Fears of a recession are reasonably causing people to take a second look at their job security. Seeing as many lawyers are working in specialty tax within PA how many of you are worried about a potential slowdown/layoffs within specialty tax? If not why do you feel you won’t be as affected? Deloitte EY PwC KPMG BDO Grant Thornton RSM Baker Tilly Crowe Andersen CliftonLarsonAllen
Personally, considering the pace of tax law/reg changes, plus possible tax reform and BEPS pillar 1 and 2 on the horizon, I have 0 concern about layoffs
I feel like international tax is ironclad recession-proof post TCJA and now with P2 changes incoming. Deloitte showed about 60% growth last quarter as well. Should fair well in recession.
We don’t have enough itax here. They don’t respond to emails
You work in Tax you'll always have a job. I'm in M&A so it'll either be good times with Clients buying or bad times with clients restructuring. Either way they'll want to be as tax efficient as possible.
R&D likely will contract. No reason for taxpayers to put adviser spend out on credits while in losses.
Can just do it later when there’s a more immediate impact.
Depends on the company. Many profitable companies will value tax savings ever more than before!
I work in R&D; definitely work will reduce; I guess I’ll be the first one to be laid off because of pay
Bowl Leader
Currently only an intern working in SALT and finishing law school in 2024. So more concerned generally that this will affect job prospects for me going forward.