Do you have any advise on commiting to specialising in Tax? Should I keep my options open?
Additional information
I am a Professional Diploma in Accounting Level 4 AAT student, having previously completed Level 2 and 3 AAT. In August I will have completed my Level 4 and am wanting to progress to EY to gain my further qualifications alongside paid work. I am 24 and have a 5 year old son, thus finding work alongside study support and paying bills etc is proving extremely hard. I am currently starting the application process, however am unsure of which area to specialise in (Assurance, Transactions or Tax)- I feel I am most suited to Tax, as this is an area of strength for me, but am aware that this narrows my future career path and am slightly unsure as to whether to commit, or whether to keep my options open. Any advise would be greatly appreciated!
Anonymous asked a question to main-eng-v2
Category: Career Advice
Date asked: Wednesday, December 5, 2018
Last reviewed: Thursday, March 28, 2019
Èmhùqhwôe K.
Assistant Tax Advisor
Hi,
Woah sounds like you certainly know how to keep busy. On the first note, though I have no children of my own, I do know others who have joined the graduate scheme and had great support from EY.
On whether to pick Tax and narrowing your options I don't necessarily think is true. Tax generally cover so many different areas and there are so many different types of tax that you can pretty much move forward into anything. Also, if after your 3 years graduate scheme you really don't want to do tax anymore it provides a great grounding for almost any other aspect of business, as Tax affects them all.
If it helps when I applied for EY, I initially applied for Advisory, but due to places being filled I somehow managed to land in FS Tax almost by mistake. I can honestly say that this was the best thing that could have happened and feel like it has widened my opportunities.
In the end if you like Tax you should go for it, with EY you are given time off work to study and for exams as part of your normal working week so hopefully that wouldn't hinder you.
Wednesday, December 12, 2018
Codniükuh G.
Hi Andrew, so do you reckon that it is possible to move into other projects like transactions due-diligence (which I am interested in) after completing the tax graduate programme?
Thursday, January 31, 2019
Èmhùqhwôe K.
Assistant Tax Advisor
Hi Vishnu, apologies for the delayed response. Yes this is certainly possible, in fact a recently qualified member of my team has just transferred to the transactions team to do exactly this. Whether you can switch or focus is often driven by you focuses during your graduate program but often you will have some input into this.
Almost all transaction due diligence will require a tax perspective as well so can provide a good grounding for this type of work.
Thursday, March 28, 2019
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