According to the US Bureau of Labor Statistics, the job outlook for accounting careers, including tax accounting jobs is expected to grow at above-average rates between 2008 and 2018. With new government regulations, heavier responsibilities on corporate executives and accounting professionals in terms of the accuracy of financial data, and changing public opinions, demand for more accounting professionals makes sense. The increased pressure to ensure timely reporting and accurate financial statements, combined with public pressure to make sure corporations pay their fair share of taxes means that more businesses are relying on the help of accounting professionals like tax accountants.

In terms of competition for tax accounting jobs, the Bureau of Labor Statistics reports that conditions in this job market are favorable. Those with advanced degrees and certified public accountants are projected to have the best prospects for finding ideal employment opportunities. With an expected growth rate of over 22% between now and 2018, schools with accounting programs will see an increase in demand for well-trained professionals. With such an increase in demand, schools may actually find it difficult to keep up as more baby boomers retire and leave the workforce. As such, those currently studying in the field should have little, if any, trouble finding good jobs.

While the first ten years of the new millennium may well be remembered for the recession, the projected growth in new business after 2010 as the economy rebounds will mean more tax accounting jobs. New businesses will need to establish their accounting systems, prepare tax returns, and make business decisions to minimize their tax liability. As such, tax accountants and similar professionals will see new opportunities to expand their client rosters, hire additional accounting staff, or even make the leap to open their own private practice.

For those considering a degree program in the accounting field, the promise of more tax accounting jobs and other accounting positions may be just the catalyst needed to make a final decision. In an era where job security has eroded and economic downturns have virtually eliminated certain industries, choosing a career in a field that show promising growth trends for at least the next ten years becomes more imperative than ever before. While the accounting field has always been needed by individuals and businesses, that has not always meant job security for these professionals. Hearing such a glowing projection for the future, however, is sure to make many students more confident in their chosen degree plan.