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 Sector: A Guide for Aspiring Professionals

Entering the world of tax Accounting can seem daunting, especially in a landscape where firms are struggling to find qualified candidates. As someone who recently secured a senior tax role after earning my CPA, I want to share some insights into breaking into this competitive field, particularly for those who might not have all the experience typically expected.

Understanding the Talent Shortage

As it stands, many firms are not fully grasping the necessity of nurturing new talent to fill the significant skills gap in the tax sector. While it may appear that only seasoned professionals are welcome, there’s a pathway for newcomers. If you’re determined, you might find that even without extensive experience, you can leverage your existing knowledge to land a position. It’s important to recognize that the landscape is shifting; firms often need to invest in training to address this talent shortage, and many may do so even if you initially appear underqualified.

Strategies for Success

1. Getting Your Foot in the Door: Don’t shy away from applying, even if you feel underqualified. It’s likely that once you’re in the interview process, firms will notice your potential. A practical approach can involve positioning yourself for roles with a salary at the lower end of the pay spectrum, which might make firms more receptive to investing in your training.

2. Sharpen Your Technical Skills: Before you apply, ensure you thoroughly review your Regulation (REG) study materials. Successfully passing the REG exam indicates a strong grasp of the necessary concepts, providing you with a solid foundation upon which to build your expertise. This knowledge can be instrumental in securing a role, whether it’s as an experienced associate or a senior position.

The Reality of Corporate Hire and Train Dynamics

It’s worth mentioning that if you find yourself in a situation where your lack of experience becomes apparent, don’t be discouraged. Firms often hesitate to let go of employees because doing so would acknowledge their misjudgment in hiring. This complexity can actually work in your favor. Rather than outright rejection, they may choose to invest in your development. This scenario highlights the subtle dynamics of corporate hiring, where ego plays a significant role.

In conclusion, while it may require a bit of strategy and a touch of confidence to navigate the hiring process, the potential for growth and training exists. Emphasizing your willingness to learn and adapt can sometimes be as crucial as your current qualifications. Remember, the key is to present yourself as a valuable investment for