What sort of things would I get up to as a tax graduate week to week? How hard is the ICAEW/ICAS? What are the working hours usually like- is there a busy season?
Further to work hours, how many hours would you say you spend working and also studying too on a general week?
Hi Oliver - thank you very much for your question!
As a graduate in the tax department, your day-to-day roles will very much vary, depending on what project you're working on and what sub-service line you are in.
For example, in tax advisory, one day you may be on a call with the CEO of one client, providing tax advice on a potential investment or acquisition. Other days you may be writing a tax memorandum on a different transaction.
In Indirect Tax, you may be providing advice on the VAT implications of the engagements I described above.
Other areas of Tax focus on Tax Compliance, which entails making sure clients meet all of their tax deadlines and complete all of the required forms.
In terms of the difficulty of the exams, they definitely aren't easy, but if you spend the time studying for them, you will do very well.
Work hours do very much vary and your busy season will depend on which service line you are in, but during exam period if you let your team know you are studying for an exam, they will make sure you finish on time.
As a graduate, you will be out studying in block periods, so the majority of your studying will be done outside of work. Otherwise, you may do a few hours a day before / after work, depending on which you prefer!
I think my role is the same as yours- assistant tax advisor if that helps for any of my above questions- also thanks for the reply.
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