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Advice needed from CPA's on how to get Cross Border US tax experience

  • Last Updated:
  • Feb 12th, 2019 3:45 pm
[OP]
Jr. Member
Aug 12, 2016
192 posts
24 upvotes

Advice needed from CPA's on how to get Cross Border US tax experience

Since 2015 when i first kickstarted my accounting career, i have in various different accounting firms now. All my experience has been in preparing Notice to Reader Engagements, Corporate Tax Returns, Personal Tax Returns, HST returns, Book Keeping Engagements and other Miscellaneous tasks such as preparing working papers, supporting documents and responses to CRA audits, reviews and queries. Personally speaking i am beginning to find the work boring, demoralizing and the frustration of having to constantly deal with messy client files, books, inefficient book keepers is now at an all time high.

However, due to some personal and family circumstances, i will definately be moving to the US in the next 2-3 years. My parents are US green card holders and they have expressed a desire to move to the US in the next 2-3 years to be closer to my brother and sister who have now both gotten married and settled there. My parents are also not in the best of health and therefore i cannot be away from them living in another country. I have just recently gotten engaged to a US citizen and she too will sponsor me for the spousal green card.

In light of these developments, i think it would be in my best interest to try and get exposure to Cross Border US personal and corporate tax returns before i actually end up moving to the US in the next 2-3 years so that i can have a much better chance of being able to land a role in one of the local accounting firms over there. The question is how can i go about doing this and getting this kind of experience and exposure in Canada.

I mean i am 35 years old now, are there any good accounting firms or avenues where i can get this kind of practical exposure within Canada? How can i go about achieving this?
10 replies
Member
Jul 19, 2010
437 posts
95 upvotes
Calgary
Are you a Canadian CPA , or legacy CA, CMA, CGA?
[OP]
Jr. Member
Aug 12, 2016
192 posts
24 upvotes
Will become a CPA by the end of this year
Member
Jul 1, 2017
232 posts
129 upvotes
Work at a multi-national firm; get exposure to US clients. No other way, unless you get into a tax team on a multi-national company. That's pretty difficult without complex tax experience because you don't need a big team for tax; usually you'll have a tax manager/director (specialist) depending on the size of the organization and that's all they do.

To get hired into those roles, now-a-days, you'd likely need tax certification (in-depth, TEP, etc.).

Really though - why tax?
[OP]
Jr. Member
Aug 12, 2016
192 posts
24 upvotes
How else can I get US personal and corporate taxation exposure? If I aim to set up my own shop one day in the US, why not start preparing and getting the necessary experience now?
Deal Addict
Oct 16, 2013
2163 posts
560 upvotes
Toronto
You can take courses on US tax. Then you can advertise on boards to do US taxes.
[OP]
Jr. Member
Aug 12, 2016
192 posts
24 upvotes
raichu1 wrote:
Feb 10th, 2019 4:57 pm
You can take courses on US tax. Then you can advertise on boards to do US taxes.
Any good courses in Canada on US Personal and Corporate Taxation?
Deal Addict
Oct 16, 2013
2163 posts
560 upvotes
Toronto
Savak2015 wrote:
Feb 10th, 2019 6:48 pm
Any good courses in Canada on US Personal and Corporate Taxation?
I do not know which is "good".
I know that universities have courses. The CPA Ontario do offer some courses as do some tutoring companies.
Member
Jul 1, 2017
232 posts
129 upvotes
Why do you want US Tax exposure though? What's the purpose - if you're relocating to the states for whatever reason, why not build-up your skill-set to be employable in a broader market?

Siegfried Group would be the easiest approach to relocate into the US. They are always hiring people with practice experience and they pay decently in the US.

I just don't understand the rational behind isolating yourself to tax if you're asking these questions. You're 35; if you want to be a tax specialist, you should know the road is not easy. On that, if you hate the work in practice - why stay? It sounds like you've been jumping around from firm-to-firm (likely not on your own terms); while a stretch of an assumption, practice accounting is the worst kind of accounting you can be doing.

Go work for a company that has a HQ in the states and transfer that way. Tax is terrible.
[OP]
Jr. Member
Aug 12, 2016
192 posts
24 upvotes
HelloWorld3 wrote:
Feb 11th, 2019 2:08 am
Why do you want US Tax exposure though? What's the purpose - if you're relocating to the states for whatever reason, why not build-up your skill-set to be employable in a broader market?

Siegfried Group would be the easiest approach to relocate into the US. They are always hiring people with practice experience and they pay decently in the US.

I just don't understand the rational behind isolating yourself to tax if you're asking these questions. You're 35; if you want to be a tax specialist, you should know the road is not easy. On that, if you hate the work in practice - why stay? It sounds like you've been jumping around from firm-to-firm (likely not on your own terms); while a stretch of an assumption, practice accounting is the worst kind of accounting you can be doing.

Go work for a company that has a HQ in the states and transfer that way. Tax is terrible.
My aim is to put myself in a position where I can set up my own shop in the US one day. Even if I join any company I dont see myself going very far
Member
Jul 1, 2017
232 posts
129 upvotes
Savak2015 wrote:
Feb 11th, 2019 11:17 am
My aim is to put myself in a position where I can set up my own shop in the US one day. Even if I join any company I dont see myself going very far
Why don't you see yourself going very far in a company?

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