I have my CPA & BS-ed my way into a senior tax role in November 2024. Many firms aren’t “getting it” that they need to train newbies into the pipeline to fill the egregious tax talent shortage. You’ll get “caught” & its 95% likely they’ll train you anyway, but you need to BS your way into the door

Navigating the Tax Profession: Building Your Path to Success

Entering the world of tax Accounting can be daunting, especially with the current shortage of qualified professionals in the field. As someone who recently transitioned into a senior tax position thanks to my CPA, I’ve observed some key strategies that aspiring tax professionals can use to break into this competitive landscape.

Understanding the Talent Shortage

Despite the pressing demand for tax talent, many firms seem to overlook the importance of developing new entrants into the profession. The reality is, organizations often end up hiring candidates who may not meet all their listed qualifications. It’s crucial to recognize that if you find yourself in this position, there’s a good chance the firm will provide the necessary training once you’re onboard, even if you’re not fully equipped from the start.

The Art of Positioning Yourself

One approach to enhance your marketability is to aim for positions that fall within the lower half of the salary range. This strategy can improve your chances of being considered seriously by firms that need your help to fill critical roles. When your compensation expectations are modest, companies may be more willing to invest in your training and development.

Leveraging Your Knowledge

Another effective tactic for standing out is revisiting your REG (Regulation) exam notes. If you have the technical knowledge to pass this crucial exam, you likely possess a strong foundation to succeed in a junior tax role, whether as an experienced associate or in a senior capacity. Your thorough understanding of the fundamentals can give you the confidence to navigate the complexities of tax regulations.

The Reality of Job Acquisition

It’s important to acknowledge a sobering truth: many candidates do get “caught” in the hiring process—meaning they are selected despite lacking certain qualifications. When firms realize they’ve hired someone who does not meet the mark, they often hesitate to terminate that employee. This situation isn’t just about preserving a firm’s ego; it highlights the pressing need for talent in a landscape where filling positions is often prioritized over ticking every box on a qualifications checklist.

Ultimately, firms are aware that firing a newly hired employee for not matching the desired criteria reflects poorly on their judgment. Instead, the emphasis shifts toward mentorship and training, allowing them to maintain their reputation while addressing their staffing needs.

Conclusion

For those willing to navigate the complexities of entering the tax profession, understanding these dynamics can provide a significant advantage. By strategically positioning yourself and demonstrating a willingness to learn and adapt, you can not only secure a role but