What are the main occupations in this sector?
Working in tax is like solving a puzzle – scope it, then solve it. But solve it in a way that’s innovative and creative – create the solution, don’t just follow it. It’s a puzzle that’s the perfect blend of numbers and strategy.
Tax is based on legislation, so coming up with the solution means unravelling and investigating the rules in legislation and putting together strategic tax advice that makes a real financial impact.
From the earliest days, right through to retirement a career in tax as a Chartered Tax Adviser (CTA) creates awide range of possibilities. Generally, Chartered Tax Advisers (CTA) in practice will start their career as a tax trainee, and once they qualify will move into a tax senior role.
Opportunities exist then for promotion to assistant manager, senior manager, director and partner level. For those employed in industry, banking, and Revenue, similar career paths are available. You have the choice and flexibility to choose your own career path!
Starting your career in tax
You will assist on general corporate tax queries from existing clients, You will assist the partners in preparing advice and researching any issues which may arise; this involves advising clients on the tax consequences of their business decisions and drafting letters of advice.
Day to day as a tax manager / director
A career in tax could mean working with and advising some of the key people and corporates in Ireland and abroad – from home-grown tech start-ups, pioneering biomedical multinationals, global investment banks to the leading entrepreneurs with the most innovative and revolutionary business concepts.
Public sector roles
A career in tax could mean working with the Revenue Commissioners, Department of Finance or the EU Commission advising on key areas of Irish and EU tax policy and shaping the legislation.
What types of employment contracts are there?
This obviously depends on the nature of the job and the employer's requirements, but contracts can be on a full-time or part time basis. Again, in particular circumstances, there are opportunities for job sharing and remote working.
How do you get a job in this sector?
One of the great things about a career in tax is that it gives you choice. As a Chartered Tax Adviser (CTA) you will join Ireland's largest group of tax professionals working across a broad range of sectors:
- Professional services firms
- Legal firms - Corporate sector
- Financial services
- Public sector
Video: From Summer Intern to Tax Trainee
No training contract required
You don't need a training contract to complete the Chartered Tax Adviser (CTA) qualification or the Tax Technician qualification. However, some CTA students secure roles as tax trainees before they start the qualification.
Most of the large accountancy or law firms that have a tax practice start their graduate recruitment programmes in September/October - this is often referred to as the “Milk Round”. So it's important that you keep an eye out on their websites at the start of your final year in college.
If you are in your penultimate year in college, make sure you check out the firm's summer internships - these are 12-week placements in their tax department and are a great way to get on-the-ground experience. These are normally advertised in January, and the interviews held in February. A lot of firms are now recruiting for tax trainees through the summer internship, so you might be lucky to secure a contract before you finish college!
All of the larger firms require that you complete a formal application form which is available on their website or at a college careers office. Quite often, firms also recruit at the start of the academic year. For more details on these graduate recruitment programmes, please visit the various company and college career office websites. Many of Ireland’s largest companies also recruit graduates for their in-house tax departments.