why did you choose to be a tax lawyer

On top of a good salary in an in-demand field of law, you’ll also experience job satisfaction. Tax law provides you with an opportunity to make a difference. Because of the expertise involved, clients listen to your advice. Also, because of the diversity of tax law clients, you can choose who you want to work with.

Full Answer

Is being a tax lawyer a good career?

You’ll earn a good salary Tax lawyers see strong, consistent earnings. According to Glassdoor, the average annual base pay for tax lawyers in the United States is $133,580. Granted, where you end up practicing will heavily impact your earnings. Working at a larger company or in an urban area will drive up your salary significantly.

Why do you want to be a lawyer?

Your past successes and achievements can also be very compelling reasons for pursuing a career as a lawyer.

Why should you study tax law?

Here’s why Imagine: being a lawyer with less stress, more flexibility, and lots of other benefits. This could be your life if you study tax law. In fact, tax lawyers report being the most satisfied with their jobs compared to all other practice areas. Keep reading to find out why.

What are the qualifications of a tax attorney?

A tax attorney must have a law license to practice law. A license proves that an attorney has the qualifications, skills, and authority to offer tax guidance and represent you in tax disputes. You can verify if a tax attorney has a license by checking your state's bar association website.

Why do you want to practice tax law?

Everyone is subject to tax law, which means tax lawyers can find work in virtually every employment sector. Tax lawyers can work in both law and accounting firms, as well as with the federal and state government. They can also serve as in-house counsel for businesses too. That all adds up to lots of job prospects.

Why do we need to study tax?

Taxing citizens is a vital method of financing the most essential public sector activities, such as the courts, the legal system, national defense and police protection. In addition, it provides the means for producing social programs, such as public health services, education and welfare.

Do tax lawyers need to know math?

Though an accounting or mathematics degree is no prerequisite to becoming a tax lawyer, you must have at least basic math and accounting skills.

What does a tax lawyer do Australia?

From preparing documents, providing legal representation in ATO meetings, and negotiating an effective and speedy resolution to the audit, your tax lawyer will be able to assist. A tax lawyer can also negotiate a deal with the ATO to aid in resolving your tax debt issues.

Is tax a good career?

Taxation is an excellent career for the academically-minded. It requires a high level of attention to detail, good English and maths skills and the ability to communicate. Although many people assume that it is a 'maths job', actually the vast majority of work is law based.

What is the study of tax?

Taxation refers to the practice of collecting money from citizens and trading companies by government institutions, in order to finance public institutions, goods and services. Taxation degrees use knowledge from areas such as economy, legislation, politics, public administration and international business.

What is the highest paid lawyer?

Highest paid lawyers: salary by practice areaTax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.Immigration attorney: $84,000.Estate attorney: $83,000.Public Defender: $63,000.More items...•

How can I study tax law?

To be eligible for a postgraduate programme in Tax Law, an aspirant is required to have completed an LLB or its equivalent degree. Candidates who have completed a 5-year long integrated law course shall also be considered eligible for admission to the PG Diploma or LL. M course in Tax Law.

How much is a tax attorney?

Hourly Rate: The majority of tax attorneys charge by the hour. Every attorney will charge a different hourly rate, but most rates are between $200 to $400 per hour. Highly experienced attorneys or attorneys working in big firms in large cities can charge more than $1,000 per hour.

How do I become a tax lawyer in Australia?

Applicants require a recognised bachelor degree (or equivalent) in the field of taxation or a related discipline, or a Graduate Certificate or Graduate Diploma in the field of taxation or a related discipline. In addition, applicants must meet Curtin's English language proficiency requirements.

What are tax solicitors?

Tax lawyers are involved in advising their clients (such as private individuals, companies, or the government) on the best way to mitigate their tax liability.

What is CSIT in Pune?

CSIT offers IT Courses, management courses, and integrated courses affiliated to the University of Pune.

What is a personally rewarding career?

Personally rewarding. A good pay, constant growth, plethora of work environments to choose from, intellectually challenging – all of these factors lead a personally rewarding career. If this is the type of career that interests you, it is time to start signing up a diploma in taxation program.

What is the essential thing that ties almost every industry together?

From retail to entertainment, construction to non-profits, one essential thing ties almost every industry together is finance professionals. These are the ones that help manage the monetary side of the business and advise them to make it better.

Is taxation a career?

Taxation as a Career. Around the start of every financial year, all are in a frenzy to file taxes. Some are busy trying to understand the latest amendments to the tax regime; others are trying their best to file taxes in a way to save money. Tax is an unavoidable part of our life, indeed. While trying to do all of this without missing ...

Is tax an unavoidable part of life?

Tax is an unavoidable part of our life, indeed. While trying to do all of this without missing the last day to file tax returns, everyone secretly wishes someone could take care of all the paperwork for them. This is when the tax professionals step in. These are the experts who: know the nitty-gritty of tax law.

What are some examples of skills that make you successful as a lawyer?

For instance, your ability to communicate persuasively, your attention to detail and your compassion towards your clients are strengths that you can have as a lawyer that make you successful at doing your job. Your pride in your skills and expertise can show the interviewer how motivated you are to succeed in the career.

What does it mean to interview for a lawyer?

Interviewing for a position as a lawyer means you'll likely encounter several different types of questions that will help the interviewer get to know you, assess your skills and compare your qualifications with what they're looking for.

What do you want to know about practicing law?

The interviewer will likely want to see that your core values and philosophy about practicing law connects with the job responsibilities and their firm's mission and values. Describe the character traits you feel you have developed as a lawyer and how these traits helped shape the values you have today. Then, relate these values to what you know about the company and the clients it serves.

How to answer why you want to become a lawyer?

You can answer this question by following the steps below to highlight your strengths and make a great impression on the interviewer: 1. Focus on your strengths and skills. Give examples of your strongest skills that make you successful as a lawyer. For instance, your ability to communicate ...

What is a Tax Attorney?

A tax attorney, also known as a tax lawyer, is an attorney specializing in the application and interpretation of tax policies and laws. Tax attorneys are often involved in litigation, advising taxpayers on the tax consequences of various transactions and representing clients who have tax disputes that can only get resolved in a courtroom.

When to Hire a Tax Attorney

While individuals and businesses can use tax software to help them with tax-related obligations, there are certain situations when hiring an attorney may be a preferable option.

How Much Does a Tax Attorney Cost?

The cost of hiring an attorney depends on the complexity of a case. It may also depend on where you live and the experience of the attorney you hire. Tax lawyers tend to charge a flat fee or an hourly rate fee in most cases.

What Should You Look For in a Tax Attorney?

There are many tax attorneys, and choosing one without any prior experience in what to look for might be challenging. Here are some of the factors to consider when hiring a tax lawyer:

Why Should You Hire a Tax Attorney And Not a CPA For Your Tax Issues?

A certified public accountant can help you with many tax issues and offers similar services. Here is why you should opt for a tax attorney over a CPA, nonetheless:

1. Consider your personal motivations for the career

One of the best ways to answer this question is to consider your personal motivations for pursuing the career. Employers might take an interest in your personal story as it relates to your career because it's genuine and more personal than other interview answers.

2. Describe your career goals

It's helpful to include your career goals as part of your answer to this question to show an interviewer what you hope to achieve in the industry. Describe any goals you set when you first sought a career as a tax analyst, as well as future goals you have that the company can help you reach.

3. Include any fascination or interest in the career's perks or duties

You can explain what interests you about tax law, tax reformation or procedures, as well as your interest in the job perks. If the job offers a good salary, benefits and an opportunity to work at a good company, you can share these points with the interviewer.

4. Answer honestly and concisely

Answer your interviewer honestly and concisely to minimize confusion and highlight your interest in the specific position with their company. Honesty helps establish trust, which can help you form a connection with your future employer. If you're seeking the position because you want a higher salary, answer honestly.

Example 1

"I want to be a tax analyst because I think taxation is fascinating. I've always had a love for money and how it moves through businesses, the government and individual accounts. When I was in high school, I was the treasurer for our school gift shop and helped the school treasurer with tax forms.

Example 2

"I want to be a tax analyst because I've spent several years in the food service industry, and I'm not happy with my current position. It requires long hours and on-call shifts during weekends. I'm hoping that becoming a tax analyst offers me an opportunity for steady pay, a consistent schedule and a more slow-paced office environment.

Example 3

"I want to become a tax analyst because I want to contribute to the larger efforts of combating corporate corruption. It's my understanding that some companies avoid paying taxes to offer bonuses to executives and restrict employees' wages.

What does a senior accountant need?

Someone who will help them with the heavy workload, entering the records to accounting software, preparing simple tax returns, notifying clients about deadlines, and sometimes simply making a good coffee and having chat with them, when they feel like complaining about life and six figure salary.

Why is customer service important?

Excellent customer service is an important part of this job. Companies pay big money to outsource their accounting, and they have to pay each month, regardless of whether their business thrives or stands on the brink of bankruptcy. Hence they have high expectations.

What to do if you aren't sure about your accountant?

If you aren’t sure, you won’t take guesses. You will consult your superior for advice. Doing all these things, you minimize the number of mistakes. But you are aware that you can still make some–it happens to the best accountants as well, and are ready to bear the responsibility for your mistakes.

What does it mean to apply for PwC?

If you apply with a big company (such as PwC), you can refer to great training program they have in place, and potential for further growth. In reality you won’t learn in a big company as much as you’d do in some small office, but you will earn more money.

Taxation as A Career

10 Reasons to Choose Taxation as A Career

in Conclusion

• By now, we are confident that you have a brief idea of why you need to make a career in taxation. Hopefully, our ten reasons will encourage you to choose a career which has an ever-increasing demand, offers excellent compensation, growth, and no stagnation.

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