The tax and audit see-saw
So perhaps it’s strange that September was our best month of the year and just shy of our all time record with strong results across our divisions and regions. Or not so strange. Whilst some of our competition talk openly about reducing their UK headcount, our strategy is to continue investing in our core markets and making key hires into our business. Even more crucially, our consultants prove again and again that their motivation, market knowledge and passion for the job are second to none.
Similarly, Professional Services performed strongly with audit hires driven primarily by strong levels of demand from mid-tier firms and the Big 4 being relatively quiet. The opposite is the case for tax, with Big 4 and Top 10 firms still hiring strongly. We’re also seeing increasing demand for specialists in tax automation and tech with firms keen to bolster their advisory offering as this area rapidly evolves.
Writing for the Accountancy Age, Martin Muirhead, senior partner at Kingston Smith. notes that “larger firms have been able to grow their tax income at a faster rate than their fees from audit and accounting, with seven of the top ten firms reporting more growth in tax than audit. This trend does not appear to be replicated across the rest of the 50+50, with less than a third of firms across the top 100 being able to report the same.” Martin goes on to point out that the HMRC’s ‘Making Tax Digital’ scheme is likely to see a rise in advisory fees but squeeze compliance as tax returns become automated.
One thing is certain as a turbulent 2016 draws to a close, the ever increasing complexity in regulation and compliance means that there is plenty to keep accountants occupied for some time to come.
Signup to receive the latest discipline specific articles
Related articles
Teaser
Financial ServicesContent Type
General
20/10/22
Summary
Recently, we hosted an internal audit roundtable in Leeds, attended by a group of senior professionals in internal audit, risk and compliance, from a wide range of organisations. The aim was to
by
David Clamp
Teaser
Financial ServicesContent Type
General
12/10/22
Summary
Earlier this year, I conducted a roundtable with fifteen senior internal audit professionals from financial services institutions in London. There were several key takeaways from the session
by
Deem NaPattaloong
Teaser
Financial ServicesContent Type
Career Advice
09/05/22
Summary
The financial services sector is essential to the British economy. In 2020, the sector contributed £164.8 billion to the UK economy, 8.6% of total economic output. However, like many industrie
by
Deem NaPattaloong
Related jobs
Salary:
£60,000 - £70,000 per annum
Location:
North West England
Industry
Insurance
Qualification
Fully qualified
Market
Financial Services
Salary
£70,000 - £80,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
Internal Audit Manager - ESG & Operational, you'll contribute to external requirements & stakeholder expectations around ESG performance and reporting
Reference
BBBH180036
Expiry Date
01/01/01
Author
David ClampAuthor
David ClampSalary:
£40,000 - £50,000 per annum
Location:
Manchester, Greater Manchester
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£50,000 - £60,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH180019
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
Up to £400 per day
Location:
London
Industry
Investment Banking & Capital Markets
Qualification
Fully qualified
Market
Financial Services
Salary
£350 - £450
Job Discipline
Tax
Contract Type:
Contract
Description
Corporate Tax Accountant (4 month contract)
Reference
BBBH178574
Expiry Date
01/01/01
Author
Paul RocheAuthor
Paul RocheSalary:
£40,000 - £55,000 per annum
Location:
West Yorkshire
Industry
Business Services
Qualification
Finalist / Newly qualified
Market
Commerce & Industry
Salary
£50,000 - £60,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
Marks Sattin are currently working with a leading PLC who are recruiting for a Senior Internal Auditor to join the team.
Reference
BBBH180007
Expiry Date
01/01/01
Author
Rajveer SanghaAuthor
Rajveer SanghaSalary:
£50,000 - £65,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
A great business keen to recruit for an Internal Audit Manager to come onboard and join the team.
Reference
BBBH180005
Expiry Date
01/01/01
Author
Rajveer SanghaAuthor
Rajveer SanghaSalary:
£50,000 - £65,000 per annum
Location:
North Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
Marks Sattin is currently recruiting for an Internal Audit Manager where you will be ensuring contractual agreements are delivered.
Reference
BBBH180000
Expiry Date
01/01/01
Author
David ClampAuthor
David ClampSalary:
£34,000 - £45,000 per annum
Location:
North West England
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£40,000 - £50,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH179953
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£70,000 - £75,000 per annum
Location:
West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
Marks Sattin is recruiting a Senior Internal Audit Manager
Reference
BBBH179503
Expiry Date
01/01/01
Author
David ClampAuthor
David ClampSalary:
£45,000 - £60,000 per annum + plus bonus and benefits
Location:
West Yorkshire
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Tax
Contract Type:
Permanent
Description
Group Tax Manager for a large manufacturing business in West Yorkshire
Reference
BBBH179933
Expiry Date
01/01/01
Author
Andy CravenAuthor
Andy CravenSalary:
£55,000 - £68,000 per annum + bonus
Location:
Blackburn, Lancashire
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Tax
Contract Type:
Permanent
Description
Corporate Tax Manager for a leading consumer retail business in Blackburn.
Reference
BBBH179918
Expiry Date
01/01/01
Author
Andy CravenAuthor
Andy Craven