Hi Krishna. Can I assume from this that you are applying for a position in Business tax? Would this be for our summer vacation scheme?
Hi, yes! Applying for the SVC with business tax
Ah I can be of help! I completed the SVS scheme a few years ago.
I wouldn't expect that you will need any specific technical knowledge as if you were to join on the SVS scheme (and later possibly as a graduate) all the training and qualifications will be on the job. However, it definitely helps to have commercial awareness of business tax more generally, i.e. if you can keep up to date with some of the larger tax law changes, or what larger corporations are doing (in the media etc), that can only be of help!
I think just keeping read up on different areas will be key. Whoever is interviewing you will also just be keen to get to know you as a person so just be yourself!
That is amazing, thank you!
What sort of things do you do on a typical day within tax consulting? What would you say is the best about business tax and then something not so great?
Hannah, will Deloitte consider mature LLM students (30+) for summer internship or any programs in tax consultancy?
So the summer vacation scheme is for students who are in their penultimate year of university (whether this be for an undergraduate degree, or whether the student is in their final year and going on to do a masters).
No one day is the same in tax consulting! I have a wide range of clients (a mixture of privately owned clients and international clients). I mainly work in advisory (rather than compliance) -and this will involve advising clients on different tax issues and considerations! There is the opportunity for a lot of face time with clients, and I tend to speak to mine on a daily basis! I've also been really lucky to get the opportunity to travel internationally to see one of my clients! Typical day to day work will include different reports, memos, getting stuck into the tax legislation and generally managing the client relationship!
I wouldn't say there is anything in particular that isn't so good about business tax - it really depends on what kind of work you enjoy doing. I guess the only thing might be if there is a pressing deadline and a demanding client, but there's not much I can think of.
Do you work with international clients a lot ? Have you ever had the opportunity to relocate to another country?
Yes the majority of my clients are international I would say. I haven't taken up the opportunity to relocate to another country, but there are lots of opportunities to go on secondments abroad. Quite a few people from the Reading office have been seconded to New York for example. A friend of mine in GES actually relocated semi-permanently to Switzerland.
Does that mean you get to video conference a lot with your international clients ? Is helping foreign languages a plus in these kind of situations or is everything in English ?
Ahh okay, thank you Hannah. Since I am planning to apply to business tax advisory, I was wondering if you could give any specific examples of different tax issues and considerations just to understand the role more?
Yes we often have calls or conferences with our international colleagues - for me I would say at least a few times a week. Calls do tend to be in English from our perspective, but it can definitely be helpful and very beneficial to speak other languages!
Great, thank you for the information !
I think one of the main things the media focuses on at the moment is whether corporations are paying the 'right' amount of tax, and how transparent businesses are being around this - this is then supported by more complex tax law.
Does that mean you advise companies on the impact in terms of public image of the way their go about paying their taxes ? Also, do you tend to focus on being an expert on one type of client and then always work with this kind of client or do you have variety ? Are you responsible for finding new clients, or do you have dedicated salesmen to present the company’s services to prospects ?
Hi Hermann, this varies from team to team. In GES we do not divide clients by the type of business they operate. However, it is noticeable that due to geographical reasons the Reading office does attract a lot of tech clients.
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