Celebrating Excellence: Brigham Young University Triumphs
Brigham Young University Dominates Deloitte's FanTAXtic Competition
A remarkable event unfolded as Brigham Young University emerged victorious in Deloitte's 2025 FanTAXtic national case study competition. This annual competition centers on business tax simulations, and this year, it attracted teams from across the nation to showcase their analytical prowess.
A Unique Tax Challenge Awaits Students
Students were tasked with a complex case focusing on the implications of a potential alteration in corporate income tax rates. Each team had to assess whether establishing a new business entity would be more beneficial as a corporation or a partnership. They also calculated projections of taxable income based on various owner compensation strategies and dividend distributions, factoring in asset depreciation along the way.
Finals Hosted at Deloitte University
The national finals took place at Deloitte University, which serves as a premier venue for leadership and professional development in Texas. There, the finalists presented their analyses before esteemed judges from the accounting and tax sectors.
Recognition for Outstanding Performances
Carin Giuliante, chair and CEO of Deloitte Tax LLP, praised the students' technical knowledge and teamwork. She emphasized how such skills are foundational in building successful careers in the accounting profession. Giuliante remarked on the importance of investing in talent for the sustainability of any organization, highlighting the skills exhibited during the competition as a beacon of hope for the future of the industry.
Competition Results and Participants
The final standings revealed Brigham Young University as the first-place winner, with Baruch College and the University of Florida securing second and third places, respectively. Other notable participating institutions included Marquette University, University of Mississippi, and University of Tennessee - Knoxville, showcasing a diverse range of talent from all corners of the nation.
Building Connections Through Learning
John Barrick, an associate professor of accounting at the Marriott School of Business, emphasized the importance of this competition. He stated that it provides unique opportunities for students to connect with peers, faculty, and Deloitte professionals while gaining invaluable hands-on experience. This engagement not only hones their technical skills but also fosters creative problem-solving and collaboration.
The Importance of Tax Leadership Development
Katie Zinn, the chief talent officer at Deloitte Tax LLP, articulated the firm's commitment to nurturing future leaders in the tax profession. Year after year, the FanTAXtic competition plays an essential role in this mission. Zinn expressed her admiration for the collaborative spirit and innovative ideas that emerged from this year's participants, alluding to a bright future for aspiring accounting professionals.
An Expanding Legacy of Learning
This year marked a significant increase in participation, with over 315 students and 72 teams from more than 55 colleges and universities vying for the title. The competition saw a 12% rise in participants compared to the previous year, underlining the increasing interest in tax careers among students.
Deloitte's Commitment to Education and Growth
Since its inception in 2002, the FanTAXtic program has engaged over 7,118 students, demonstrating Deloitte's ongoing commitment to developing the next generation of tax talent. This initiative highlights the importance of education in preparing students for successful careers in business and tax.
About Deloitte
Deloitte stands as a leader in audit, consulting, tax, and advisory services, serving a diverse array of clients, including a vast majority of the Fortune 500. With a legacy of trust and confidence, Deloitte continues to impact society positively. Its global network, with over 460,000 professionals across 150 countries, focuses on helping clients navigate their challenges and leverage opportunities in an ever-evolving marketplace. This robust network illustrates how Deloitte is committed to creating meaningful outcomes for its clients and communities.
Frequently Asked Questions
What is the FanTAXtic competition?
The FanTAXtic competition is a national case study event that allows students to engage in tax business simulations, enhancing their practical skills in tax analysis.
How did Brigham Young University perform in the competition?
Brigham Young University won first place in the 2025 FanTAXtic competition, showcasing their exceptional analytical skills and teamwork.
What challenges did the teams face in the competition?
Teams were challenged to evaluate tax implications of corporate income tax rate changes and assess various business entity structures and owner compensation options.
How many teams participated this year?
This year, over 315 students from 72 teams participated in the national competition, reflecting a 12% increase from the previous year.
What is Deloitte’s role in the education of tax professionals?
Deloitte is dedicated to developing future tax leaders and ensuring students gain hands-on experience, networking opportunities, and skills necessary for their careers in tax.
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