Is audit better than tax? How does a tax accountant work? What is tax or audit? Tax Accountants of reddit , please explain why you chose one over the other?
I am looking for a full time job in public accounting and trying to decide whether I would enjoy audit or tax. A: Let’s focus first on tax…The biggest difference between tax and audit is that with tax you will be working in either public accounting or corporate accounting.
If you’re in the public accounting area, you’re going to review the financial statements and then assess the tax liability for the corporation. There are a LOT more audit positions than tax. In recent years, the audit industry has grown.
Tax vs audit is a popular question from many big candidates. In school you typically choose accounting as a major without choosing a designation of which field you will go into. This changes after a few years as you get closer to graduation and as you start interviewing for internships at the big 4. For some, the choice is easy.
They may instinctively have a sense for which discipline is the better fit with their personality and career goals. Or, their internships have given them enough information to guide.
In a public accounting firm you basically don't have a designated work space because you are always on the road. Interaction with clients, working in teams, I don't agree with Tax guy that an educated gorilla can do it, if that's true so is Tax. Audit : Its a lot of work.
You should be thinking about your accounting career path way before your senior year in college. To me, tax requires a lot of knowledge regarding law and a bit more quantitative skills than audit (this is my impression so far - as an undergraduate business student). This topic has replies, voices, and was last updated years, months ago by Mayo.
Tax accounting jobs tend to pay more than general accounting jobs. I also think anyone that stays in tax is guaranteed to make over 80k a year after several years, while the auditors will hit more road blocks on salary as the competition. There is a LOT more independance in tax than in audit ,which is why more accounting firms want folks who have already taken a number of tax courses before they get hired. Fifth, tax folks are in less demand then they were twenty years ago due to the proliferation of tax software that folks are using.
Today we will be covering the pros and cons of working in audit or tax accounting at the big accounting firms. Which is better tax or audit ? The price of tax preparation software ranges. This career option involves not just preparing tax returns, but you might also do tax planning and tax consulting services. The job requires reading a lot of regulations. Because it’s impossible to memorize the constantly changing tax codes, you must be a research type of person.
You have to be patient and eager to learn. Both tax and audit are within a big four. Both supply such services to companies.
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