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I joined BA a year back, my office location is Chennai however from the joining date I'm working from Gurgaon and now my manager wants me to return to office location in Chennai. if employee is not ready to relocate as per offer letter would he be asked to resign or management is allowing them to work as exception Bank of America
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Anyone gone from PA to CBRE ? Do you like it ?
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I assume private tax means in-house.
It differs based on the size and complexity of the company. For example, alphabet (google) has a bazillion subsidiaries. They essentially have an internal tax firm to handle their companies. I'd imagine their responsibilities are similar to public accounting with more emphasis on internal operations than client service. I often hear in-house tax people at larger companies claiming they work more hours than public accounting.
I work in a start-up. Since our company is smaller (relatively), our business operations and structure are not as complex. The tax team is made up of me for direct taxes and another for indirect taxes. As such, we do not have specific specialized tax people like international tax, transfer pricing, M&A, etc. Therefore the responsibilities are much different. I am essentially full-time consulting. I have to be a general expert in everything so I can work with external advisors and relay the proper message and recommendation to upper management. It can be a little scary sometimes. Imagine having no prior experience and having to propose a project nobody is familiar with that will cost the company half a million during budget mode to mitigate risks no one understands that can one day cost the company millions of dollars. And if you're unable to convince upper management to spend hundreds of thousands of dollars that they are actively avoiding, you will definitely get fired when the multi-million dollar tax penalty bill hits the table.
Bad day at work?
no i’m just asking for a friend lol
Time to leave public accounting . Life is great on the other side.
I don’t know if you mean private tax as in private clients… but if so there is plenty of yelling about billing. In fact there are more clients to bill because they tend to be smaller than the public ones. But they care very much about the fees because it’s their company, their baby. The files may not be considered as prestigious or high priority as the big name public ones so good luck getting good resources. And margins are tight so plenty of people are curious about the status of the work (as in this should only take you 2 hours, why aren’t you finished yet!)
If you mean industry… well there’s plenty of discussions with the service providers on fees and bills and internally about budget. You need to justify why you exist and the amount you get paid as a cost centre for the company. You also have to work with finance, treasury, legal, the business units, etc. and sometimes you’re looped in last minute on big projects because tax isn’t always the first team people think of. You’re lucky to be looped in at all some days. Oh and everything tax related gets sent to you even if it’s someone’s pension question because there’s a tax component involved. Payroll, commodity, indirect… you’ll be wearing a lot of hats.
I wouldn't necessarily say it doesn't get better. It depends on what kind of responsibilities you like. I absolutely love my transition to in-house. My work-life balance is amazing. No one bosses me around because I'm the sole expert. I get to do consulting work all day instead of route preparation work, which I prefer. The responsibilities and pressures are (should be) higher but I prefer those working conditions as it gives me a higher sense of value, but it's not for everyone.
So it really depends on yourself. The grass isn't always greener on the other side. That's how PA partners still exist.
What’s private tax
industry tax