rico median.

Tax Preparers earnings in Puerto Rico vs. the national average

Employment Outlook

National employment for 188,739 tax preparers across the United States. In Puerto Rico alone, about 380 people work in this role. That’s below the typical state, which employs around 870 tax preparers.

Tax Preparers in Puerto Rico vs. the average state Forecasted number of jobs for Tax Preparers

Top Puerto Rico Metros for Tax Preparers

The largest metro-area employers of tax preparers in Puerto Rico.

Metro Area Number Employed Annual Median Salary
San Juan-Bayamon-Caguas, PR 320 $49,500

Top States for Tax Preparers Employment

These states have the highest employment of tax preparers work.

State Number Employed
California 10,700
New York 6,880
Texas 5,930
Florida 3,490
North Carolina 2,550
Pennsylvania 2,480
Arizona 2,480
New Jersey 2,460
Colorado 2,420
Virginia 2,200
Michigan 2,010
Georgia 1,940
Massachusetts 1,800
Oklahoma 1,690
Indiana 1,660
South Carolina 1,490
Oregon 1,480
Utah 1,470
Washington 1,350
Minnesota 1,330

Highest-Paying States for Tax Preparers

Where tax preparers earn the most: tax preparers.

State Annual Median Salary
Alaska $77,010
New York $73,230
California $73,210
Montana $71,370
Minnesota $65,530
Colorado $62,860
Texas $61,510
Wyoming $60,340
Virginia $59,220
North Dakota $59,130

Skills

Top tax preparers skills, rated on an importance scale of 0 to 5:

Reading Comprehension  4.0 / 5
0
5
Active Listening  3.9 / 5
0
5
Critical Thinking  3.5 / 5
0
5
Active Learning  3.1 / 5
0
5
Speaking  3.1 / 5
0
5
Time Management  3.1 / 5
0
5

Knowledge Areas

Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Economics and Accounting  3.9 / 5
0
5
English Language  3.8 / 5
0
5
Customer and Personal Service  3.7 / 5
0
5
Mathematics  3.6 / 5
0
5
Law and Government  3.6 / 5
0
5
Computers and Electronics  3.5 / 5
0
5

Abilities

The abilities that matter most for tax preparers, rated on an importance scale of 0 to 5:

Oral Comprehension  4.0 / 5
0
5
Written Comprehension  3.9 / 5
0
5
Near Vision  3.9 / 5
0
5
Oral Expression  3.9 / 5
0
5
Deductive Reasoning  3.8 / 5
0
5
Information Ordering  3.2 / 5
0
5

Daily Tasks

Day-to-day, tax preparers typically:

  • Compute taxes owed or overpaid, using adding machines or personal computers, and complete entries on forms, following tax form instructions and tax tables.
  • Use all appropriate adjustments, deductions, and credits to keep clients' taxes to a minimum.
  • Furnish taxpayers with sufficient information and advice to ensure correct tax form completion.
  • Interview clients to obtain additional information on taxable income and deductible expenses and allowances.
  • Prepare or assist in preparing simple to complex tax returns for individuals or small businesses.
  • Review financial records, such as income statements and documentation of expenditures to determine forms needed to prepare tax returns.
  • Check data input or verify totals on forms prepared by others to detect errors in arithmetic, data entry, or procedures.
  • Explain federal and state tax laws to individuals and companies.
  • Answer questions and provide future tax planning to clients.
  • Consult tax law handbooks or bulletins to determine procedures for preparation of atypical returns.
  • Calculate form preparation fees according to return complexity and processing time required.
  • Schedule appointments with clients.

Work Activities

  • Working with Computers
  • Getting Information
  • Updating and Using Relevant Knowledge
  • Processing Information
  • Documenting/Recording Information
  • Evaluating Information to Determine Compliance with Standards
  • Analyzing Data or Information
  • Making Decisions and Solving Problems
  • Organizing, Planning, and Prioritizing Work
  • Interpreting the Meaning of Information for Others
  • Establishing and Maintaining Interpersonal Relationships
  • Identifying Objects, Actions, and Events

Tools & Technology

Common tools and software used in this occupation include: Hot technologies: Intuit QuickBooks In-demand technologies: Intuit TurboTax

What Major Will Prepare You For This Career?

Several college majors map to this occupation:

  • Accounting
  • Taxation

Careers similar to tax preparers include:

Also Known As

CPA (Certified Public Accountant), Corporate Tax Preparer, Credentialed Tax Expert, Credentialed Tax Professional, Enrolled Agent, Income Tax Advisor, Income Tax Consultant, Income Tax Expert, Income Tax Preparer, Licensed Tax Consultant, Preseason Tax Professional, State and Local Tax Associate (SALT Associate), Tax Accountant, Tax Advisor, Tax Associate.

References

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