A Student's Perspective
Kate Healy - Co-operative Student, Tax
Hear from Kate, Co-op student from Univerty of Limerick
With this co-operative placement, are you now working in the industry of your choice?
I can definitely say having been with Deloitte for 8 months now that I would like to pursue a career in tax.
What drew you to Deloitte when you were seeking a co-operative placement?
I had spent 10 weeks in Deloitte in 2016 as part of the Summer Internship programme. During this time I saw how friendly and helpful everybody was and I learned so much from the people around me in the office. Being in the Limerick office meant that I was exposed to many different areas of tax from income tax and corporation tax to payroll and VAT. For this reason, when I was offered an 8 month co-op placement I was delighted to accept.
What expectations did you have before you began the placement?
Having had some experience on the tax floor before beginning my co-op placement, I was hoping to be able to broaden my knowledge and skills and work on more complex projects over the eight months. As my placement comes to an end, I can definitely say that my expectations were met. I have worked on really interesting tax consultancy projects as well as complex corporation tax computations and I have had a chance to work on a wide range of clients across many different industries.
What duties and responsibilities were you given initially?
Initially, I worked mostly in corporation tax compliance assisting trainees with preparing lists of client queries and drafting corporation tax reports. I was also given the task of completing internal risk procedures such as conflict checks.
Did the scope of your work change as the placement progressed?
As I became more familiar with corporation tax compliance, I was given more responsibility for drafting the computation and preparing the corporation tax pack for manager/partner review. I also had the responsibility for processing payroll for two clients and ensuring that the payslips issued to the employees on their pay day. During the summer months, I did a lot of work on income tax compliance and was given responsibility for a number of clients who I had to contact to obtain information relating to their income and then draft the income tax computation. It was really satisfying to see a piece of work through from beginning to completion.
Can you describe a typical day in your role?
Each day I work on a variety of different clients and I look at many different areas of tax. Usually, I would have some income tax and some corporation tax work in progress at any given time. Common tasks that I would complete on a day-to-day basis include, contacting clients with queries in relation to their tax return, drafting income tax/corporation tax computations, researching a particular area of tax legislation, processing payroll and contacting Revenue on behalf of clients. I would say that the variety of work that I complete on a daily basis keeps my job very interesting and creates many opportunities for learning.
Do you feel more prepared for working life after completing the Deloitte co-operative placement?
Absolutely. I feel that I now have an excellent insight into a career in tax. I have a good knowledge of what is expected of trainees at Deloitte and I would be confident that I am well prepared for working life after college.
Why should someone apply to the Deloitte co-operative placement?
The co-op programme is an excellent way to gain a real insight into a career in Deloitte. Over the course of the placement you will see a huge variety of work and this will help you to decide if this a career you would like to pursue. As well as all of that, the placement is really enjoyable with lots of nights out and activities organised for both the co-op group and the office as a whole and it’s a great opportunity to meet lots of new people.
Tell us something surprising that we did not know about you.
I was born in London, however I have lived in Ireland since I was 4 years old.