A Career in Tax
- Why a Career in Tax?
- Rewarding in every way a career should be
- What is the Tax profession?
- The Tax Institute's Careers Guide
- Tax Careers for Graduates and Students
Tax affects everyone - how much you earn, spend and invest depends on various aspects of the tax system. Tax is part of government, business and indeed everyday life. That's why intelligent and experienced tax professionals are always highly sought after.
Tax professionals enjoy a fulfilled career, filled with complex, technically challenging work, a chance to get inside the client's business and affect and implement significant business decisions, opportunities to build vast networks and opportunities to develop significant management and leadership skills.
Australia's tax system is one of the most complex in the world. Your clients will rely on your expertise and advice in managing their tax obligations and associated risks.
As a tax practitioner you may one day lead your own team or even your own firm in engaging with Australia's premier businesses to develop creative solutions for your client's problems.
Rewarding in every way a career should be
Professionally rewarding: develop a large range of technical, business and problem solving skills that you will use throughout your developing career. Tax is an exciting blend of legal and/or accounting analysis and business acumen. Businesses rely extensively on and highly respect their tax advisors. Tax practitioners also typically enjoy real job security.
Financially rewarding: Tax professionals posses vastly specialized knowledge which is usually further developed through significant technical training and further study. This knowledge coupled with business skills ensures that tax professionals are financially rewarded for the value they bring to the table.
Personally rewarding: Being part of the tax profession requires you to change and adapt to constantly changing tax laws. Each change poses a chance to learn and grow, and a chance to expand your practice. You will constantly engage with new and challenging problems and develop crucial business skills, making for a rewarding work life.
What is the Tax profession?
The 'tax profession' encompasses all the qualified individuals who provide advice to their clients on their tax obligations.
This tax advice can take the form of legal analysis and formal advice, performing or assisting with compliance obligations or designing/reviewing the system used by your client to manage tax risk.
Historically, the tax profession has been comprised of lawyers and accountants operating in the tax field. Recently, the Government set up the Tax Agent Services Regime under which Tax Practitioners (regardless of their educational background) can each be recognised as a 'tax agent'. This certification (which is backed by standards of entry and a code of conduct) has captured the professional identity of tax advisors. This identity is based on respect and understanding of the unique and specialised work performed by tax professionals and the integral role tax practitioners play in the transactions, businesses and individuals whose tax affairs they advise on.
Whether a practitioner is involved in making tax law (at Treasury for example), implementing tax law (at the ATO) or advising on tax law, each practitioner shares in the identity of the profession and a thorough understanding of our tax system.
Tax affects everyone. It is part of government, business and indeed everyday life - and that's not about to change. That's why intelligent and experienced tax professionals are always highly sought after.
Tax professionals enjoy complex problem solving and technical calculations, applying changing legislation, tackling strategic planning issues, developing information management systems, and leading teams in developing creative ways to solve client problems.
The Tax Institute's Careers Guide
The Tax Institute's Careers Guide is a complete guide to all of the career options available in the tax field. With information about key players in the industry along with areas of employment and job roles, it contains all you need to know if you're considering a career in Tax.
To receive a complimentary copy of The Tax Institute's careers guide, please email us.
Tax Careers for Graduates and Students
If you are a student at university, The Tax Institute can help you progress in your career journey.
Your degree puts you on the path for your career but doesn't exactly open every door. From here on, the journey is about making the right choices, working with the right companies, and absorbing the expertise of industry professionals. And it's about gaining the professional edge that will help you secure a strong place in business.
The Tax Institute offers FREE student membership with a unique opportunity to access the most current developments within the tax field. It also offers postgraduates courses to help you link your academic studies to the workplace and the opportunity to find jobs in the taxation field.
For more information on the benefits of Student Membership, or to apply for free student membership click here.
From time to time will be advertising Graduate positions and work experience opportunities for Students in their final year of study. Click here to view current job opportunities.
The Tax Institute’s Careers Guide is a complete guide to all of the career options available in the tax field. For your complimentary copy, simply join the Tax Institute as a Student Member.