We are proactively coming up with solutions to help the global tax professional community during a time of great uncertainty. Over thirty years, experience has taught us there are unforeseen events that occur effecting the hiring of tax professionals. When it comes to working in the Big Four, you may find sites like www.goingconcern.com of interest as they are a good reminder of what happens. There are lessons to learn from previous disruptions in the tax profession. Once you learn them you will be able to anticipate what is ahead. However, you need to have insight about what to anticipate before a layoff affects you or anyone you know. Understand the value of staying ahead of the curve of any layoff and position yourself to land top the tax jobs available now.
There are numerous tax organizations searching right now for your tax expertise. However, there are also tax professionals who will be laid off during a time of uncertainty. For those of you considering a move after tax season, take my advice: The smartest tax professionals are interviewing “now via video” and not after tax season. Why? After busy season, you have a lot more people competing for the same pool of tax jobs available. Tax professionals who are tech savvy online will win the attention of future employers. Stay ahead of the market by interviewing now if possible and not after tax season. Anticipate layoffs after tax season and you will be ahead of competitors in being considered for choice tax roles. Remember this is the best way to stay ahead of the curve.
An interesting article in the Financial Times brings to our attention how the Big Four accounting firms handles economic disruption. KPMG came up with the codename “Project Zebra” which stands for “zero-based budgeting” which is a means of stripping as much cost as possible out of a business operation. In particular, KPMGs own website advertises zero-based budgeting requires “getting leadership to rethink their business through the eyes of an external investor and “remove emotion” from their decision-making on cost savings. Shockingly, they state “focus ruthlessly on value creation”. About 150 cost-cutting measures were (are) being considered including recalling hundreds of employees’ corporate mobile phones and making about a third of its personal assistants redundant. What will they do now in an uncertain market? They will likely focus their attention on driving long-term value.
What concerns TaxConnections most is the unknowing tax professional who has worked very hard for a firm only to find their role has been cut at the firm. Learn from my experience of three decades by preparing for the changes ahead as they are coming at you now. Having said that, there are things you can do that will protect you and your tax career, and position you in a position of strength. TaxConnections Executive Search Services division has a longstanding client track record in placing tax professionals with organizations worldwide. Although we are unable to place everyone we work with we do offer great counsel and an online solution that raises your professional visibility. The reason TaxConnections started was due to our desire to help as many tax professionals as possible succeed in a market no matter what the conditions are at any given time. Here is what we are doing now to support the tax community through this market:
1.TaxConnections is helping tax professionals immediately reduce overhead costs. For any tax professional laid off, semi-retired, tax student, or under any kind of financial stress we now offer a $30.00 annual membership. You will receive a full page tax professional profile and free messaging.
2.It is more important than ever to promote your personal tax brand and expertise online so people can find and connect with you. Surprisingly, there tax professionals who are completely unaware of the difficulty for former colleagues, clients and recruiters to connect with them online. Your professional profiles are blocked by sites who do not allow anyone from the outside to reach you unless they pay to do so. Your professional profiles are blocked by organizations who do not allow external sources to communicate with you. Your profiles are scraped by sites that do not represent you professionally.
3.TaxConnections is setting up a system to help employers identify those out of work get noticed through the TaxConnections platform for open tax roles.
4.TaxConnections will also be searching for tax professional members to hire to work from home to help the tax community. TaxConnections is expanding its virtual workforce to locate tax professionals to work with us.
Now is the time to “take action” and raise the visibility of your specialized tax expertise. Tax professionals who are proactive will reap many rewards. TaxConnections professional profiles make it easy for everyone to find and contact with our members online for free. Our tax professional members appear in an organic search right under LinkedIn. This is important to note as we have built a niche online tax community with shared interests and valuable content. More importantly, we have stepped up to help the tax community by offering a $30.00 annual membership fee. There are many tax professionals who need help during this time and we want you to know TaxConnections is here to support you. Tax professionals need to huddle together as a community and take action to help reduce costs of your online visibility and connectivity.
Take Action Now With TaxConnections Special Membership – $30 Per Year
We will have the new $30 URL page built within the next 24 hours. In the meantime, you can go to this landing page to register. When you see the $299.95 in the payment window you will see a small green arrow after the $299.95 you must click on. Once you click on it a $29.95 will appear. Click on this url link to register and we will manually edit you to $29.95 for the year. You can also contact us to request the new link once we have it up for you.
On Thursday, March 19th 2020 the new URL Tax Professional Membership Page will be posted to this article.
Kat Jennings, TaxConnections, CEO and Founder and Advisory Team provides three areas of services: 1) Internationally recognized, retained executive search services for multinational corporations, public accounting firms, and law firms; 2) Introductions of sellers to buyers of small and medium size accounting firms; and 3) Provide brand building and education services that support and prepare accounting firm owners to buy/sell an accounting practice. We focus on educating the journey to sell a practice and how to increase firm revenue prior to any sale. Our program ensures you start years prior to a sale by learning what is expected of you during the selling process, and introducing firm Partners to cross selling opportunities that are easy to implement and reduce your workload at the same time. We introduce you to value added connections to smartly grow revenue in your accounting practice.
Kat Jennings has been retained by organizations worldwide to locate tax professionals with highly specialized tax knowledge and expertise. She has a thorough understanding of the tax business community, with a proven record of stellar performances matching professionals with organizations. Bringing two parties together to work successfully is the art of understanding personalities, cultural fit, expectations by both parties, flexible or inflexible work environments, understanding what drives and motivates each party, and revolves around the personality and ethics of each executive team.
Kat is a widely recognized expert in high level, tax executive search, as well as connecting buyers and sellers of accounting firms. TaxConnections provides and educates small to medium size accounting firms owners and Partners how to prepare and sell their firms so they can build a succession plan for their retirement. With larger firms seeking to acquire smaller accounting practices, there is a real need to help firm owners prepare to be acquired. Most firm owners are unaware they are not ready to sell when they decide to retire. TaxConnections educates firm owners’ what they need to do years in advance of selling an accounting firm practice.
Senior tax executives expect the utmost privacy when being introduced to multinational organizations about a new tax opportunity under consideration. Having said that, companies searching for a new head of tax expecting tax executive candidates to submit their resume through a resume portal, will never see a full slate of outstanding tax executives available due to a candidates’ desire for greater privacy. This is why privacy focused Uber Tax Recruiters consistently outperform in-house recruiters on tax executive searches.
We offer our clients a Performance Retainer Agreement arrangement so their HR department can still recruit and compete with the tax candidates we present on Head of Tax searches. The client pays us a partial fee upfront, and if they find a candidate they deem better than we introduce to them, we forfeit the final fee. Most of the time, they love and prefer our private introductions to tax executive candidates better than what they source through their own resume portals.
When we represent selling/buying small to medium-sized firms, firm owners/partners also demand greater privacy when considering the sale of their practice. TaxConnections provides a safe place to discuss their business needs, elevate their practices’ online reputation, and increase revenue through new streams of business development by outsourcing work and partnering with other firms. Over three decades, we have worked tirelessly to build relationships between firm owners most organizations rarely have access to in the world of tax. There are numerous possibilities you may never have considered previously to bolster the value of your practice and service offerings.
As a globally recognized consultant to multinational organizations, accounting firms, and law firms searching for tax expertise, Kat has been retained by public accounting firms, law firms, and corporations worldwide including Apple Computer, AC Neilson, Accenture, Agilent Technologies, Allergan, Alza, American Express, American Media, Aon, Baker & McKenzie, Barclays Bank, Bechtel, Cargill, Carl Zieuss Vision, Century Aluminum, Chevron, Clorox, Citigroup, Commercials Metals, Constellation Energy, Countrywide, Del Monte, Deloitte Touche, DFS, DLA Piper, E&J Gallo Winery, Electronic Arts, Ernst &Young, Fox Entertainment, Fremont Investments, General Electric,General Motors, Herbalife, Hewlett Packard, Hyatt, Intel, Jones Lang LaSalle, Kimco Realty, KLA Tencor, Koch Industries, KPMG, Levi Strauss, Liberty Mutual, LKQ, Loews, Logitech, Lucas Film, Maersk, McKesson, Nalco, Newell Rubbermaid, Nissan, Oracle, Orbitax, Pacific Gas & Electric, PwC, QAD, SAIC, SanDisk, Sanmina, Sempra Energy, SONY, Synopsys, Ticketmaster, Trimble Navigation, Toyota, Univar, Wal-Mart, Wells Fargo, Vertex, Yahoo, Xilinx, and many more not listed here.
Contact Kat at 858,999.0053 Office/858.232.4415 Cell or kat@taxconnections.com to request a private consultation regarding the sale of your practice, adding top talent to your organization, or merging your practice with another firm owner with a book of business. The possibilities are endless; if you have a dream of a new vision for your professional life; we will scout opportunities throughout the market to make it happen.
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