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I’m not sure how this will impact this bowl, but it is worth pointing out the need to assess whether there should be concern for those in this bowl. While we all understand ADHD is something attorneys are completely capable of managing with legal positions, not everyone in the field agrees with that. https://joinfishbowl.com/post_va66ztgmkw
Anyone know of a good tutor for CFP exam? Thx.
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Even Spiderman can't deny his grandma! 😂
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I am WAY TOO nice to be in public accounting….
Happy Pride, all y’all 🌈🐠🐟🌈 out here!
Anyone want to sell me their CFE books ?
What are partner retirement packages like??
Wiley or Gleim which one is better?
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Tax has no exit ops. With audit you can pivot into advisory, industry accounting/reporting, FP&A...
Tax would be my last choice (well, 2nd to last right before internal audit).
Albeit not a big4, I’m in private client services at a top 15 firm and handle both assurance and tax work for my clients. IMO, audit and other assurance work is better than tax. Tax has deadlines practically every month, notices from different taxing authorities, clients get upset if you don’t bring every planning opportunity to their attention, etc.
I know someone who made the switch from audit to tax after a few years and they felt like it was quite a bit of a learning curve, especially at first. The work is more focused on the details, and they felt it was a better fit for their interests but it took some time to adjust. I"m not sure that they could exit tax so easily though, like FM1 said so it's a gamble I guess.
You won’t know if you’ll like tax unless you try it out. Talking with always can help, but you won’t know until you do it. So give it a go. Worst case scenario, you go back to audit as a manager or do something else entirely. Better to live without regret than with it IMO.
After 2 years in audit and obtaining CPA, was able to get a Masters in Tax at UT Austin in a year and a summer because I was undergrad acct there. A top ranked program like that is worth it. As a Masters in Tax from a top program and with prior audit experience so you understand how to look at a general ledger and have accounting experience you will be highly recruited.
I bet a small tax firm or large regional firm would accept you as a tax senior. It would be a large learning curve and cut to your pay but might be worth trying.
It’s always good to evaluate your current situation. In my experience, if you plan to make public accounting your long term career, tax is the place to be. Clients love tax guys and hate the auditors. If you plan on eventually transitioning into private industry, you may want to consider staying on the audit side as your opportunities in private will be greater coming from an audit background. Best of luck either way!
Have you been involved in the tax provision review on the audit side? Do you have mentors you could talk to? You could approach it as a rotation to see if you would really like tax. I made a big move as a manager to a different technical specialty and while it delayed my career progression, it was worth it.