Have any of you tried out m&A tax and liked it and did not come back to tax compliance. I have been presented an opportunity at my current company to try out rotation with m&a tax. I sign complex tax returns now and have tax team members to delegate work to and don’t really need the change. So far I have liked working alongside the m&a group. How is work life balance in m&a tax? Does it pay more that compliance? How is working environment in this group.

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I’ve done both tax M&A and compliance before. Each has its pros and cons. I ended up going back to compliance after a long stint in M&A, but only after I had a family.

Pros of compliance is that you know when you’ll be busy and can plan PTO accordingly (this was the biggest deal for me). Cons of compliance is that you’ll work more hours during peak busy season and it’s the same work year over year (can be a pro if you have the process locked down).

Pros of M&A is more pay and more interesting work. Cons are that your schedule will be significantly more unknown. Projects and deals often come up last minute making you cancel plans and PTO. This is especially annoying if you have a family and kids. Deals come first, and regardless of your level, nobody really cares if you have to attend your kids events. Most people had stay at home spouses because the high pay covered their salary, but me and my spouse both work so it was increasingly difficult to manage the schedule with kids.

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Anyone mind sharing what the pay progression is for M&A tax nowadays

I’d say do it. One of the best areas in tax.

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In general, I’d say M&A and International experience can lead to the best outside opportunities and the highest tax pay at a firm. Credits are a little too niche to leverage for an industry role, but M&A and ITS are well leveraged. Federal/Salt compliance is a loss leader in public but can help in industry, as long as you have large clients. I learned more about corporate compliance in industry than I ever did in public. CorpTax has a steep learning curve but was very robust.

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Go for it

So lucky you getting the opportunity

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Do it! It pays more than compliance, and it’s not even close. Plus have both experiences opens a lot more doors/opportunities if you decide to go in-house

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