EY has started a recruitment campaign for experience tax professionals to join the Firm. Tax lawyers may be interested in the transaction tax jobs on offer. To find out more please click on the banner.
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A career as a tax lawyer or tax advisor might not be the first choice for many people wishing to go into the law field, but it does provide a rewarding and satisfying career. Tax is a very challenging area of law and does provide ample opportunities and career advancement.
Tax Lawyers Have Opportunities
Tax lawyers and advisors actually have plenty of career opportunities open to them. There are very few areas that are not touched by taxes in some way. In fact, retail is subject to VAT, selling assets could be subject to Capital Gains Tax and inheritances are subject to the Inheritance Tax. This means, there is no shortage of areas in which a tax lawyer may seek work.
In order to become a tax lawyer a potential candidate must meet certain educational requirements. It is wise to have a degree in any of the following disciplines which can help when training to become an advisor on tax issues.
- Accountancy or Finance
- Business Management
- Mathematics or Statistics
Of course, a degree in law is required to handle any legal issues relating to taxes for clients and this degree must be obtained before specialising in tax law. It typically takes at least two to four years of post-graduate studies in the law field to obtain a degree in law.
Once a lawyer has decided to specialise in tax, they must take courses relating to taxation practices. For example, the Association of Taxation Technicians examination includes seven certificates of competency; four must be passed to receive certification. They include personal taxation, business taxation, VAT and accounting principles.
Once the ATT certification has been completed, the Chartered Institute of Taxation (CIOT) examination will be taken. The candidate will then complete two advisory papers from a choice of six which includes:
- Taxation of individuals
- Advanced corporation of tax
- Inheritance tax, estate and trusts
- Taxation of owner managed businesses
- VAT on cross-border transactions
- VAT on UK domestic transactions
The entire length of time to complete a graduate degree in tax law – including law school is approximately four years. Tax lawyers may then seek employment within an accounting firm, law practice or within the corporate sector. If a candidate has not yet achieved their undergraduate degree from university, the entire length of education from start to finish would comprise approximately eight years.
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Tax lawyers are specially trained lawyers who have a main focus on tax law. Tax lawyers help their client’s rights when they are being dealt with unfairly by tax authorities at any level of government. They are able to help with restructuring of businesses and help find tax efficient ways to help the business or client and also help to deal with tax authorities.
Stands up for Client’s Rights
Tax lawyers will work with other people within a company to help advise on tax aspects of transactions, payments and other business expenses. They can help advise on corporate sales, acquisitions, property purchases and employee benefits packages among others.
A tax lawyer can also help individuals with tax issues and problems. They may advise on investment funds, charities and even helping a company or individual with international aspects like overseas income.
Training in Tax Law
Trainees in tax law typically work from 9:00am until 6:00pm and they usually don’t handle their own files or cases right away. They will work with other lawyers and support their cases by means of researching, writing letters or notes and assisting with disclosures and warranties for corporate deals.
A tax lawyer will practice under one of the following headings, contract law, revenue, corporate, European or property taxes. If they decide not to pursue a career in tax law, they can use the skills they earned and apply them to other areas of tax or even other areas of law.
Tax Lawyer Earnings
How much a tax lawyer can make is dependent on their experience and what their position is within the company. For example, A tax disputes lawyer may command a salary of between 50,000 to 80,000 per year; a corporate tax lawyer may make anywhere from 105,000 to 118,000 a year and a tax litigation lawyer can make anywhere from 65,000 to 90,000 a year.
Other examples include a tax and trust lawyer may make 30,000 a year and a tax professional support lawyer can make 75,000 to 80,000 a year. A tax lawyer for one of the Big 4 could make around 70,000 to 90,000 a year.
It is also been known that some high end tax lawyers charge upwards of 5,000 an hour to their clients. These however have years of experience and are generally employed within large corporations or have an exceptionally high win rate for their cases.
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A tax lawyer needs to be on top of any of the latest changes to tax laws within their given state. They should understand federal tax law, how to report foreign bank account, business tax reporting (if they intend to perform tax help for businesses) and even how a franchise should approach their taxes.
Here is a list of 10 helpful resources for a tax lawyer.
Internal Revenue Service
The Internal Revenue Service website has information for personal tax returns, how to apply for EIN, deduction and credits information and just about anything anyone would need about tax information in the United States.
Foreign Bank Account Reporting
A section of the IRS website, this information explains in detail how to report foreign bank account transactions on a tax return and why it’s important.
Financial Crimes Enforcement Network
This website contains information on a government-wide database service of financial transactions. The website helps to recognize and help prevent financial crimes by providing information about investigations at the Federal, State, International and Local levels of law enforcement.
JDKatz Attorneys at Law
The website contains information and articles on health care deductibles, the right tax structure for businesses and estate planning for the state of Maryland.
This website has comprehensive information on tax laws, accounting, Estate tax and Federal and State tax information.
Tax Prof Blog
This is a terrific resource for tax lawyers, as it is written by present and former tax lawyers. It contains the most recent information on tax laws, the fiscal cliff and even information on challenges facing the profession today.
This website contains information on tax fraud, tax preparation, tax liens and audit techniques. It also explains criminal investigations, penalties, bankruptcy and much more.
This website contains articles on global and business portal from international sources. It talks about US tax regulations, as well as international wealth management and news from foreign interests.
US Business Law/Taxes – About.com
This website contains articles on changes in payroll withholding, Medicare tax and how to prepare year-end payroll reports for businesses. It has a breakdown on common errors to different forms and how to avoid them and a comparison of LLC and Corporations.
This website contains court opinions from the US Supreme Court, US tax court and Board of Patent Appeals, as well as articles and information on state laws.
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Flick Gocke Schaumburg is expanding its presence in the German-speaking area. The partnership has opened a representative office in Zurich with effect as of 1 September. From now on, its clients will be able to contact the firm locally in Vienna as well.
“The Zurich office will focus on giving advice on tax crime issues arising in the German-Swiss context,” says Prof. Thomas R?dder, Managing Partner of Flick Gocke Schaumburg. “We expect to help an even greater number of German taxpayers to wipe their slate clean with the tax authorities. So our Swiss office – like our German offices – reflects our commitment to supporting the state in our approach to consultancy. As a German desk, the new FGS office will provide advice exclusively on German law and, in particular, will be addressing legal issues connected with voluntary disclosures and the planned Double Tax Treaty between Switzerland and Germany.”
The Zurich office is centrally located in Bahnhofstrasse 69a and will be headed by Bonn partners Dr. Karsten Randt and Dr. J?rg Schauf. Both specialize in tax crime law as well as white-collar and regulatory matters. They will divide their time between the Bonn and Zurich offices. The latest member of the Flick Gocke Schaumburg team is Daniel Holenstein (47), a lawyer and certified tax expert recruited from Umbricht Attorneys at Law. Daniel Holenstein is Swiss and has a proven track record as a special- ist in the field of tax crime law, with extensive experience in matters of mutual legal and administrative assistance. He joined Umbricht Attorneys at Law in 2000 and became a partner in 2006.
In Vienna, a strategic alliance has linked FGS since 2010 with LeitnerLeitner, a firm of tax consultants and public auditors focusing on Central and Eastern Europe. To consolidate this close working relation- ship, Flick Gocke Schaumburg has opened a German desk at its strategic partner’s office. “Our office in Vienna will serve mainly as a place of contact for our consultants and their clients,” adds Thomas R?dder.
Vienna and Zurich are the first foreign representations to be opened by the firm of Flick Gocke Schaumburg, founded in Bonn in 1972. “Our international strategy will, in essence, continue to build on our relationships with recognized partner firms abroad,” explains Thomas R?dder. “To that extent, we are not competing with foreign firms. The scale of our cross-border engagements in the German- speaking jurisdictions has now reached such a level that opening these local offices has become a sensible move.”
Founded in 1972, the firm of Flick Gocke Schaumburg, which provides tax-focused legal advice, has offices in Bonn, Berlin, Frankfurt, Munich, Vienna and Zurich. Approximately 240 professionals, including 78 partners, are responsible for national and international engagements in the fields of tax law, corporate law /M&A, accounting law, succession/private wealth/foundations, tax-exempt organizations, tax crime/white-collar and regulatory mat- ters, tax compliance as well as auditing/business valuation.
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Blake, Cassels & Graydon LLP (Blakes), one of Canada’s leading business law firms, has made up 13 new partners including one tax partner.
Carrie Aiken is a member of the Calgary tax group. Her practice focuses on a broad range of domestic and international tax matters, including mergers and acquisitions, corporate reorganizations and financings, and cross-border income trusts. She has also assisted clients in several stages of the tax dispute resolution process.
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International law firm McDermott Will & Emery today announced that it has named Tom Scott as the new head of its London tax practice group. Mr. Scott is the second partner to join McDermott’s U.S. and International Tax practice this year.
Prior to joining McDermott Mr. Scott was a senior tax partner at global accounting firm KPMG LLP for six years where he was Global Lead Tax Partner for several of the firm’s largest clients. Before joining KPMG, he was a tax partner at Linklaters for 15 years, where he focused on the tax aspects of cross-border mergers and acquisitions (M&A).
“We are delighted to welcome Tom to McDermott,” said Lowell D. Yoder, partner and head of McDermott’s U.S. and International Tax practice group. “Tom brings a unique perspective from having served in senior roles at a top law firm, a top accounting firm, and most recently, academia. With his extensive experience in domestic and cross-border corporate tax issues, Tom will be able to work seamlessly alongside our Corporate colleagues on a variety of UK and European transactional work.”
“With his in-depth experience in corporate tax, tax strategy and dispute resolution, Tom will help drive forward the Tax practice in London,” added Hugh Nineham, partner and head of McDermott’s London office. “He is well known as a senior, experienced tax counselor with a strong reputation and an unusual combination of technical and commercial skills, who will fit right in with our team.”
Mr. Scott has broad experience across corporate transactions, international tax planning, tax structured finance, banking and capital markets tax, dispute resolution and tax litigation and property tax. Much of his work has been concentrated in the energy, retail and financial services sectors.
With a strong reputation among the wider tax and business community, Mr. Scott was until recently the Chairman of the UK branch of the International Fiscal Association, is a member of the Tax Advisory Board at PLC magazine and is a Visiting Lecturer in Law at Oxford University.
Mr. Scott is a frequent writer on tax issues and has been published in the Times, International Tax Review, PLC Magazine and Accountancy. He has also contributed to books such as Tolley’s Tax Planning and Tolley’s Company Acquisitions Handbook.
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Michelmores LLP has made three significant lateral hires to its Exeter office including an employment law partner, a private client solicitor and the new post of Director of Tax.
Private client lawyer, Ian Bond, joins Michelmores from the Co-operative Trust Corporation in Bristol where he was Head of Wills, Trust & Probate. He joins the largest private client team in the region, which now has 11 partners and 26 other lawyers and legal executives. Ian is a Member of the Society of Trusts and Estates Practitioners (STEP) and a Member of the Law Society’s Private Client Section.
Brian Garner joins Michelmores as Director of Tax having previously headed up the tax department at Bond Pearce LLP. Brian is very well known in the region’s business community having practised at the Exeter Office of Ernst & Young for over 20 years and brings over 34 years tax experience and an outstanding reputation to the firm.
Brian has significant experience in the renewables sector and has been advising on such deals for more than 15 years.
Malcolm Dickinson, Michelmores Managing Partner said: “Despite a challenging economic environment, we see an investment in people of real quality as the way forward for our business.
“We are delighted with these significant additions to the firm and I am certain that each will make a real contribution to Michelmores’ future growth.”
Tags: private client tax jobs
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Weidema van Tol, Attorneys & Tax Advisors in Luxembourg, Switzerland and the Netherlands, have announced that Sean King will be its first U.S. representative. King will provide assistance to clients of Weidema van Tol in the U.S. and Canada and will be responsible for business development and client relationship management. He will be based in Richmond, Virginia.
РІР‚СљWe are delighted that Sean will be the first U.S.-based representative of Weidema van Tol,РІР‚Сњ said Frank Weidema, Managing Partner of Weidema van Tol and Vice President of Temmes Management Services B.V. РІР‚СљHaving known Sean for many years, I believe his past experience with a Big 4 firm and two law firms make him ideally suited to serve the clients of Weidema van Tol and to introduce its capabilities to multinational companies and law firms,РІР‚Сњ Weidema said.
King has served as chair of the International Tax Practice for Williams Mullen, a law firm with approximately 300 attorneys based in Richmond, where he focused on international business transactions and taxation. His practice includes providing advice on structuring mergers and acquisitions, internal restructurings and operations, joint ventures, external and internal financings, and transfer pricing matters, including the cross-border transfer and licensing of intellectual property. Before joining Williams Mullen, King was a partner in the New York office of law firm of Hill Smith King & Wood which has offices in Amsterdam, London and New York. He also previously was a senior manager in the Charlotte, North Carolina office of PricewaterhouseCoopers in the International Tax Services group.
King is a member of the State Bar of Michigan and is admitted to practice before the U.S. Tax Court. He is also a member of the North Carolina Bar Association where he serves as a member of the Council of the International Law Section. Mr. King is the author of multiple publications on international taxation and is a regular speaker on the cross-border structuring of investments. In 2009, Mr. King was honored to be included in The International WhoРІР‚в„ўs Who of Corporate Tax Lawyers.
He received his Master of Laws degree in taxation, magna cum laude, from the Chicago-Kent School of Law. He received his Juris Doctor degree, cum laude, from Michigan State University College of Law and his Bachelor of Arts degree from the University of Michigan at Ann Arbor.
King will work closely with Gene White who is the U.S.-based representative of Temmes Management Services B.V. (www.temmes-management.com). Temmes is an affiliate of Weidema van Tol which provides management services to international holding and finance companies in Luxembourg, Switzerland and the Netherlands. These services include accounting, tax, treasury support, corporate secretarial, resident director, staffing and office leasing services.
Weidema van Tol (www.wvant.com) is a partnership of attorneys and tax advisors which focuses on providing corporate legal and tax services to multinational corporations. It specializes in assisting its clients with international holding and finance structures. Weidema van Tol has offices in Luxembourg, Switzerland and the Netherlands. In Luxembourg the firm operates as Weidema & AssociР“В©s.
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McGrigors appointed two new members to its national Tax Disputes & Investigations practice in August.Andy Brown and Steve Porter joined the Manchester-based team on 25th August, Andy as Director and Steve as Solicitor. Both are indirect tax specialists and have previously worked together at Dickinson Dees, one of the major law firms in the North East, although they regularly work nationally.Their skills and experience strengthen the teamРІР‚в„ўs core specialism of representing taxpayers in disputes with HMRC, either through litigation or through negotiated settlement. Significantly, they also have a wealth of experience of РІР‚?contentious advisoryРІР‚в„ў work РІР‚вЂњ proactively identifying opportunities for making claims for clients for overpaid or under-recovered VAT. Р’В David Anderson, Partner, who heads up both the firmРІР‚в„ўs Manchester tax practice and the national indirect tax practice, comments:РІР‚СљWe are delighted to welcome our two very experienced new joiners to the practice. Aside from offering invaluable support in building the Manchester practice, their skills and experience take the McGrigors tax practice into new areas of work.Р’В Andy works with many pension trustees and has significant experience in this and a number of other key areas that complements our existing contentious indirect tax practice РІР‚вЂњ so these are very exciting times for usРІР‚Сњ.
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