Kpmg Us Master Tax Guide 2016
KPMG HONOR ROLL Training magazine has named KPMG to its Top 10 Hall of Fame, a designation reserved for the handful of organizations to achieve a Top Ten ranking on the Training Top 125 list four years in a row. Chief Learning Officer magazine ranked KPMG LLP higher than any other Big Four firm on its 2013 LearningElite list. One judge noted, 'The precision that KPMG Business School brings to all aspects of learning design, delivery and implementation is impressive.' Training by the Numbers LAST YEAR ALONE. Audit As a first-year Audit associate, you'll attend Audit Foundations, a dynamic, one-week program advancing technical, business and leadership skills as you address real-world case studies.
You'll attend a Road to In Charge program designed to deepen your knowledge of the audit, the industry you serve, and your ability to provide effective feedback. Every year following, you'll attend core training programs and choose from thousands of Web-based learning resources to continue building your skills and to move your career forward. Tax As a first-year Tax associate, you'll attend Tax Fundamentals, a two-week immersion program challenging you to think beyond the return and appreciate the impact of tax decisions. In the later years, you'll attend an in-person Tax Skills Seminar designed to help you develop a broad-based knowledge of technical issues and complementary leadership skills. Tools such as the will help you choose from thousands of Web-based learning resources to continue building your skills and move your career forward. Advisory As a first-year Advisory associate, you'll attend Advisory Fundamentals, a two-week intensive that includes training in the specific service you'll be providing in your first engagements and consultant skills you can apply to a wide range of future challenges. Within your first year (and in every year to follow) you'll attend in-person programs such as Advisory University, where you'll have the opportunity to design a training week based on your individual learning needs and interests.
The annual Advisory Learning Paths process will help you choose from thousands of Web-based learning resources to continue building your skills and move your career forward. CPA = AWARDS! KPMG's CPA Incentive Program can help you get your CPA license within your first two years of eligibility, which is determined by each state based primarily on the number of educational credits you've completed. Getting your CPA early can advance your career in many ways, including freeing up your time for other professional opportunities. KPMG awards $5,000 when you join KPMG with your CPA exam passed, or if you pass all parts of the CPA exam within your first year of employment or CPA exam eligibility, whichever is later. KPMG awards $3,000 when you complete and pass your CPA exam during your second year of employment or CPA exam eligibility, whichever is later. MEET YOUR MENTOR If you want the kind of networking that's got real impact, consider a mentor.
At KPMG, a mentor makes a long-term commitment to you and your future. With a mentor, you have regular, private communication that enables you to ask important questions, examine your goals and stretch your ideas about who you are and what you want to become. At KPMG, approximately 12,000 employees are involved in mentoring or being mentored. This commitment by mentors to give help, and willingness among mentees to take help, enables employees at all levels to benefit from the combination of inspiration and example that can create career champions. ANNUAL SUMMER LEADERSHIP CONFERENCE Future Diversity Leaders (FDL) begins with a three-day, annual summer leadership conference in Hollywood, California, focused on preparing high-achieving diverse students to be the business leaders of tomorrow. Students who successfully complete the leadership conference receive $1,000 scholarships and the opportunity to interview for summer internships in their office of interest.
Upon successful completion of the first internship, students receive another internship offer and are eligible to receive up to an additional $5,000 in scholarships. During their final summer before graduating, participants complete an internship in the practice of their choice working with KPMG client engagement teams.
Those who successfully complete all internships and maintain high academic achievement may receive full-time job offers. The FDL program is vitally important to KPMG's professional pipeline — helping the firm connect with the very best of diverse college freshmen and sophomores. THREE-DAY LOCAL LEADERSHIP PROGRAM KPMG's Discover is a three-day local leadership program that gives you the chance to explore your interests in public accounting, while gaining insight into the culture and career opportunities at KPMG. You can also expect to gain exposure to firm clients while participating in a job-shadowing experience, connecting with firm leadership, accessing to developmental resources, and networking with KPMG professionals and other top candidates in your field.
Most importantly, you'll receive answers to your questions about life at KPMG as well as an interview for an internship position. Discover KPMG is designed for students who have not yet been through the internship recruiting process, have approximately two years remaining of their education and will graduate with their CPA eligibility. THREE-DAY TRAINING FOR FUTURE KPMG INTERNS KPMG's Global Advantage (GA) program is another exciting enhancement to KPMG's award-winning training programs. GA is a three-day training for future KPMG interns that focuses on some of the key attributes of a successful KPMG professional. Topics covered in these sessions include Leadership, Self-Awareness, Interpersonal Impact, and Cultural Versatility. All sessions are led by National KPMG partner instructors.
The 2015 program location — Barcelona, Spain — also included several cultural and client experiences. Eligibility for this program is limited to students one year prior to their KPMG internship. The 2016 program, also in Western Europe, will include students from several KPMG European firms in addition to KPMG U.S.
CASE ANALYSIS WORKSHOP Ace the Case participants attend a Case Analysis workshop, Presentation Skills workshop and participate in a Business Case Competition. The workshops are lively, interactive sessions that teach business case analysis, including critical skills and processes to analyze and present an effective case. The Business Case Competition allows you to put your new skills to work immediately and get feedback from KPMG professionals. After completing Ace the Case, you may want to apply to KPMG's International Case Competition if your school participates.
It's a great way to practice for your future career. Bring Your Best A KPMG internship is a terrific way to learn business skills, find a mentor, build your network and get real-world (even global) experience before graduation. And it can often lead to a full-time job. Discover how an internship can connect you with the countless opportunities at KPMG. What makes a great internship? Through a KPMG internship, you can.
Start training: No other Big Four firm offers a consistent national training experience for all audit, tax and advisory interns. Meet your mentor: Pair up with a mentor who can inspire and guide your internship-and your career. Build a network: Start growing your professional network by interacting with KPMG senior professionals and employees worldwide.
Gain experience: By engaging with clients, you'll become more knowledgeable and more marketable. Explore career opportunities: Learn what it's really like to be an audit, tax or advisory professional.
And you may find yourself on the path to a full-time job offer. UNRIVALED TRAINING AND MENTORING KPMG's interns spend an exhilarating week of National Intern Training in Orlando, Florida. No other Big Four firm offers a consistent national training experience for all audit, tax and advisory interns.
You'll join your peers from around the country to enhance your leadership and communication skills and receive training specific to your chosen practice area. You'll even receive a gift card to jump start your professional wardrobe.
As an intern, you'll be paired with a KPMG mentor who is committed to you and your career. You'll communicate regularly to address important questions, examine your goals, assess your progress and stretch your ideas about who you are and what you want to become. OUR GLOBAL INTERNSHIP PROGRAM Our award-winning Global Internship Program (GIP) gives top college students the opportunity to work abroad and see what it takes to be a global professional. After starting your GIP internship at a KPMG office location in the US, you'll spend four weeks on assignment with international teams on major client accounts, with a global support network there to guide you every step of the way. KPMG clients and the capital markets are becoming more international every day.
The GIP is a great first step for future accounting professionals. BUILD YOUR OWN INTERNSHIP Our Build Your Own Internship Program (BYOIP) enables you to intern with KPMG in two practices chosen from audit, tax or advisory.
One practice provides your 'core' experience; the other provides 'developmental' experience in which you'll work on a variety of client engagements. KPMG is the only one of the Big Four to offer a national split internship program. Explore your options while being exposed to multiple practices early in your career.
You'll find great networking opportunities with employees, clients and firm leadership, and you'll have a performance manager and a mentor to guide you along the way. BYOIP Snapshots.
Kpmg International Tax Guide
Meghan, Washington DC Participating in the BYOIP greatly enriched my internship experience and provided me with more direction for my short- and long-term career goals. Before beginning my internship, I was unsure if I wanted to pursue audit or advisory for a full time position and even more apprehensive about whether I wanted to sit for the CPA. Because of BYOIP, I was able to gain hands on experience in both practices. I learned for myself the ins and outs of the day-to-day for each practice and was able to decide for myself which line of business I want to begin my career in. Because of the BYOIP, I am more confident in my decision to pursue the Federal Audit practice for a full-time position. I can now say I truly understand and appreciate the value of being able to think as an auditor.
Beyond gaining technical experience, BYOIP allowed for me to meet many more people throughout the firm than had I only interned within one practice. I had the opportunity to be on four engagement teams throughout my internship and was able to connect with individuals at all different levels within the firm. I was exposed to a variety of opportunities within KPMG and what really struck me was how each individual I spoke with had a different career path.
Listening to and learning from these individuals' unique paths demonstrated to me KPMG's commitment to their employees' personal and professional development. Overall, this internship has been a phenomenal learning experience unlike any other.
While the hands on work experience was incredibly valuable, experiencing the culture of KPMG, by far and away, made the internship for me. The people who directed, taught and guided me throughout this internship demonstrated what it is truly like to work at KPMG and why I want to work for this firm. Meghan, Washington DC BYOIP Intern Federal Audit with Federal Advisory Rotation. Kathleen, Chicago BYOI gave me an appreciation for both tax and audit and let me decide which one I liked more, despite influence from others' opinions. People often advised me one way or the other; I often received the following common messages: 1) Tax is technical; if you like deep dives into one topic, tax is for you. 2) Audit gives you great exposure to a company and its industry; if you want a broad understanding of an industry, audit is for you.
Throughout my experience in each, I came to understand why people say that about both but was also able to form my own perspective. I really appreciated the opportunity to gain exposure to both tax and audit work as well as people in each function because choosing a career is a big decision, and I wanted to make sure I did my research and chose the right path. However, some of the best advice I received at KPMG is that nothing is permanent. I spoke with a partner who left me with the understanding that although you have to pick one, at KPMG, as long as you perform well, you can change your mind. You aren't stuck, and you can take advantage of a wide range of opportunities, and for that I am thankful.
Kathleen, Chicago BYOIP Intern Federal Tax with Audit Rotation. Louis The Build Your Own Internship Program (BYOIP) was the perfect way to get the experience of working in two different service lines during one internship. Like many, I was unsure of exactly which service line I would enjoy working in the most. The BYOIP gave me the opportunity to experience IT Advisory and Audit in just one internship. Being new to IT Advisory and only having a limited knowledge of the field, my team members, ranging from associates all the way up to managers, were more than willing to spend time with me to answer any questions I had.
Additionally, everyone was happy to share their thoughts on the career, the firm and the overall industry. This gave me a tremendous amount of insight into life at KPMG and life in IT Advisory. Likewise, the Audit team that I worked with gave me a look into life as an auditor. They talked extensively about the challenges and opportunities they face on a daily basis. Many of their stories gave me a good reference as I began to determine where I thought I fit best within KPMG. My main goal going into the BYOIP was to gain an understanding of IT Advisory and the differences between IT Advisory and Audit.
Having an accounting background, I tended more towards the traditional audit career path. However, the BYOIP exposed me to a completely different career path that I had not previously considered. Not only did I gain the exposure, but I now have opportunities that I would never had without the BYOIP. The BYOIP is an excellent opportunity for anyone considering multiple service lines.
It allows you to develop your core service line while exploring other opportunities within the firm. The great thing about KPMG is that everyone is more than happy to help you find the service line in which you fit best. KPMG truly cares about finding the right fit for you and for the firm. Louis BYOIP Intern IT Advisory with Audit Rotation. Kenneth, New York The BYOIP was a great personal and professional experience that I will be able to apply to my career going forward. Through the time that I've participated within this program, I had the opportunity to join an Audit engagement for my Developmental Service and Tax for my Core Service Line.
Both service lines revolved around the asset management industry. I was able to take theory and concepts that I've learned in the textbook at school and apply them into real life experience. In addition, the networking experience that was granted was also valuable. I was able to build personal relationships with individuals in different service lines that I otherwise would not have had the opportunity to. Also, I was able to learn from these individuals and apply different methods and habits that can help me throughout my career within public accounting. One of the key lessons that I've learned is that no matter which service line that I was assigned to, the habits and traits that make a person successful within this company is very much common.
I noticed the level of commitment and focus that is necessary on a daily basis, and also the time management and efficiency that is needed to complete a task and maximize the productivity of a work day. As a result of participating in the BYOIP I was able to better assess the opportunities that are available within KPMG and build many skills that are necessary to become a successful full time associate. As a result, I enjoyed the experience and am proud that I was able to participate in KPMG's BYOIP. Kenneth, New York BYOIP Intern Tax with Audit Rotation.
Christopher, Baltimore My BYOIP experience was definitely a unique one. Originally I wanted my Developmental Service Line to be in Advisory; however, after taking and really enjoying my corporate tax class, I decided to make a last minute switch and I was very fortunate that KPMG was able to accommodate my request. I think the BYOIP is very effective for interns for two main reasons: 1) It allows interns to gain experience working in two different lines of service in order to develop a better understanding of each practice; this in turn enables them to make a more informed decision when it comes to picking a permanent service line and 2) It gives interns additional exposure to networking opportunities among the firm's clients, KPMG leadership and peers. My BYOIP experience has helped me better prepare for my future career as I got to experience first-hand how each service line works and interacts with clients. This real life experience has helped me to reaffirm my decision to begin my career in the Audit Service Line. However, because of the opportunity I had to spend time in the Tax Service Line, I could definitely see myself also working in tax in the distant future. I am very grateful to KPMG for giving me the opportunity to participate in the BYOIP.
Christopher, Baltimore BYOIP Intern Audit with Federal Tax Rotation. Annica, Philadelphia As an undergraduate student, there could not have been a better way to explore future options within accounting than being a part of the Build Your Own Internship Program (BYOIP). My Core practice was in Federal Tax and my Developmental service line was in Economic Valuation Services (EVS). Throughout the process I was fortunate enough to have two sets of PMLs, mentors, and buddies, they made my transition in both service lines as smooth as possible and helped me along every aspect of the way. My mentors, assistant coaches as well as my PML were great at always staying in touch and just taking a few minutes out of their day to ask me how things were going. Over the course of 4 months, I have consistently felt such a caring and open culture here at KPMG.
Some day to day activities that I did in my core practice that differed from my developmental, were simple things like using different software and completing different types of assignments. In Federal Tax, my day typically consisted of working on individual returns and preparing partnership returns. Whereas in EVS my daily tasks were comprised of finding real estate and business comparables, writing economic and industry overviews, as well as appraising property. Beneath it all working in a group, communicating with others, and just having a good attitude were fundamental underlying aspects to any of the groups I was a part of.
Throughout my internship the biggest takeaway for me was I learned how to think. I realized I needed to always ask 'why?'
Tax Guide 2016 Pdf
Something was being done and how that affects the big picture. Asking the right type of questions has been a new way of thinking but it has helped me learn so much within the past four months of my internship. Overall, I had a wonderful experience and really understood what KPMG was all about. I couldn't have asked for a better support group as well as better engagement teams throughout my journey. Annica, Philadelphia BYOIP Intern Federal Tax with Economic & Valuations Services Rotation. AN INTERNSHIP THAT INSPIRES CHANGE In cooperation with First Book, KPMG's Family for Literacy (KFFL) provides children from low-income families with their own new books. In addition to raising money, KFFL volunteers visit classrooms, read to children and deliver 2.5 million new books throughout the US.
KPMG Interns for Literacy enables you to participate in KFFL and practice KPMG's core values. You'll work with a team to plan, coordinate and complete an innovative literacy project. You can also enter to win a service trip to New Orleans, where you'll take community service to an even higher level. Serving one of today's global companies often requires more than a deep knowledge of accounting. Our increasingly data-rich world often dictates that industry professionals be savvy about data and analytics (D&A), plus have the critical thinking skills needed to translate data patterns and anomalies into relevant and meaningful business insights. As a recognized leader in audit, tax and advisory services, KPMG has worked with the country’s leading business schools to create this forward-thinking program.
This powerful combination of a D&A-focused accounting curriculum, practical use of the latest analytics technology, and real-world experience working with KPMG's clients is critical to any student planning a career in our highly complex business world. The KPMG Master of Accounting with Data and Analytics Program (the Program) is the first-of-its-kind to provide: Specialized Knowledge: The demanding coursework at participating universities will go beyond traditional accounting principles and tax regulations to include technologies and methodologies used in today’s highly complex, data-centric accounting environment. Financial Assistance: For KPMG-sponsored students, KPMG will pay tuition, and reasonable costs for room and board, books, and fees.
Yet we believe the true value of the Program to be significantly more, considering the lifelong dividends gained from having earned a one-of-a-kind graduate degree in accounting that focuses heavily on D&A and advanced technical skills. Work Experience: For KPMG-sponsored students, the Program includes a D&A-focused internship (audit or tax) as well as a full-time position (audit or tax) with an opportunity for an accelerated career track at KPMG for high performers. KPMG-sponsored students will also have the opportunity to participate in leadership development programs, mentoring relationships, key assignments, and national and global opportunities all designed to place them in the position to be future leaders of KPMG.
ADVANCED D&A CURRICULUM The demanding coursework at participating universities goes beyond traditional accounting principles and tax regulations to include technologies and methodologies used in today's highly complex, data-centric accounting environment. Students will gain advanced skills through a combination of classroom and hands-on learning, utilizing KPMG's advanced proprietary tools and complex data sets. Each university has integrated KPMG's Program to fit within its Master of Accounting or Master of Taxation degree for the required 30 units of credit. The coursework includes subjects such as those listed below:.
Data Analysis and Visualization. Systems for Data Analytics. Auditing through Information Systems. Probability and Uncertainty and Statistical Decision Making. Auditing with KPMG Automated Audit Procedures.
Innovation and Emerging D&A and Cognitive Technologies. The Future of Data and Analytics in the Tax Practice. Data Mining for Business Intelligence. Fraudulent Financial Reporting D&A Audit Case Study Now Available! KPMG, in collaboration with accounting professors, is integrating data and analytics into the financial statement auditing classroom.
Visit today to register for access to the Urgent Medical Device, Inc. Case study and other instructor resources. Realizing Your Full Potential All of the connections you've made as a student will ultimately lead to the potential of finding a full-time position within our firm. A career with KPMG can give you the opportunity to be part of a team that values and encourages an innovative and transforming culture, where you can create lasting change.
Whether you're just getting to know us in the early years of a bachelor's program or you've experienced our dynamic work environment as an intern, KPMG is ready to help you realize your full potential through a full-time position. At KPMG, we recognize the tremendous value advanced degree candidates bring to our firm and our clients. While most would recognize us as one of the Big Four accounting firms, we also provide exceptional opportunities for MBA, experienced Masters, PhD and Law candidates in our Advisory, Tax and Innovation and Enterprise Solutions functions.
Working for KPMG means you get the best of both worlds; dynamic and challenging consulting opportunities, with the ability to tap into the client base, industry and organizational expertise, as well as, the vast resources of a multi-functional and international firm. Hiring Functions.
2016 Federal Tax Guide
Innovation & Enterprise Solutions. Business Support Services Who we're looking for:. MBA—3-5 years of experience. Masters—3-5 years of experience. Ph.D. KPMG'S Japanese Practice Like companies throughout the global marketplace, Japanese companies are seeking ways to address emerging trends and manage risk driven by economic uncertainty.
For Japanese — companies in the United States, this can be especially challenging. These companies also must deal with the evolving U.S. Regulatory environment, compliance across multiple tax jurisdictions, transfer pricing issues, and the looming transition to IFRS. This is where the insight and guidance of a skilled adviser can help an adviser such as KPMG LLP's Japanese practice. The professionals in our Japanese practice understand the relationships between U.S. Operations, parent companies, and global affiliates, and can provide a broad range of Audit, Tax and Advisory services to Japanese companies operating in the United States.
Read More About KPMG's Japanese Practice. We also work closely with KPMG International member firms in Japan and around the world to coordinate services with bilingual professionals in each region to provide cross-border services.
As a result, we can help companies with issues such as:. Complying with multiple tax jurisdictions.
Implementing transfer pricing policies. Preparing for IFRS conversion. Remaining current with changing audit principles. Evaluating IT effectiveness Participating Offices. Atlanta, GA. Chicago, IL. Columbus, OH.
Los Angeles, CA. Silicon Valley, CA Contact us to learn more about the positions currently available in our Japanese Practice. Your Team. Teams must have four members. All participants must be intended or declared business majors, with at least one intended or declared accounting major (We strongly recommend at least two). Some advanced degree candidates may not be eligible (e.g., traditional MBA students). For details, email your KPMG contact or inquire at the campus information session.
Teams may have no more than one member who has previously participated at the national level. Past national winners may not compete again. All team members must have valid passports so they can compete at the international finals.
2016 Africa Indirect Tax Country Guide Seven of the world’s fastest growing economies are in Africa. This makes Africa a key strategic growth imperative for most global corporations who would, while conducting their business operations, ultimately create a Value Added/Goods and Sales Tax (VAT/ GST) footprint. Realizing the potential for indirect taxes to contribute a higher proportion of the total tax revenue, African governments are now placing or seeking to place high reliance on such taxes to meet growing revenue needs. Finance and Tax Directors of corporations operating across Africa should therefore ensure that the people, systems and processes in their organization can predict and respond to VAT/GST changes that will impact on their operations and internal systems as a result of changes in law, policy and practice. Africa Incentive Survey 2016 The purpose of the Africa Incentive Survey is to understand the landscape of incentives offered by African countries, both to local and foreign investors. Whilst in an ideal world, information relating to all countries in Africa would have been included in a survey, for a variety of reasons (including time limitations), this survey contains information across 28 countries in Africa, which represent 81% of Africa’s USD 2.4 trillion GDP and which are home to three-quarters of Africa’s 1.2 billion population. More than a third of the 28 countries surveyed have incentives relating to manufacturing.
It appears that African countries are reforming the incentive policies on manufacturing to attract manufacturing Foreign Direct Investments into their countries. African Economic Blocs Nigeria, South Africa and Morocco are notably the only countries in Africa that offer cash grants in addition to tax incentives, all of which require government approval. The countries participating in this survey have achieved an average growth in GDP of 9% between 2012 and 2014, while their population have grown by 43.2 million to just under 870 million people during this period. What this means is that the sheer size of the population in Africa (approximately 18% of the world’s population) and the opportunities it affords to businesses, cannot be ignored. Please click on the links below for free download of the documents. About Femi Oke Relentless passion for creativity and digital acumen to help a professional services firm thrive in the digital space.
Femi is an individual with a rich experience on regional African knowledge, its diverse business culture and he understands the continent’s economic drive. He thrives on selfless service and lasting mutually beneficial relationships with colleagues and especially clients encountered in the course of his duties.
He is creative, practical and self-motivated with business judgement in corporate, brand and strategic communications, social, digital & traditional media and executive profiling. Roles in the firm include New Media, Digital Communication, Corporate Communication, executive profiling and Brand Management execution. Working on the multi-million dollar Africa high growth market project stands out for femi; besides this, managing all KPMG’s digital communication for the World Economic Forum on Africa is another project that gives him great delight. Femi holds a Masters Degree in Global Marketing from the University of Liverpool.