Louisiana Tech’s accounting team advances to the Nationals of Deloitte FanTAXtic competition

Students from Louisiana Tech University’s School of Accountancy compete in the Deloitte FanTAXtic National Competition, an annual case competition aimed at educating and preparing the next generation of tax talent for careers in business and tax.

Led by Assistant Professor of Accounting Dr. Nina Collum, accounting majors Ashton Owens from Houston, Texas, Andrew Falcon from Mire, Tanecia Boone from El Dorado, Arkansas, Madeline Townsend from Hattiesburg, Mississippi, and Katelyn Victor from Winnfield participated in the virtual competition. The group was one of just 16 teams from the regional competition selected to advance to the national championships, taking place at Deloitte University in Westlake, Texas in January.

“As the team captain for the competition, I was able to learn more about accounting and tax areas that I hadn’t been exposed to before,” said Owens. “When I went into the competition I knew it was going to be a challenge, but I didn’t realize how much I would learn. This experience was an incredible learning and networking opportunity, and representing Louisiana Tech was rewarding.”

FanTAXtic’s interactive program includes case simulations, role-plays, and presentations that provide students with insight and perspective on the challenges facing the profession today, future trends that may influence it tomorrow, and the overall changing corporate tax market. Deloitte tax professionals will attend the event and provide students with support and guidance throughout the competition.

Tech’s five team members worked together to solve a complex reality-based business case simulation and then presented their results virtually to the jury.

For Boone, interacting with advisors and judges from Deloitte’s team was the most rewarding part.

“The people we came into contact with throughout the experience have always been so kind and encouraging,” Boone said. “Your guidance and encouragement helped ease anxiety and allowed us to do our best.”

Owen agreed. “Having the opportunity to work so closely with Deloitte’s tax experts throughout the competition was a great opportunity to network and learn from others who have experience in tax and the world of public accounting.”

While taxes were the focus – concepts ranging from C and S corporation taxation to various deductions – the students were able to learn much more from this experience.

“I learned how effective communication is in a team,” Boone said. “Working with four other college students, who all have busy schedules, was difficult, but with a lot of communication and effort, we were able to achieve our goals.”

As the underclassman on the team, Victor realized that competition was a challenge she could grow on. “I always tend to play it safe, but now I know things like this are possible and it has given me more confidence. The Deloitte jury really settled into the role, which made presenting less scary. They also gave us good advice and words of encouragement, for which I am grateful.”

Regional FanTAXtic events are held annually across the United States. Up to 16 regional teams are then selected to advance to Deloitte’s national FanTAXtic competition, held annually in January. These teams compete for more than $50,000 in individual prizes and institutional prizes provided by the Deloitte Foundation. Sponsored by Deloitte Tax LLP and supported by the Deloitte Foundation, FanTAXtic has engaged more than 6,000 students since its inception in 2002.

About the business school
Through market-driven academic programs, impactful scholarships, and a student-centric culture, Louisiana Tech University’s College of Business trains business and academic leaders who are innovative, entrepreneurial, and analytically and technologically adept for a globally competitive marketplace. Our graduates build on a vibrant community of lifelong learners and are prepared to make a positive impact on business and society. Accredited by AACSB International, the college offers eight undergraduate programs in addition to the Master of Business Administration, Master of Accountancy and Doctor of Business Administration degrees. Visit business.latech.edu for more information.