Do you wonder what it’s like to work in tax? Read our interview with recent Rice MAcc alumna Kelly Wang (Class of ‘18). 

Tell us a little bit about your background and why you decided to pursue the MAcc.

Before I came to Rice university, I had a M.A. in Literature and worked as a project assistant and project coordinator. I really enjoyed working with different people and finding solutions, but the most important thing I learned from my work experience is that the business world has many opportunities. Accounting is the language of business. I wanted to master that language to understand businesses and help them succeed. As soon as I heard about the Rice MAcc program, I signed up because I knew it was one of the best.   

Where do you work and how long have you been there?

I work for Andersen, a global tax firm. I’ve been there since September 2018.

What drew you to tax?

Originally, I just wanted to find a job that was secure. I knew that, when the economy is good, you need a good tax accountant and, when the economy is bad, you need a better tax accountant! So, tax accountants are always in demand. As a tax professional, I understood I could build up my expertise with years of experience and create a career with unlimited longevity. That’s why I decided to become a tax accountant. However, after I actually started working, I found I really enjoyed my work. It’s a very challenging and interesting job. I need to know financial accounting, tax accounting and many legal aspects to be able to provide the best services to my clients. Besides that, I’ve been constantly challenged by each client’s unique situation. 

What personality characteristics make for an effective tax professional?

Attention to detail is very important. Being able to understand legal documents and effectively synthesize information is crucial. Being adaptive and having a strong desire to learn will help your career progress. These characteristics are helpful to any professional but they are particularly important for an effective tax professional.   

What do you like most about what you do?

Every client’s situation is different. That makes my job challenging and interesting. The desire to find the best solution for my client challenges me to acquire further knowledge and conduct research. Through different clients and cases, I can learn more and build up my understanding and knowledge of the tax world.  

What does a typical workday for you entail?

Serving clients is what I do all day. Some projects take weeks or even months to finish, but others may only take me one or two days. Before the project starts, there are many project management pieces. I’ll work with Managers to come up with staffing and  budget estimates, and acquire a timeline and data requests from the client. For each project, I need to go through the client’s financial data, identify tax sensitive accounts and apply tax laws to produce the most accurate tax returns as efficiently as possible. Prior year’s paperwork can provide a good start, but each year clients may have new situations or a change of tax laws that requires research on many topics.

However, my work does have season focuses due to various deadlines. In the first quarter, I get some returns out of the door, but most of my work will be on tax liability estimation and filing extension. In the second quarter, I focus on big entity returns. September and October will be busy because of final deadlines. During the last two months of the year, we prepare Texas franchise returns, fiscal year end returns, and participate in a lot of trainings.

What are some noteworthy experiences you’ve been able to have working at your firm?

I have participated in some partnership restructurings, which made me proud because the input from a tax accountant is valuable and can make a big difference in the deal and partners’ decisions. I’ve also seen some clients who did not get the tax experts’ opinion on the structure of the entity and ended with big financial losses and IRS penalties. I tell everyone, if you are starting a new entity or doing a restructuring, get your tax CPA involved early to avoid unnecessarily getting tripped up later!

Does a career in tax sound like something you’d like to pursue? Reach out to us! 

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A Day In The Life Of A Rice Business Student Athlete: Rodrigo Duluc

Follow Rice Business MAcc student and Rice baseball player Rodrigo Duluc as he shows you how to balance classes and practice.

A Day In The Life of A Rice MBA: Kavita Sinha

Kavita Sinha, Professional MBA ‘20, takes you to in-class projects, club meetings and team building at Top Golf.

Emily Romero, MAcc '20, starts her day with Audrey's Coffee, dines in Rice Village and unwinds at Partio!

Another One!

We are thrilled to announce that, for the third year in a row, one of our Rice MAcc graduates earned the prestigious Elijah Watt Sells Award. This is an extraordinary achievement, especially considering the purposefully small size of the Rice MAcc program. Interestingly, none of our three winners had an undergraduate degree in accounting. This demonstrates that students from any undergraduate major can excel in accounting!

About the Elijah Watt Sells Award

The Elijah Watt Sells Award program, established in 1923, honors the legacy of Elijah Watt Sells, one of the country's first CPAs. Every spring, the American Institute of Certified Public Accountants (AICPA) announces the winners of the award in recognition of outstanding performance on the CPA exam. Recipients must have passed all four sections on the first attempt and obtained a cumulative average score above 95.5.

Our 2019 Winner

Molly Garrison, winner of the 2019 Elijah Watt Sells Award, graduated in the Rice MAcc class of 2019. Almost 75,000 individuals sat for the CPA exam in 2019 with the award going to the top 137 candidates. That puts Molly among the 0.02% of 2019’s CPA exam takers! Prior to the Rice MAcc, Molly earned her B.A. in English and Psychology from Rice University. She is currently employed with PwC in Houston.

Our Previous Winners 

We are proud of all of our Elijah Watt Sells award winners. Our previous winners from the last two years are highlighted below.

Lauren Heller, Rice MAcc Class of 2018 
Lauren Heller, the recipient of the 2018 Elijah Watt Sells award, graduated from Rice University with a B.A. in Mathematical Economic Analysis before earning her Master of Accounting. Lauren is now a Private Equity Associate with Apollo Global Management Inc. in Los Angeles, California.

Travis Guzzardo, Rice MAcc Class of 2017
Travis Guzzardo was awarded the Elijah Watt Sells award for 2017. Travis earned a B.A. in Mathematics and Sports Management from Rice University before completing his Master of Accounting. He is currently employed with Deloitte in Houston, Texas.

Are you interested in getting qualified to sit for the CPA exam? Click here for more information about our admissions process. To find out whether the Rice MAcc is a good fit for you, reach out to us today!
 

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Sina Yilu, former Rice Business Full Time MBA student, discusses what makes Rice Business the best fit for him and the value of the MBA. 

Full-Time MBA student Kory Li was drawn to Rice Business because of our stellar academics, but he quickly found his place by joining the Energy Club and becoming president of the Wine Club!

After switching gears from public school teacher to public accountant, Sean Kim talks about why he joined the Rice Business MAcc program.