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: Strategies for Aspiring CPAs in a Competitive Market

Entering the world of taxation can be daunting, especially given the current talent shortage in the field. As a newly minted CPA who recently stepped into a senior tax role, I’ve observed firsthand the urgent need for firms to invest in training newcomers. It’s critical for organizations to recognize that nurturing fresh talent is essential to bridging the skills gap in the tax sector.

Interestingly, many firms remain unaware of the necessity to cultivate their talent pipeline. It’s not uncommon for candidates to downplay their experience, commonly referred to as “BS-ing their way in,” to gain entry into roles that may initially seem out of reach. However, there’s a notable trend: once you’re inside the organization, the likelihood of receiving training increases significantly—especially if you are open to negotiating your salary within the lower end of the pay scale. This approach not only makes you a more attractive candidate but also reflects your willingness to learn and grow alongside the firm.

For those preparing to embark on this journey, brushing up on your Regulation (REG) materials can provide a solid foundation. If you’ve successfully navigated the REG exam, you possess the core knowledge required to excel in an entry-level tax position, whether as an experienced associate or in a senior capacity.

What’s particularly disheartening is the reality of what occurs once you’re in the door. Being flagged for inexperience often leads to a firm’s acknowledgment of your shortcomings without the immediate repercussions of dismissal. The truth is that their reluctance to let you go reflects more about their desire to maintain their own comfort rather than an outright assessment of your potential. In essence, they recognize that the cost of hiring and retraining someone new may outweigh the temporary discomfort of confronting their hiring misjudgment.

As aspiring professionals, it’s crucial to navigate these dynamics—leveraging the vulnerabilities of established firms can be a key strategy. By understanding this landscape, you can position yourself not just as a candidate needing training, but as a valuable asset ready to contribute to a role that has long been left unfilled.

In summary, while the landscape may be challenging, mastering the art of self-presentation and understanding your worth can lead to fruitful opportunities in the tax profession. Focus on building your skills, and don’t shy away from entering the competitive fray; there’s a significant demand for eager and trainable professionals in this essential field.