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    Hi. I'm considering an apprenticeship at Deloitte for either Tax or Audit and Risk. I was wondering, what do these involve day to day, and which has the better pay prospects?
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    Go for tax, this experience gives you the opportunity to open up your own firm one day specialising in tax.
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    (Original post by qwert92)
    Go for tax, this experience gives you the opportunity to open up your own firm one day specialising in tax.
    Is this intended to be genuine advise :facepalm:
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    (Original post by M1011)
    Is this intended to be genuine advise :facepalm:
    Yes! based on people i know that have decided to choose tax over audit. unless you want to step in and shower us with your wisdom?
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    (Original post by qwert92)
    Yes! based on people i know that have decided to choose tax over audit. unless you want to step in and shower us with your wisdom?
    The only catch with tax is it pigeon holes you in tax early on limiting the exit opps - making the lateral move from audit to tax isn't too hard later on
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    (Original post by qwert92)
    Yes! based on people i know that have decided to choose tax over audit. unless you want to step in and shower us with your wisdom?
    It's just such bizarre advise. What an incredibly specific thing to presume the OP might want to do?

    It's not that tax might not be the right choice, it's just the way you recommended it for such a strange reason.
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    (Original post by M1011)
    It's just such bizarre advise. What an incredibly specific thing to presume the OP might want to do?

    It's not that tax might not be the right choice, it's just the way you recommended it for such a strange reason.
    The market for small tax specialist firms is already flooded anyway as well - tax assist accountants basically dominate that niche

    I'm in audit btw
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    (Original post by M1011)
    It's just such bizarre advise. What an incredibly specific thing to presume the OP might want to do?

    It's not that tax might not be the right choice, it's just the way you recommended it for such a strange reason.
    i understand why you think that, i must admit i did not explain my reasoning. the reason i believe that tax would be a better option is that i know a lot of people who ask around looking for people and start-up businesses to help them with their tax returns. and a lot of them are looking for tax specialist to help them save money.

    yes in the big 4, audit is a big sector but not everyone can make partner especially if you are looking to make significant money in the future, i believe going private and opening a firm specialising in tax will get you that (depending on how good you are).
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    (Original post by natninja)
    The only catch with tax is it pigeon holes you in tax early on limiting the exit opps - making the lateral move from audit to tax isn't too hard later on
    yes moving from out of tax is more difficult, to be fair there are opportunities in different industries such as the constructions and quantity surveying industry where they look for tax specialist in property plant and equipment.

    just depends on where you would like to go with tax. the same can be done for audit. each field has its limits and opportunities, just depends on the person.
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    (Original post by qwert92)
    i understand why you think that, i must admit i did not explain my reasoning. the reason i believe that tax would be a better option is that i know a lot of people who ask around looking for people and start-up businesses to help them with their tax returns. and a lot of them are looking for tax specialist to help them save money.

    yes in the big 4, audit is a big sector but not everyone can make partner especially if you are looking to make significant money in the future, i believe going private and opening a firm specialising in tax will get you that (depending on how good you are).
    I think you may be under the illusion that auditors tend to continue to audit
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    (Original post by qwert92)
    i understand why you think that, i must admit i did not explain my reasoning. the reason i believe that tax would be a better option is that i know a lot of people who ask around looking for people and start-up businesses to help them with their tax returns. and a lot of them are looking for tax specialist to help them save money.

    yes in the big 4, audit is a big sector but not everyone can make partner especially if you are looking to make significant money in the future, i believe going private and opening a firm specialising in tax will get you that (depending on how good you are).
    For businesses on that scale a competent auditor will do just as good a job as most tax professionals as tax at the big 4 tends to deal with far bigger and more complex stuff. I have good friends in tax at my firm and the guys in corporate tax have no idea how to fill out tax returns because they don't deal with the basic administrative side of things. Yes there are groups that do this but the work is utterly soul destroying
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    (Original post by natninja)
    For businesses on that scale a competent auditor will do just as good a job as most tax professionals as tax at the big 4 tends to deal with far bigger and more complex stuff. I have good friends in tax at my firm and the guys in corporate tax have no idea how to fill out tax returns because they don't deal with the basic administrative side of things. Yes there are groups that do this but the work is utterly soul destroying
    As someone who does tax returns as part of his role, it really isn't soul destroying. Actually completing the return itself is just the cherry on an often large cake of underlying advice, calculations etc which are interesting and for which you do absolutely need specialist tax knowledge.

    Yes some people in Big 4 tax will never touch tax returns but probably more than you think actually do.
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    (Original post by Hedgeman49)
    As someone who does tax returns as part of his role, it really isn't soul destroying. Actually completing the return itself is just the cherry on an often large cake of underlying advice, calculations etc which are interesting and for which you do absolutely need specialist tax knowledge.

    Yes some people in Big 4 tax will never touch tax returns but probably more than you think actually do.
    HNWI tax?
 
 
 
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