Today, tax professionals are key stakeholders within the business world, and opportunities are present across all sectors, from complex compliance to market-leading advisory work.
Whether you decide to stay in practice or move into industry, tax calls for powerful analytical skills and an ability to think laterally. You also need to be proactive, anticipatory and have a problem-solving mindset.
Within professional services, the appeal of a tax career path largely rests upon the industries in which your clients operate, and the type of tax for which they seek support.
However, a wide variety of tax roles exist, so whether you’re a technical specialist who enjoys delving into granular details, or an aspiring rainmaker who relishes the thrill of client acquisition and revenue generation, there is a tax role for you in professional services.
The many benefits of working in tax in professional services include:
- Exposure to high-net-worth individuals with interesting and demanding tax challenges
- Access to a variety of complex, challenging assignments across a broad range of industry sectors
- Many opportunities to fine-tune your advisory and consultative skills and deepen your commercial insight
- Maintain your technical ability.
In industry, in-house tax professionals who make their mark in mainstream tax compliance or reporting can ultimately look forward to challenging, stimulating work at the heart of corporate tax strategy.
As you will be working closely with heads of taxation or finance directors, you will need to be confident, commercially aware and able to gain the trust of those leading figures in order to be successful in an in-house tax role.
You will have the opportunity to:
- Liaise with senior finance managers and business leaders
- See how activity aimed at tax-efficient reporting, investment and capital expenditure applies in a commercial environment, and against the context of wider corporate objectives
- Partner with businesses, but without the pressure to generate fees or account for time
- See the impact of your work within the overall financial performance of a business.
Increasingly, in-house roles also offer international remits, with opportunities to learn about managing tax in different jurisdictions. As many Big 4 tax teams are keen to meet finance professionals who have moved from practice into commerce, experience in specific sectors (especially financial services) can be a real asset should you return to client-facing responsibilities.
To talk to a consultant about your career in taxation, please get in touch with your local recruitment expert.