Why become a tax agent?
Published: 21 Feb 2023
Navigating the complex world of taxation can be an overwhelming task for individuals and businesses alike. To ensure compliance and optimise financial outcomes, many people turn to tax agents for their expertise. Being a tax agent can mean a busy and varied career, and includes offering professional services related to calculating or advising on liabilities, obligations or entitlements of clients under a taxation law, or representing entities in dealing with the Commissioner of Taxation.
In this article, we explore why becoming a tax agent in Australia can be a rewarding career choice and how The Tax Institute Higher Education can guide you on this path.
High Demand and Job Security
Tax is an essential component of any modern society, and the demand for skilled tax professionals remains strong. By becoming a tax agent, you enter a field where expertise is valued and in constant demand. With Australia's consistently changing complex tax laws and regulations, businesses and individuals require knowledgeable professionals to guide them through the intricate tax landscape. By embarking on a career as a tax agent, you secure a stable and promising future, with a variety of specialisations.
Endless Learning Opportunities
The world of tax is dynamic, with laws and regulations constantly evolving. To stay ahead in this ever-changing field, lifelong learning and continuing professional development are crucial. The Tax Institute Higher Education offers a range of programs and individual subjects that can equip you with the skills and knowledge needed to thrive as a tax professional. Programs cover diverse tax topics, including income tax, GST, superannuation, corporate tax, and more, ensuring you have a solid foundation in all aspects of tax.
Nationally Recognised Accreditation
To become a registered tax agent in Australia, you need to meet certain requirements set by the Tax Practitioners Board (TPB). The Tax Institute Higher Education offers subjects that align with the TPB’s educational requirements, providing you with the necessary qualifications to pursue registration. By successfully completing the Tax Agent Program, you not only gain the knowledge and skills required for the role but also enhance your credibility as a professional tax agent.
The program delivers real-world skills and knowledge, as well as an understanding of the concepts and practical applications of tax law in Australia. You may be eligible for recognition of prior learning based on your previous studies if you have completed board-approved units recognised by the TPB.
Visit the TPB to find out if you are eligible.
Networking and Community
Building a strong professional network is essential for any career, and the tax industry is no exception. As a Tax Institute Higher Education candidate, you are entitled to discounted membership of The Tax Institute. Membership offers discounted registration to various events and conferences, which offer plentiful networking opportunities – allowing you to connect with like-minded professionals, industry experts, and potential clients. Engaging with the Institute's community provides you with access to valuable resources, insights, and collaborative opportunities that can significantly enhance your career prospects.
Professional Growth and Advancement
The tax profession offers ample opportunities for career growth and advancement. With The Tax Institute Higher Education's range of programs and individual subjects, you can continuously upskill and expand your expertise. As you gain experience and deepen your knowledge, you can take on more challenging roles, such as tax consulting, leadership positions, or even starting your own practice. Completing structured learning ensures that you have the tools necessary to excel at every stage of your professional journey. Studying with The Tax Institute Higher Education also allows you to achieve more than one professional outcome by completing the same subjects. Popular program combinations are the Tax Agent Program with the Graduate Diploma of Applied Tax Law or the Chartered Tax Adviser Program. Speak to us today about entry requirements and your eligibility to undertake two programs simultaneously.
Fast facts about the Tax Agent Program
Here is a breakdown of the program structure:
- Subjects: 6
- Delivery: online
- CPD: 30 structured hours per subject
- Commencement: 3 study periods per year
What you’ll learn:
- How to explain the basic structure of tax and compliance obligations
- The ethics and professional responsibilities of a tax professional
- How to advise on the tax impacts of commercial and property transactions
Subjects included in the program:
If you are required to complete a Course in Australian Taxation Law or a Course in Commercial Law approved by the TPB, this program will meet those needs.
Course in Australian Taxation Law
Course in Commercial Law
• ATL002 CommLaw1 Australian Legal Systems
• ATL005 CommLaw2 Entities and Business Structures
• ATL006 CommLaw3 Property Law
Becoming a tax agent in Australia is a rewarding career choice, providing job security, continuous learning, and significant growth opportunities. Embark on a fulfilling career as a tax agent with The Tax Institute Higher Education and unlock your true potential in the dynamic world of taxation.
Learn more about the Tax Agent Program.
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