Everything You Need To Know About Tax Jobs
Whether you’re considering a career as a tax expert, looking for a new tax job, or about to take the next step in your taxation career — it pays to know what your options are.
Tax Job Titles And Duties
If you’re writing a new CV or registering your interest with an accountancy recruitment agency, it makes sense to understand the many taxation job titles and what you can expect.
The majority of tax specialists are within accountancy firms and large organisations, as smaller organisations (in-house accountancy) often include tax as part of a broader role.
If you have no tax experience or up to one year, then you’ll be looking for job titles like tax staff, tax trainee, and tax junior.
Once you get to three plus years’ of experience, tax job titles can vary, but they often split into three key areas based on seniority:
The seniority and salary index of tax jobs increases with the ability to operate at helicopter view — you’ll develop a deeper understanding of corporate and global-level objectives and feel confident making recommendations to senior stakeholders.
No matter what type of tax job you’re looking for, you’ll need to have a high attention to detail while also being a people person.
You also have to build up demonstrable experience of taxation compliance, tax advisory, software, accounting, and returns.
You can view the full job descriptions by clicking on the job titles above, but here’s a quick overview of the duties of each role:
Tax Senior (3 to 6 years’ experience)
A ‘Senior’ within the tax job space is concerned with risk identification, tax planning, reviewing and the ability to suggest improvements. You might also have a small team of juniors and report into a tax manager or tax partner.
Tax Manager (6 years’ experience)
A ‘Manager’ in taxation is a pretty much 360-degree role from approving tax returns to tax planning and consultation. You’ll need to do everything from high-level client management and relationship building to getting stuck into risk, processes, and audits.
‘Partner’ status is a coveted tax job title, as its financial rewards are significant, and it usually requires investment in an accountancy firm. You will have a corporate and even global level view of the tax risks, planning, and compliance for a firm and its clients.
Tax Jobs Salary Guide
The salaries for tax professionals varies based on the size of the organisation, what’s expected of you, the amount of people you will manage, and the location of the role:
Tax Trainee (£20,000 upwards).
Tax Manager (£45,000 upwards).
Tax Senior (£35,000 upwards).
Tax Partner (£100,000 upwards).
In-house Tax Job Versus An Accountancy Firm Tax Job
When it comes to tax, your job and career path will be different depending on your route, whether you choose to work in-house for a large organisation or with an accountancy firm.
In-house tax jobs tend to be within larger organisations, as smaller organisations include tax within an accountancy role. You’ll only manage tax for one organisation or its brands when you work in-house, which will give you a deep understanding of the compliance required and the ability to propose improvements with confidence. In terms of your career, there might be fewer positions available for promotion in comparison to accountancy firms.
Developing your career as a tax specialist within an accountancy firm is much more prescribed, in that an accountancy firm will be well versed in the value of experience and qualifications as you progress. You’ll be working as a tax specialist for multiple clients within a firm, which demands the ability to dip in and out of various client’s accounts without losing that all-important attention to detail.
Tax Job Career Paths And Qualifications
The good news is that unlike many other career paths, your taxation journey is linear. You will begin as a junior or trainee and then progress through to semi-senior, managerial, and potentially director or partner.
Qualifications such as CTA/ACA/ACCA/ATT and UK GAAP and International Auditing Standard are often required to access higher positions and salary increases.
Tax Job Work Culture And Balance
It’s fair to say that the work culture and balance within the tax space varies wildly.
If you work as a tax specialist within a large organisation, you’ll find that your culture will follow that of the brand — they might have an employee value proposition and strive to invest in employees. The hours, salary, and benefits are likely to be graded or on a scale with other team members.
Compare this to a firm, and you’ll find that you may be working longer hours on occasion, as you have multiple clients to look after. Accountancy firms can be a team of five to 200, so culture and benefits will vary. Unlike other businesses, it’s taken firms time to feel confident in cloud software and remote working, which is perhaps due to nervousness around client data security. Thankfully, advances in technology and encryption are giving firms this confidence and therefore, their workforce more flexibility.
Tax Job Search
Although it’s good to register your CV and interest with job search companies, it’s more beneficial to work with an accountancy recruitment agency.
Why? You can build a relationship with the agency so that they can understand more about you than your CV.
As specialists in their area, they’ll be able to fit you not only to a vacancy but to the type of business you’d like to work with — from culture to benefits. An accountancy firm recruitment agency has a deep understanding of their clients, so they’ll be able to answer questions, which you might not feel comfortable asking directly.
You can make sure your next move is right for you.
Employing A Tax Specialist
If you’re looking for a taxation specialist, and you would like the whole process to be as quick and successful as possible, it’s worth considering an accountancy recruitment specialist.
At the time of writing, applicants for each vacancy can be in excess of 200 (some have over 1000), which is far too many for someone with a full-time job to process.
Using the services of an accountancy recruitment specialist will ensure that you only receive CVs or final interviews with the most suitable candidates for the vacancy, so your time is used sparingly for the right people.
Tax Job CV 101 And Interview Tips
Unlike a CV for other jobs, you’ll find that a tax job CV needs to be a little different, giving priority to qualifications and quantifiable achievements.
You can find helpful resources on CV writing and interview tips here.
Ready to make your next move? Upload your CV here.
Do you have a tax vacancy? Call 0333 577 7787.