The recruiting season is coming to an end here at Grant Thornton. Congratulations to all of you who have accepted graduate offers and will be joining us in September, and we’re also looking forward to welcoming interns on July 5th in London for the Intern conference.
This is a good time to give an update on what I am up to, and an insight into being in your second year in tax. Just as a reminder, I joined the graduate scheme in September 2014 in the Real Estate tax team in London. I’m part of a large group of previous interns who accepted offers to join the graduate scheme.
Second year is a big step up in terms of responsibility, workload and making connections. Let me give you an idea of my diary over the last few weeks……
Mid-April I went back to college for the next stage of professional exams (ACA) for Business Planning Tax. Studying Accounting and Financial Management at the University of Surrey meant that I took a few exemptions including two at professional level, so not as much pressure this time as when I sat the last three exams at the same time back in December (glad to say I passed!). This time I was in a new class with a mixture of firms. Personally, I like this as I’ve made new friends from different firms where we can share our experiences and network.
The next week was a mixture of working from home, at a client or in the office. Compliance season for tax provisioning is kicking off. Auditors require the accounts to include a deferred tax figure and, therefore, we have to prepare the tax returns using draft audit figures followed by the deferred tax calculations for each entity. I spent a day with the auditors on site obtaining information needed for the tax analysis. An additional complication this this year is the transition from UK GAAP to IFRS, requiring both audit and tax adjustments and extra time to allow for this. This is definitely one of my most complicated and demanding clients, needing as to work very hard as a team to get everything done by our deadlines.
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