Wednesday, 16 August 2017

Career alternatives for tax graduates


An assumption often made about students pursuing a degree in tax is that they’re on the fast track to a certain career in accountancy. However, not every tax graduate follows suit. So what are some of the other career options available?

Tax-based education gives you a unique combination of skills, including the ability to be a team player, the ability to not be a team player, communication skills, research skills, maths skills, analytical skills and commercial awareness. The combination of these means you’re equally well prepared for a numerical, analytical or communication-based role. After completing postgraduate tax training, you are spoilt with a unique spread of career options.

Here are five paths you might consider.

Wednesday, 9 August 2017

You have just 7 seconds to make your CV shine


by Simon Cauchois *

Your potential new boss spends an average of seven seconds looking over each CV before deciding who to interview, according to studies. That means you need to make an incredible first impression to stand any chance of making it through to the next stage.

There are several simple but effective ways for your CV to catch the recruiter's eye.

Put your best assets at the top. Start your CV with a summary of your top skills and accomplishments. This will grab the boss's attention and make the right impression. Many CVs start with data such as qualifications and work experience, so give yours the personal touch. Tell them about your strong skills, such as being great with people, your enthusiasm for your work and your unique selling points such as being a first-class website designer or imaginative sales assistant with an eye for window dressing.

Tuesday, 25 July 2017

What is active listening and how can you master it?



Active listening is a cornerstone of effective interpersonal communication. It’s therefore an essential skill for tax professionals.

Active listening involves both hearing what your client or colleague is saying and letting them know that you hear what they’re saying.

It helps you to build rapport with your clients and colleagues. It demonstrates your respect for them. It also helps you to earn their trust.

They’ll know that any opinions or recommendations you subsequently suggest will be based on a deep understanding of their specific needs.

Here are a few active listening techniques that you can apply in any professional conversation.

Monday, 17 July 2017

The keys to resilience


Some people experience problems or trauma and immediately descend into despair and immobility. Others, on the other hand, may undergo similar trials and are able to dust themselves off and continue, often with greater emotional fortitude than before.

Why are certain people more emotionally resilient than others? How can people build resilience? These are questions that psychologists have explored for decades.

Resilience is the ability to cope with challenges. It doesn’t mean avoiding or preventing stressful situations. Rather, it involves an acceptance that adversity is sometimes inevitable, an ability to handle personal trials with equanimity, and a determination to grow through the experience.

What techniques can you employ to build resilience? The following ideas may help.

Tuesday, 11 July 2017

How to write a cover letter for your job application


When you apply for a job in tax, and especially for your first job in tax, you need to ensure your application stands out.

Your resume, of course, should clearly highlight your skills, qualifications and achievements to date. However, a hiring manager may not even see your resume if your cover letter doesn’t first spark his or her interest.

Wednesday, 28 June 2017

Instant motivation at work


Some days at work, you just don’t feel like being there. You’re lethargic, bored and unproductive. You’re also distracted easily by the most trivial, mundane occurrences.

Still, the work has to be done and the slower you go, the more it will build up.

What you need is an instant mental pick-me-up – a shot of inspiration – to help you get back on track.

Here are some ideas.

Thursday, 22 June 2017

What is a Chartered Tax Adviser (CTA)?


If you’re serious about building a career in tax, one of your long-term objectives should be to attain the Chartered Tax Adviser designation.

This is an internationally recognised, respected mark of technical excellence and professional integrity. It represents the pinnacle of the tax profession. 

The CTA designation can take your career to the heights of the tax profession. Conceived by the UK’s Chartered Institute of Taxation, it’s the ultimate accreditation for tax professionals around the world.

Here are three compelling ways a CTA designation can help you achieve more.

Wednesday, 7 June 2017

Exam day tips to achieve the best results


Exam day has arrived.

You may feel ready, or you may not. Whatever the case, there’s no more time left to study. However, there are still a number of things you can do to ensure you achieve the best marks possible.

Wednesday, 24 May 2017

Taking control of interview nerves


When you’re in your final year of study, you’re likely to begin lining up job interviews.

At this stage, you may be nervous. But don’t let those annoying butterflies stop you from showing interviewers that you’re the right candidate for the job. Be prepared, stay focused and tackle those interviews with confidence.

Here are some tips that may help.

Tuesday, 23 May 2017

How to make better decisions


The ability to make decisions – often, quickly and well – is an attribute that can boost your career in the tax profession.

When the going gets tough, people look to the best decision-makers for solutions to problems. It’s no coincidence that the people who make the best decisions are those most likely to end up in senior leadership positions.

It’s useful to remember, however, that effective decision-makers are made, not born. Decision-making is a skill that can be developed like any other.

Here are a few techniques.

Friday, 12 May 2017

A resume to help you secure your first job in tax


A sparkling resume can be a one-way ticket to your dream job. In a competitive profession like tax, hiring managers use resumes to separate promising candidates from the rest.

That’s why you need a resume that shines the best light on your skills, qualifications and achievements.

Here are five useful tips for writing a winning resume.

Thursday, 27 April 2017

Making it in professional services - beyond the technical


When you embark on a career in an area of professional services, such as tax, you’ll naturally look for ways to gain value from every opportunity at work.

For example, performing technical tasks presents an opportunity to display your skills and enthusiasm, thereby impressing those who may help you achieve your future career aspirations.

On Wednesday, 10 May 2017, The Tax Institute will host an early evening panel discussion in Adelaide on this subject. It will provide different perspectives on how you can use work opportunities to demonstrate desirable skills to influencers.

Friday, 21 April 2017

Using LinkedIn to boost your career in tax


LinkedIn is the premier professional networking platform, with over 450 million registered members around the world.

Employers are using LinkedIn more than ever to identify and recruit talent. This means all tax students should have an optimised, up-to-date LinkedIn profile to enhance their career prospects.

Here are some tips for building a LinkedIn profile that can attract the attention of hiring managers in tax firms.

Wednesday, 12 April 2017

Tips for networking - at the office


Professional networking advice often follows the same script: hit the pavement, connect with industry peers on social media, attend events, get yourself known, and cast your net as far and wide as possible.

But what can you do to advance your career without leaving your current workplace.

Here are five tips for getting the benefits of networking at your office.

Wednesday, 29 March 2017

What does work-life balance mean to you?


When you’re a newcomer to the workplace, there’s sometimes an expectation that you should clock in early, endure late nights and have lunch at your desk.

Why?

To demonstrate your worth with an unspoken promise that the ‘reward’ of downtime will duly come as you move up the ranks.

While many young guns (and even seasoned veterans) are happy to jump at the opportunity to prove themselves by undertaking additional work, it begs the question: Do you need to sacrifice your personal life for the sake of your career? Or is that an antiquated notion?

Tuesday, 28 March 2017

'Why do you want a career in tax?'


You've finished your postgraduate tax degree and have landed an interview with a leading tax firm for a dream position that could launch your career.

Then comes the inevitable question: ‘Why do you want a career in tax?’

Here are three responses you can use to impress your future employer more than just: ‘Because I want to make heaps of money.’

Friday, 17 February 2017

Survival tips for uni students



Prying yourself away from the beach, off the couch or out of bed to make it to university after a holiday or study break can be a challenge.

If 2017 is your first year at uni, here’s a quick guide to help you get the most from your time on campus.

Monday, 6 February 2017

Save time on your job search



When you’re looking for a job, it’s easy to get sucked into spending hours on job sites and networks.

Here are seven ways to cut back the time it takes to achieve the results you want.

Monday, 30 January 2017

How to handle difficult people in the workplace


One benefit of transitioning from university to full-time employment is the opportunity to work closely with friendly, supportive, inspiring people.

Unfortunately, you may also encounter individuals who aren’t so easy to get along with – and in the workplace, unlike at university, it’s difficult to ignore or get away from such people. You may even sit next to an unfriendly co-worker for hours each day.

Friday, 20 January 2017

Time management skills for long-term success



You may have survived university on the basis of your talent and hard work. However, you’ll need to refine your organisational skills to survive, thrive and prosper over the long term in your chosen career.

If you haven’t already embraced the fundamental principles of time management, it’s worth starting now.

Here are a few tactics for getting more done in your day-to-day work.

Friday, 13 January 2017

Active listening - a key skill for tax professionals



Active listening is a cornerstone of effective interpersonal communication. It’s therefore an essential skill for tax professionals.

Active listening involves both hearing what your client or colleague is saying and ensuring they know you hear what they’re saying.

It helps you to build rapport with your clients and colleagues. It demonstrates your respect for them. It also helps you to earn their trust.

They’ll know that any recommendations you subsequently present will be based on a deep understanding of their specific needs.

Friday, 6 January 2017

How to customise your resume

Photo credit: flazingo_photos via Foter.com / CC BY-SA


Accounting and legal graduates often make the mistake of using the same version of their resume in all their job applications.

Better to customise the content in response to the selection criteria and responsibilities of the position you’re interested in. That way you demonstrate, from the beginning, that you have what it takes to succeed in that position.