Accounting

So I’m torn between an offer between KPMG Tax and BDO Audit. thoughts?

likesmart
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Which team did you enjoy more during your interview? After 10+ years in this industry and having experienced different teams and different practices, the one thing I’ve found is 95% of whether you’re happy at work is who you work with.

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This! Honestly the work isn’t THAT different but the people make all the difference.

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Regarding the travel aspect: I never understood why auditors market that as a selling point. On average, (yeah there’s exceptions) you’re not getting flown to LA and NYC and cool cities every week. You’re most likely getting asked to drive or commute a few hours out to audit some middle of nowhere company. The reason I chose tax is precisely because of the lack of travel: I like waking up each day and choosing to either wfh, or go straight to the office. I also enjoy being HOME every night, with my family. I’m never getting pulled around to go into client sites - which, by the way, typically hate auditors and shove you into the grossest room they have in their building. So no, “travel” should never be a selling point for audit. Plenty of other great points for audit, though.

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It really depends on one's individual situation. Here are my experiences with traveling over the past four years: - Never a 24/7 working hell - Able to stay the weekend and explore the city if it's appealing. Small out of pocket costs, but they often net with per diem profits. - Good for building airline and hotel points. I have enough to do modest things, but not so many that I can't use them all - When driving, the firm's mileage reimbursements are a slight profit to me, so they're paying me $12-15 an hour to drive 70 mph on cruise control - Two types of destinations: (1) middle of nowhere, good for staying in and banking $200 per week of per diem profit, (2) okay mid-sized city, pleasant for traveling in and still able to bank $50-100 per week So, in my case I've gotten really fortunate with good jobs, good destinations, and I enjoy the extra cash and rewards profits that come from travel. At the same time, if I did any more than my current level (20-25%) I would probably start to hate it very quickly. It's a lot of stress and really messes with your routines at home.

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likesmart
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I’d do KPMG tax, but I’m biased, in tax myself. KPMG is Big4 at least, better exit opps I’d think.

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I can’t believe we are taking about office space and cubicles. Do you like tax or audit? Pick the one you enjoy the most.

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likefunny
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audit audit audit... I started in tax and switched to audit. audit gives you plenty of exist opportunities while tax is just tax forever and no offense but tax is so BORING

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Whatever you do, do NOT go into tax. It is the biggest pain trying to transfer out of tax internslly or externally. you are better off committing your young energy to audit and then transitioning out if you want to explore

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The former CEO of Lowe’s stores was a tax guy

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if I could do it all over again, audit all the way. skills are much more transferable and although you will probably get bored with it/sick of the work lifestyle after 2 years, what you learn will set the foundation and carry you to find your real interests. seriously I was in a tax group that touched domestic, international, consulting for transactions/structuring but it all means jack outside of tax

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BDO. too much bad news related to KPMG in news. My work is a client of KPMG and has put a request out for bids

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For tax or audit?

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If you like talking to people and not being in the same place everyday then Audit. If you prefer a cube then I’d say Tax

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I work in tax and I spend lots of time at other people's cubes (If I choose to). My engagements are very team oriented, and if needed, teams do sit together and work. But I also have the flexibility to go back to my cube and work independently when I know I what I need to do. The misconception that we're not social is completely wrong. Everytime I get up to get water or go to the bathroom I can stop and chat with someone. You can go to lunch whenever and wherever you want and you can go with different people everyday. We are so social that I actually have to be cognizant of it so I don't blow my billable hours for the day lol. I also have some succulents that are super cute and fun, we have a lot of perks having our own cubes.

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If you actually enjoy accounting then I would say go into tax. If not then audit is a better route since it could potentially open up other doors, harder to do from tax but not impossible.

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Tax and audit are different. If you want audit, why did you interview for tax (or vice versa)

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Checked the wrong box possibly... oops

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