Tax Accountant Prepare for tax payments. Develop a strategy for tax data collection. Complete tax reporting on time. Prepare the necessary financial information for management. Update and manage the company’s tax database. Identify the process errors that caused incorrect tax filings. Complete the required paperwork for tax payments as well as the returns Suggest tax strategies by researching federal, state, and local taxation issues. Determine tax savings. Coordinate with internal and external auditors. Forecast future tax requirements to the Senior Tax Manager and take the required measures. Negotiate with tax authorities. Inspect and identify various areas where businesses can reduce tax, make claims and increase profit. Stay up to date with the latest information by participating in educational opportunities, reading professional publications and maintaining personal networks.