I work in tax and feel like I've plateaued technically. Any advice on how to get more technical knowledge besides learning on an engagement?

likehelpful
Posting as :
works at
You are currently posting as works at

OP I would suggest find work on companies that are acquisitive. Passthrough M&A is very hot right now in middle market PE acquisition structures. There is always something new the attorneys are throwing at us. It’s different every time.

like

Read. Get alerts on every subject area you work in. A technical advanced person in tax doesn’t know everything, the difference is they know when they look into something further. Having alerts blasted at you - spend 30 seconds cursory reviewing the topic and make a mental note of it. Do this enough times and spend time reading the ones that are interesting. You’ll be an specialist in your area in no time.

smartlike

I like the BNA portfolios a lot.

like

Please explain. Is it the people? Clients that are not technically complicated? The tax code is extremely complicated. It’s impossible to plateau. In a lot of cases even WNT needs to research questions that I present to them.

I use CCH to research

like

Really EY1? Won’t learn much in pass through? How is that? Sub K is easily the most technically challenging area of domestic taxation. I’ve been at it 20 years and still learning.

like

Sign up for the Checkpoint and BNA daily or weekly newsletters in areas you are interested in.

Check the Articles in The Tax Advisor and read any about your area of interest.

Make sure you understand every question ( and the reason behind it) on a tax return - even if it is something that proformas from the prior year.

And although it’s not technical, ask your clients about what is going on in their business so you get more of a foundation about business instead of just tax

like

I feel the same OP.
I genuinely feel like I’m behind my peers that started at the same time. I have a big client and the work I do is very repetitive & some of it are more administrative. I want to catch up, but not sure how.

Related Posts

Looking to break into investment banking M&A as a lateral analyst. Been doing Valuations for almost a year (graduated spring 2018 from ug). I've practiced modeling and finance questions. Cont...

like

Hi Fishes,

I just received an offer from CTS -16.45LPA
16 - Fixed & 45k variable component with 1Lakh joining bonus. I'm having 5.8 YOE working as Senior ACon with current CTC - 11lpa
I have cleared 2nd round(managerial) with TCS direct project recruitment and waiting for salary negotiation. I'm confused whether to join TCS now itself (which might be too soon to settle down) or go for CTS for next 2 years. Please suggest me. My priorities are Steady growth, Work life balance, Job security.

like

McK associate equivalent at Accenture consulting?

like

Friend of mine is going to EYP following their MBA. They asked if they would be able to lateral over in 2 years to PE. Any tips on how they can best set themselves up to do so? (Previous experience was naval academy and 5 years served as an officer)

like

How many years of experience did you have before you went client-side?

like

Considering that the end of this year will probably signal the start of a recession, is this a bad time to jump into a new role in Pharma?

like

Hi Team,

I joined Mindtree on 8th Feb and not got project and I was waiting for last 2 and half month. So, i gave interview outside (tech mahindra) and got selected. Almost 30-35% they said they will give and i am negotiating on it.

My main concern was shift and i have some health issues and unable to continue in night shift in Mindtree and tech mahindra its purely EMEA shift and per project team update.

Shall i switch to tech Mahindra?

What is McK Associate Partner equivalent at FAANG? What level/band should I look for? I'm an early tenure Associate Partner. Prior to joining McK, I spent 10+ years in Banking (primarily in Operations Productivity, Technology and Tech/ Ops Risk)

likehelpful

Any book recommendations on change management?

like

I'm a first yr attorney at an insurance firm and am in the process of interviewing for an in-house position at a tech company. The position is pretty much generalist, but I get the impression I'd be working mostly on SaaS and partnership transactions. I definitely think I would like the transactional work better, but I am concerned about the long-term earning potential vs. partnership. How common is it to eventually make $400k+ in-house/how difficult is it to transition back to a firm? Thanks!

like

(1/2) Hi all, based in the UK 🇬🇧, would appreciate your advice on how I could break into product management.

Context: Graduated in 2019 (Finance), 2 years at EY as a business consultant on mix of pmo projects and tech projects where I was developer (data vis, power platform, sql, vba, data analysis etc.). Joined Google on a 6 month contract as a data analyst.

Should I be applying for product analyst roles? Should I apply for strategy consulting? Could I go straight for prod mgmt roles?

like

Has anyone considered shifting from consulting to teaching? Doing PhD from top IIMs and working as faculty?

like

What are some roles you have seen sales people successfully transition to (from tech/SaaS)?

like

I would be recently joining as a credit analyst in a global bank.

What are the exit opportunities for this profile?

Can someone switch to FP&A or IB from here?

like

Things are apparently going to get better after a client will be leaving, I’ll get to work on different brands but I am feeling pretty burnt out from the agency I’m at. Will new clients help? Or should I look elsewhere. Been at the agency almost 3 years, I feel like I need to switch things up for my sanity.

like

Hey FishBowl Friends, so I’m currently trying to break into tech sales/FinTech and I feel that due to my previous work history, I might not look like the ideal candidate on paper but I’m an extremely fast learner and very coachable. I’ve been a manger at a gym, got my degree in finance, worked as a client advisor at a top 3 auto dealer in the nation and now I’m a project manager at a solar company. I really want something that’s remote and steady, any recommendations on how to spruce myself up?

like

I've become really jaded about consulting. I find all so often you need to tell the client what they want to hear to keep their business and I feel like so much of the what I recommend doesn't actually get implemented. I'm looking to make a career switch so I can both create and execute on my strategies. A product management path seems very promising for this.

Does anyone who switched from consulting to product management have any recommendations of h helpful PM books, courses, or programs?

like

Thinking of leaving healthcare and trying FAANG. I have an MPH. Any tips?

like

Hi fishes, I want to move to management consulting. Current role is an internal data science consultant for driving OpEx.
Background: MS in Statistics from tier-1 Institute, 3 YoE across Bank of America and UBS, based in India.

Is it possible without a) going for an MBA b) Starting from the bottom at Undergrad analyst level.
Would ideally target pre-MBA Associate level (one step short of post MBA level).

Any leads/strategy to crack this would be greatly appreciated.

like

I work for a global, top tier tech/consulting company. Have been there 5 years. I have my MBA. I moved from client delivery into HR role last year. I just received a zero increase to my salary. I am a high performer. I was expecting 2-3% merit . Salary is 93k. Need an honest outside perspective of what to do. I feel as though my loyalty & high performance count for nothing. Insight welcomed.

like

More Posts

Hi Fishes,

What is the salary range for Associate level in Business Strategy Consulting profile for 3 YOE?

Thanks!

like

For product analytics alone which is better? Heap or Pendo? Has anyone had any experience using them?

like

Hello fishes,

I am having 1 year of experience in SAP basis.
I want to learn more and grow.
I want some teaching based on hands on experience on implementation, upgrades, patches, migration, conversion.

Could anyone let me know how I learn and practice all these things by my own??

like

Does anybody know which are the best in-house agencies to work for? Thanks!

like

Brought too much pears from Costco. Trying to pimp them out to my family.

funnylike

Anyone up for chat😔😔 Feeling low...

like

Larsen & Toubro Infotech Openings for PEGA CLSA at LTI
Larsen & Toubro Infotech
DM for referral

like
like

Hi fishes, need your help deciding offers from Nagarro, Jio, Boomi and Telstra What is better in terms of learning, wlb ?
Tech stack - java microservices 3.9 yoe

like

Bought a new espresso machine.. the portafilter is always “soupy”, is this how espresso works?

Post Photo
like

Which French Press should I buy for my apartment?

Guys, what's the average salary and position at Coforge for 3year Pega BA. In the final stages of negotiation, so any insight would be helpful Infosys Tata Consultancy CoforgeCognizant

New hire commandeered my office chair

Post Photo
likeuplifting

Hi Guys,

I got an email from talent500 to fill the details. After filling the details at walmart portal, I am getting "not relevant" button greyed out.

What does this mean? Pls help.

like

In Texas & my CPA CPE hrs are due this month. The corona virus has really impacted my work/plan to finish them and I’m worried I won’t get them done. Anyone know anything about possible extensions?

like

Need some urgent help can anyone DM me, Please

like

BCG🐠 how long is the cool off period for a fresh application if I didn't get to the interview stage?

like

Is it a bad idea to only get jobs through temp agencies? I just feel like they’re not keeping me bc I’m too expensive but telling me it’s my performance.

like
like

McKinsey & Company I received an offer from McKinsey & Company in 2021 and I’ll be starting later this year after graduation. Obviously because of the pandemic, inflation is slowly trending upwards. Has anyone asked for a base salary increase before even starting the job? Any advice on how to approach this?

like

Additional Posts in Tax Bowl

Hi Tax Fishes,

Anyone can refer me to Deloitte for A2 M&A Tax Role?

Many thanks in advance 👏🏻

like

On H1-B with approved I-140, currently looking out for State & Local Tax Senior/New Manager opportunity. Kindly share the leads, thank you.

like

Interested in Joining PWC.
Senior at mid range firm
Just passed the CPA Exams. Going through the last portion of the process, I.E waiting for everything to process and NASBA to send documents to the state board.
Live in Houston
Should I apply on the site or would an internal referral be better.

like

Is the market due for a correction anytime soon?

like

For the people at the Manager level, do you want to become partner? Has your opinions and views changed in the past couple of years?

like

So I want to marry a physician (girl) as they make good money so I get a good life plus decent retirement. Is it selfish to marry someone for money???

likesmart

Having thoughts about leaving Tax for a smaller Co that specializes in SALT credits and incentives... but could this limit me down the road experience wise if I decided to leave there? I have a diverse experience now, but I don’t want to be looked at as only SALT later.

like

Anyone in HNW 1040/trust/family office at Marcum? What’s culture like? Pros/cons?

like

Anyone here work in public accounting, industry, and IRS (or other government dept)? Which one did you like the most

like

If I received 2019 income in 2020, do I need to amend my return? I just received a K-1 for a few thousands that is for income earned in 2019. Not sure if I need to amend or if I can just put it in my

likehelpful

Compliance question here, I have always thought of the SALT deduction on the fed return as a perm item & have treated as such in such sch M-3. I see that some people put it as a temp on sch M-3. What is the justification for treating it as a temp on the M-3. You don’t set up a deferred on the def RF for the state tax deduct & it is also a rate impacting item (I know that some temps can be rate impacting). But this all leaves me to side with perm. Does anyone know the logic behind temp treatment?

like

Do you ever wish you could just go home at 6, play with your kids till they fall asleep, and then have a glass of wine with your wife before an early bedtime & sleep 8 hours?

likefunny

What kind of exit opportunities are there for tax senior? Looking into getting an MBA. Any thoughts?

Anyone work or has worked at MGO?

like

Do you play phone games during busy season?

Busy season never seems to end. Question, am I burned out or is this normal? I was very stressed during busy season until now. I sort of feel a calm sense of not caring anymore. We have extended our busy season until 5/15, but I really just don’t feel like I care...

like

Anyone else been told that for non-promotion years to expect an average of 5% raise and an average of 10% raise for promotion years? This is at a Top 25 Midwest accounting firm. Calculated my projected salary for the next 5 years and decided to find another firm. Much happier now 😊

likeuplifting

For a 2-year associate now tasked with senior-like roles such as reviewing and training, does anyone have advice on how to review individual hnw tax returns?

like

Through a lot of comp discussions I heard a lot of talk of “making you whole” when things get better. Am I drinking the kool-aid by believing this? Is this just meant to prevent further questions that the firm does not know the answer to?

like

How long does it take for PwC to send out rejection email? I interviewed with the team like a month ago, the recruiter called me the next day and told me that congrats, everyone likes me and told that they were working on my official offer. 3 weeks later, nothing. I followed up 3 times already and got the answer that I should expect to hear by the end of the week. My last follow up email, no response lol. Should I just move on now?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal