What is it like being in corporate tax? Currently a financial accountant and tired of the typical month-end close duties, doing the same recons and JEs over and over. I’d like to try something new. Is corporate tax similar to accounting where you have busy periods every month? What is the day to day like? Do you get to work independently or do you interact/rely on others a lot?

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I have a similar background. I started in corporate accounting and transitioned to corporate income tax due to the repetitive nature of month-end close (JEs and GL activity review). I find tax and tax law more interesting and learned a lot more excel after transitioning. You still have to be aware of GAAP and understand how to move from it to Tax for compliance purposes. You'll be better positioned for long term growth be learning ASC 740 tax provision and honing your writing and communication skills. Deadlines vary depending on the entity type (parternship vs. corporation), but typically 3/15, 4/15, 9/15, and 10/15. You also have estimated tax reporting/payments. I work in industry, so we coordinate with service providers for the majority of our filings after preparing the workpapers in-house.

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Depends on what you do within tax. Do you want to stay in industry or go to public? Generally tax will have longer busy seasons 2-3 months at a time.

Thank you! I did a year of audit at a Big4 and don’t want to go back to public. Definitely industry lol

I mean you need to learn your ASC 740 and then the question is are you doing the compliance work or just preparing the paper work for external group to do. It really depends what you enjoy.

My friend at Ryder does have the same tasks yearly in Corporate Tax. She does have several months where she works over 55 hours a week. I think is around 3 months.

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