Thursday, 6 October 2016

Your new career in tax - what to expect


If you’re an accounting or law student considering a career in tax, you no doubt anticipate a big difference between life on campus and work in the ‘real world’.

You know there’ll be a change from focusing on theory to applying your expertise pragmatically in the context of diverse client challenges.

So how can you ensure the transition from life as a full-time student to that of a full-time tax professional is as easy and pain-free as possible?

Here are a few suggestions.


Seeking help


Your first job is a key step in shaping your career. Each new experience will offer an opportunity to learn, build practical skills, establish rapport with team members and expand your taxation knowledge.

So try to pick up as much information as you can by asking questions and seeking assistance as you need it. You’ll find that most of your new colleagues will be happy to help. They’ll prefer you learn the right way at the beginning, rather than fix problems later.


Your activities


In many graduate or entry-level roles, you’re likely to be given a variety of tasks.

These might range from research and administration through to practical activities like preparing tax returns and business statements. At the same time, you may receive formal training, workplace mentoring or coaching by senior staff, as well as opportunities to attend client meetings and industry events.

These all represent a chance to establish a firm grounding in best practices for preparing work, building communication skills and understanding business etiquette and due diligence.


Learning to work and working to learn


In the early stages of a new job, you’ll be proving your worth to your new organisation. So prepare carefully, adhere to processes and ask questions if you’re not sure about something.

You’ll be learning to function as part of a team. It helps to be flexible and to see your colleagues and your manager as your partners in achieving a common goal.

Don’t despair if the work doesn't initially meet your expectations – for example, it may not be as challenging as you’d like. The sooner you learn all about the company’s clients and business, the faster you’ll be considered for advancement.

In particular, when you have the chance to attend meetings, use these experiences to learn from your colleagues. Observe how they explain issues to clients, manage expectations, set clients at ease and solve problems.


Updating your knowledge


To distinguish yourself from others in your field and ensure your career progression, it’s important to maintain a solid technical base and knowledge of tax law.

On-the-job training – and formal development programs offered by The Tax Institute and other professional bodies – are invaluable. Tax is a specialist area that’s subject to continual changes in law and practice, so continuous reading is also required to stay up to date.

Transitioning successfully from university life to the workplace is all about being prepared, taking time to understand the experiences of others in the profession, getting to know more about your organisation and your clients, and approaching every task as a learning opportunity.

 Student membership

Give yourself the edge with free Student Membership

If you're a tertiary education student, The Tax Institute can help you in your career journey. Find out about Student Membership.

13 comments:

  1. Career planning is very important. Before starting some business or new career you need to take the opinions of others by my assignment help australia site. Because these are the biggest decisions of life. Which needs to be taken with full are attention. Hence, we must refer to the career counselors before making some decisions regarding this.

    ReplyDelete
  2. very useful tips! I found your website perfect for my needs.I always like your article... Professional Essay Writers Online

    ReplyDelete
  3. We are well aware of the fact that each assignment comes with its own demands, depending upon the nature of the subject and the individual requirements of your subject teacher.write my assignment for me That’s why we make special arrangements to ensure that when students get back their completed work, they find them to be exactly the way they want.

    ReplyDelete
  4. I have tried to read the complete instructions on the Seamans book which provides the options of getting the visa facilities of different countries. I have tried to find out some useful written information on the https://kuulpeeps.com/2021/04/26/these-are-top-freelance-jobs/hustle-hacks page which provides the quick review option of any writing service content which can be used by many people while doing any kind of writing work.

    ReplyDelete
  5. Very good write-up. I certainly love this website. Thanks! Walmart Card Activation

    ReplyDelete
  6. A natural aphrodisiac royal performance honey that gives you energy and relief from erectile dysfunction and enhances both female arousal and male performance

    ReplyDelete
  7. Compared to concrete pavements, CBT is an affordable and time-saving solution for a variety of construction projects that rely on evenly distributed load-bearing platforms to remove sub-grade fatigue. What’s more, it has been demonstrated that CBT exceeds the structural proprieties CEMENT TREATED BASEof a thicker crushed aggregate base, making it a standard choice for modern road construction. For more visit to our website.

    ReplyDelete
  8. Come check out our latest in designer and brand name eyewear! Whether you’re getting a cool new pair of sunglasses or a spare pair of computer glasses, you will find what you’re looking for at Envision Eye Care. Come check out our latest in designer and brand name eyewear! Whether you’re getting a cool new pair of sunglasses or a spare pair of computer glasses, you will find what you’re looking for at Envision Eye Care.Eyewear gallery Edmonton

    ReplyDelete
  9. Hasten is uniquely positioned to maximize the success of its customers by utilizing its vast network of relationships along with its unwavering focus on its core principles of honesty, reliability, quality, credibility, and trust. With the goal of providing quality products, safely, and on a timely basis, Hasten will ensure you are satisfied with the end result.
    soil stabilization texas

    ReplyDelete
  10. We provide stone installation Edmonton and marble tile installation Edmonton for specialty flooring in the area. You will always find the best deals and information to make a wise choice. As stone contractors in Edmonton, we provide sales and service teams expertly trained to help you choose the stone, granite, marble, or other flooring or wall covering you have in mind to complement your decor, your lifestyle, and your budget. When you’re considering tiling an entire bathroom or a kitchen floor or even a modest new backsplash or replacement, depend on the best stone installers Edmonton to provide a superior job doing your tile or granite wall installation.
    Quality Edmonton Stone Contractor

    ReplyDelete
  11. Your forum is super. I like to look for new information for myself. It helps me be a better student. I'm glad I found answer my exam questions https://123helpme.org/articles/answer-my-exam-questions/
    This is the best service where I can get extra help before my exams.

    ReplyDelete
  12. Looking for the best London Electricians turnout to electricians near me
    GripElectric for all-electric needs.Best Electrical Contractors in the UK by GripElectric.

    ReplyDelete
  13. Why should you choose My Assignment Experts for php assignments
    Service Online? The most unique features of our writing assistance team are that write impeccably, well styles, referenced, and custom-made assignments on time.

    ReplyDelete