New York vs. Florida: where to take your tax career

Author Jon Mullins
November 12, 2024

When it comes to pursuing a career in tax, two states often rise to the top of the list: New York and Florida. Each offers unique opportunities, challenges, and lifestyle considerations for tax professionals. Whether you’re a fresh graduate or an experienced tax accountant looking for a change, understanding the nuances of these two states can help you make an informed decision.

The tax recruitment landscape in New York

New York is known as a financial powerhouse, with a vast array of opportunities in various sectors, including corporate tax, personal tax, and international tax. The state is home to numerous Fortune 500 companies, multinational corporations, and an extensive network of accounting firms, from Big Four giants to specialized boutique firms.

Pros:

  • Diverse opportunities: With a high concentration of industries, tax professionals can find roles in everything from finance to tech, real estate, and non-profits
  • Networking: Being in New York allows for robust networking opportunities with professionals across various sectors, leading to career advancement and collaboration

Cons:

  • Intense work culture: The fast-paced environment can lead to longer hours and higher stress levels, particularly in busy seasons.

The tax recruitment landscape in Florida

Florida, on the other hand, offers a different flavor for tax professionals. While it may not have the same density of corporate giants as New York, it is increasingly becoming a hub for financial services and tech companies. Additionally, Florida has no state income tax, which can be a significant draw for both individuals and businesses.

Pros:

  • No state income tax: This can lead to higher take-home pay, making Florida attractive for professionals looking to maximize their earnings.
  • Growing job market: With a booming economy, especially in cities like Miami and Orlando, Florida is experiencing growth in various sectors, including healthcare, tourism, and technology.

Cons:

  • Fewer opportunities in certain areas: While there are opportunities, Florida lacks the sheer volume of corporate tax roles compared to New York, particularly in high finance.
  • Emerging market: The job market may be less established than in New York, which can mean fewer resources for professional development and networking.

Career Advancement and Professional Development

Both states offer excellent opportunities for continuing education and professional development. New York hosts numerous seminars, workshops, and conferences, while Florida has several organizations dedicated to tax education and networking.

In both states, certification as a CPA (Certified Public Accountant) or a tax specialist can greatly enhance career prospects. New York may offer more immediate opportunities in high-profile firms, whereas Florida could provide a more relaxed environment for building your expertise.

How Brewer Morris can help you find your next tax career opportunity in the U.S.

Choosing between New York and Florida for your tax career ultimately depends on your personal preferences and career goals. If you thrive in a fast-paced, competitive environment and seek high earning potential, New York may be your best bet. However, if you value work-life balance, a lower tax burden, and a growing job market, Florida could be the ideal choice.

Both states have their merits, and your decision should reflect your professional aspirations, lifestyle preferences, and long-term career goals. No matter where you choose to establish your tax career, both New York and Florida have unique offerings that can lead to a fulfilling and successful profession in taxation.

If you are looking for a tax job in the U.S. check out our latest opportunities.

Alternatively, if you are a hiring manager looking to fill a tax role in the U.S., please submit a brief and a member of our team will be in touch.

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