It all comes down to personal choice. You'll have to get to know yourself. If you're outgoing, friendly, and enjoy traveling, I strongly advise you to do an audit. If you're quieter, shyer, and more of a homebody, consider a career in tax. Either way, you can look forward to a rewarding experience that helps the government operate efficiently.
You should choose audit if you like working with numbers and like testing theories. Audits are used to test whether businesses have complied with tax laws. An auditor will search for evidence of illegal activity such as fraud or mistakes made during filing procedures. If evidence of wrongdoing is found, the company involved may be required to pay additional taxes.
Audits can be very stressful because you're trying to find evidence of things that may not easily come to mind. For example, if a company claims it has no physical records of its transactions, you would likely have to rely on information provided by the company or others who might have knowledge of them. While this may sound like a simple task, an audit can take months if not years to complete. In addition, companies have become increasingly creative at hiding their wrongdoings resulting in even longer audits than before.
Tax attorneys generally work for corporations or individuals who have problems with their tax returns. They help clients identify what documentation is needed to resolve any issues completely and accurately. They also help clients claim deductions and credits where applicable.
It is preferable for articleship audit. Articleship is a time of learning, and the more you learn, the better. Taxation becomes very precise and exclusively covers taxation-related activity. You won't understand what you're doing unless you study the CA final taxes. However, articleship is an overall position that involves many different types of activities.
There are two main differences between tax and audit. First, tax is compulsory for corporations, individuals, and other entities that carry on a business activity. An audit is optional for companies that file regular reports with the IRS. Second, tax is due at the end of the year while an audit is conducted periodically to evaluate whether your company is complying with tax laws.
Taxes can be divided into three main categories: income tax, excise tax, and employment taxes. Income tax includes all forms of revenue collected by the federal government from its citizens and residents; it is also called direct tax because everyone pays their fair share based on their income level. Excise tax includes any type of tax imposed on goods sold by businesses or consumers; for example, sales tax, value added tax (VAT), and carbon tax. Employment taxes include Social Security and Medicare taxes that are withheld from employees' paychecks or deducted from employers' withholding allowances; these amounts go toward funding these programs.
Taxes are extremely high during peak seasons but relatively low the rest of the year. An audit might vary substantially based on the client(s) allocated to you. For peak seasons, they are really poor, but during the rest of the year, they are excellent. The client(s) to whom you've been assigned can have a big influence on your audit. If you're working on large corporations or major tax laws, your audits may be limited to those cases.
During tax season, CPA's offices are generally busy with both clients and employees working long hours to meet filing deadlines. Staffing levels at smaller firms may be reduced since fewer people are required to complete all of the work involved in an audit or other types of services such as planning or financial reporting. However, some small businesses may choose to hire additional staff members during these times to accommodate increased demand.
In addition to regular business, CPAs' offices also receive many more requests for information from individuals who want to question their tax returns or examine any parts of them that were not completed by their preparer. These inquiries can range from simple questions about how a rule was applied to more complex issues such as third-party contributions for political campaigns. Most often, the inquirer will request that a letter be sent to the Internal Revenue Service (IRS) explaining the position taken on their return. However, some individuals want to discuss their return over the phone or send an e-mail instead.