If you are contemplating a tax accounting career, there is valuable information available based on US Census information and data collected by the US Bureau of Labor Statistics. These agencies use the data they collect to determine national trends and occupational outlooks. The information contained in these reports and handbooks helps prospective college students determine favorable careers and degree plans that will be advantageous in the next ten years or more. If you want to know whether there will be more or less jobs available in your chosen field by the time you graduate, these are the sources where you can find this information out.

For example, the US Bureau of Labor Statistics has projected up to a 22% growth rate for various accounting professionals. In terms of a tax accounting career, that is wonderful news. That is a far faster than average rate of growth for a job market. The trend is expected to continue on into 2018, thanks in part to increased government regulations, public push to hold organizations accountable for stakeholder investments, and retiring baby boomers. The result is more jobs for tax accountants and other accounting professionals and a favorable overall job market, especially for those with higher degrees.

If your current tax accounting career has stagnated, it may be time to go back to school for the next degree level. This allows you the opportunity to capitalize on the growth of the accounting job market. As such, you can leverage past experience and an improved educational background to land yourself in the midst of the competition for the best accounting jobs available. Rather than simply trudging along in your current job, by 2018 you could find yourself holding a coveted job at a prestigious accounting firm, large corporation, or federal government agency.

For new entries into tax accounting career fields, you could not have picked a better time to enter this job market. Few career fields have such glowing projections for the future. In fact, just a few years ago people predicted that accounting jobs would diminish as more businesses moved to computerized accounting systems. That was before government regulations like Sarbanes-Oxley and similar acts were passed to hold executives accountable for their financial decisions and record keeping. Choosing a tax accounting career or other position in the accounting field now appears to be a lucrative choice with growing opportunities as more professionals open their own small businesses, corporations rely more heavily on accounting professionals, and old accountants retire.