Career options for tax professionals

The assumption often made about students pursuing a degree in tax is that they’re on the fast track to a certain career in accountancy. Considering, however, that there’s only a finite number of graduate positions available in accountancy firms each year, it’s clear that not every tax graduate will follow suit. So what are some other career options?

Tax-based education grants you a unique skill set: the ability to be a team player, the ability to not be a team player, communication skills and commercial awareness. The junction of these skills means you’re equally well versed in a numerical, analytical or communication-heavy role. In reality, after completing your postgraduate tax training, you are spoilt with a unique spread of career options. Here are five paths you may consider conquering.

Accountancy

There is no denying that the most well-trodden career avenue for recent tax graduates is a role in an accountancy firm. The most attractive roles being those in the ‘Big Four’ firms: Deloitte, PwC, KPMG and Ernst & Young. Large and mid-tier accountancy firms offer roles that cover a large range of tax areas and an opportunity to specialise from an early point in your career. Your tax specialty could lie in financial services, corporate tax, employment tax or tax for private clients, so it’s within reason that this is by and large one of the most alluring prospects for a tax graduate.

Law

Law and tax are often considered to be complementary degrees; many tax lawyers pursue tax qualifications, and tax accountants a law degree. Obviously, this career path is only available to experienced tax professionals, however an additional education resource for the law-inclined is the CTA2A Advanced subject. This postgraduate qualification can be undertaken while working full-time, and works to explain the rationale behind tax laws.

Government financial advising

With a qualification in tax, it’s safe to say that you’re proficient in numbers. Government financial advising merges your analytical and communicative skills to ensure you can best mentor people through financial decisions. For success in this field, work experience as a registered tax agent or tax financial advisory are looked upon favourably.

Teaching

Moving between industries doesn’t mean you have to sacrifice your hard-earned skills, clocked hours and valuable industry connections. In fact, you could strengthen your industry ties and reputation by returning to academia. For experienced tax accountants, there are often opportunities for positions from educational bodies, as well as in corporate training companies or specially designed educational roles in large-tier companies.

Entrepreneurial

For the tax graduates who dream of running their own business, the opportunities are endless. Beyond running your own firm, there is also an opportunity to marry two unique specialties into one business venture: environmental accounting, international accounting and entertainment accounting are all niche self-employment routes that offer you a market difference.

Taxation knowledge can be your golden ticket to any number of roles that cross traditional industry barriers. Browse our range of programs and subjects to get qualified for a career in tax.

Which area of tax is right for you?

A career in tax can be dynamic, versatile and open up rewarding opportunities both locally and abroad. A multifaceted profession, there are many areas in the industry you can choose to specialise in when you've finished your further tax education.

But how do you know which is the perfect fit for your natural abilities? Here are four areas you can focus your tax training in, the skills and experience you’ll need to get there and the type of personalities primed to excel in them.

1. SMEs

With the growing number of small-medium businesses in Australia, a business tax specialist will always be in high demand.

As a business tax specialist, you’ll need to be abreast of capital gains implications, the latest GST changes and depreciation schedules, as well as the special exemptions and deductions relevant to each business structure and industry.

Many tax specialists find this work rewarding, as it helps local businesses grow and remain sustainable. Keeping up with the constant federal regulatory changes impacting SMEs also means working in an area that is dynamic and always evolving.

2. SMSFs

An increasing number of people are choosing a self-managed superannuation fund (SMSF) to provide their retirement benefits because it offers more control over investments. Consequently, this has opened up a complex new arena for tax agents to specialise in, providing superannuation advice.

SMSFs are a legal tax structure regulated by the ATO and with strict reporting and compliance obligations. So as a superannuation specialist, you’ll need to stay abreast of any new developments in order to provide your clients with timely advice on the right structure and planning.

With severe penalties for non-compliance, an SMSF tax specialist has considerable responsibility and therefore needs to have good attention to detail and outstanding communication skills, along with a comprehensive understanding of superannuation law and practice.

3. Property investment


A property tax specialist provides advice for investors about asset protection while minimising tax liabilities. You will need to consider issues such as various tax structures, capital gains implications, deciding between holding and selling, renting, cash flow issues, renovations, transferring property and international tax implications as well as tax minimisation.

Property tax can be a highly complex area and laws and regulations can vary widely from state to state. One of the rewarding challenges of providing specialist property tax advice is helping clients find viable and sustainable solutions to maximise their opportunities and return on their investment. Specialists in this area will enjoy liaising with people who are interested in asset and wealth creation, including high-net-worth individuals and wealth-creation institutions.

4. Corporate advice

The corporate tax path may be well trodden, but for good reason – there are many rewarding specialisations in the larger corporate arena, including audit, compliance, consultancy and advisory work, which can open up exciting opportunities for specialists working in this sector.

If you’re one to thrive when given the opportunity to share ideas and collaborate with your colleagues, large-scale corporate advisory work will often have you working cohesively in a team environment, often across multinational channels.

You’ll need an understanding of international corporate tax implications, as well as great time management and effective communication skills, as you’ll be communicating across different time zones with your firm’s offices around the globe. But be warned: late nights and early mornings may be required!

Stand out from the crowd

Tax is a dynamic profession and in order to provide great specialist advice, practitioners must remain up to date with the changing landscape. As a member of The Tax Institute you will be equipped to provide the timeliest practical and sound advice in the area of specialisation of your choice.

Led by tax experts to benefit tax experts, The Tax Institute is the only body in Australia devoted exclusively to tax, and when you join its 13,000-strong community of the most knowledgeable practitioners, you’ll gain access to powerful resources, progressive education and influential networks.


Take the next step in your tax career with the Graduate Diploma of Applied Tax Law 

Find out more

Five resume red flags to avoid

According to a recruitment study, your resume has mere seconds in front of a senior associate, hiring manager or recruiter before they make a decision about your application.

HR staff are trained to look for disqualifying factors. With just seconds to impress, here are five glaring red flags that vex recruiters and see them weed out candidates at a glance.

Messy formatting

Little to no white space on the page, decorative or small type and the complete absence of page margins signal to HR that you may not be their ideal candidate. Beyond your apparent lack of organisation and overgenerous data selection, this may suggest that you don’t have a clear vision or, worse, that you’re imprudent.

Your resume needs to be reader-friendly, but it also needs to be deliberate. This isn’t the time to get experimental with font types or test your Microsoft Office artistry – and your resume certainly shouldn’t act as your memoir. Professionally prepared resumes are considered and highlight only the most esteemed aspects in a career history.

Steer clear of graphics, too many colours and too much information to create a resume that will speak clearly to your prospective employer.

Gaps in your employment history

While HR may anticipate that most resumes will show at least one substantial gap (i.e. over six months) in their employment history, unexplained periods of career inactivity are cause for concern. This is one of the times where things should not be left unsaid. It’s perfectly acceptable to include a short sentence that will explain any gaps of multiple years, such as “Left position to further my education by undertaking a course” or “Left position to travel for a set amount of time”.

In the same vein, too many short-term jobs to a scrutinising eye can suggest you lack the commitment or stamina to persevere in a position. In this instance, it’s worth explaining that your career movements instead reflect a desire for continued professional development.

Using time-worn phrases

It seems tired and clichéd that this particular red flag will always make the ‘do not’ list, however it’s still something job recruiters find in resumes. Such terms include “hard worker”, “forward-thinking”, “dedicated”, “detail orientated” and “driven”.

Hiding behind time-worn phrases can appear evasive and will encourage HR to question your talents, work ethic and your own viewpoint on what you can offer the company. Get creative with your resume and use language to frame your strengths.

Lacking results

One step towards making your resume easier to read for time-poor hiring managers is to convert your data from qualitative to quantitative. Numbers, metrics and percentages can often be more impactful than words. Without such data, your resume can appear haphazard or altogether too vague. Would you hire a candidate without seeing hard facts on their successes?

Unprofessional details

A resume is a package deal. While the content is critical, so too are the finer details such as the file name, your email address or your Skype handle. With hundreds of applications for any one job, make sure you include your name on the file to ensure you don’t get lost in the masses. Emails are free, so don’t let your sentimental attachment to an older email address hold you back in your career. Lead with your best professional foot forward.

For a fruitful career in tax, mastering the art of writing a professional resume is the first step to success.

Graduate attributes that boost your employability

Do you have a graduate (or even postgraduate) tax qualification? Are you looking to land a prestige tax, accounting or legal position?

To separate yourself from the pack of other candidates in the eyes of prospective employers, it pays to demonstrate the following four attributes.

How to make the most of your Mondays

Nothing sends your productivity into overdrive like getting a flying start to the week. You might think of each Monday as the ‘weekend hangover’, but it’s better to use the day as an opportunity to establish your priorities and beat your deadlines.

Whether you’re facing five days filled with client meetings or completing the last phase of a project that requires your analytical skills to be razor-sharp, here are four top tips for making the most of your Mondays.

Build your resume while you study

A ‘Catch 22’ situation exists for many younger graduates – employers often require that you already have relevant work experience before they’ll consider hiring you, but you need to secure that first job to gain experience.

Achieving a high-distinction average in your undergraduate studies or mastering your taxation law units is likely not enough to help you land the job of your dreams. While recruiters and hiring managers seek candidates who show academic rigour, many also require that you demonstrate passion, focus, drive and initiative in a practical environment.

There’s no reason to despair, however, if you’re still studying for your degree. There are countless ways to begin proving to your potential employer that your contribution to their business will go well beyond balancing the books.

Here are four strategies for building your résumé while you study – because it's never too early to begin your career in a ‘real world’ sense.

Which area of tax should you specialise in?

A career in tax can open up rewarding opportunities. It’s a multifaceted profession, with areas you can choose to specialise in once you've completed your postgraduate tax education.

But how do you know which discipline is the right fit for your mindset and abilities?

Here are four areas you might consider focusing on in your tax training, along with the skills and experience you’ll need to succeed and the types of personalities that tend to excel in them.

5 essential business skills

Recruiters in the tax profession look for a range of skills in candidates that apply for entry-level positions.

Academic achievement in your taxation course at university is just a starting point. Companies are on the hunt for well-rounded, business-savvy practitioners who can see beyond just the technical information.

Here are five key qualities that tax employers value in their people.

Surviving first-day-itis at work

When you land your first job or work-experience position at a tax, accounting or legal firm, you’re likely to be nervous about settling in.

Don’t worry – the feeling is totally normal.

Here’s a brief survival guide on how to make a great impression in your first week.

The value of career mentors

Many successful people have sought out mentors to show them how to reach the top.

A mentor can be viewed as a kind of workplace parent-figure – someone who can warn you against making short-sighted moves that could damage your career. They will, instead, encourage you to do those things that may be uncomfortable at first but will reap great rewards in the long term.

Experience is a valuable thing. And while there’s no substitute for learning the hard way, there’s also no rule against leveraging the wisdom of others.

A true mentor will provide honest feedback on how you’re performing and offer suggestions on how to improve your performance. They may also introduce you to people in their own network who can help you further your career.

Four qualities of effective leaders

Do you see yourself as a future leader in your profession?

Becoming a great leader calls for a complex suite of skills. Although we recognise that talented bosses need to be equipped to rise to challenges and make tough decisions, we sometimes forget that the ability to communicate, delegate, remain positive and be creative are equally intrinsic to leadership success.

Whether you dream of heading up an accounting or law firm or serving as a tax adviser to large corporations, there are ways to hone your leadership credentials now.

Here are four attributes of great leaders, along with fail-safe tips for acquiring them.

Negotiating your first (or next) promotion

Whether you’re an experienced tax professional ready to take the next step in your career or a junior accountant or lawyer who wants to make your first move up the corporate ladder, knowing how to negotiate a promotion is an essential workplace skill.

Asking your boss for more responsibility – and money – can be daunting, no matter how many times you’ve done it before.

Here are four tips for negotiating with your employer and landing the role you aspire to.

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.

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.

Tips for professional email

As you embark on your career as a tax practitioner, you only ever have one chance to make a great first impression with each prospective employer, client or other stakeholder.

If that chance happens to be via email, it’s useful to know how to correspond in a professional manner.

Particularly when applying for a job, a work experience opportunity or a position in a graduate program, your initial contact probably will be by email. Your initial application, cover letter and any associated requests will be in writing and will be delivered to the hiring manager’s inbox.

To smarten up your email correspondence, consider these suggestions:

DO

• Use the subject field to clearly summarise the contents of your email message: This helps the recipient to categorise your email immediately. Many people won’t even open an email that has an ambiguous subject line.

• Open and sign-off formally: Err on the side of formal rather than casual or familiar. If addressing an employer called Michael Chen, best not to open with ‘Hey Mike’. Better to begin with ‘Dear Mr Chen’ and end with ‘Sincerely’ or ‘Kind regards’. The reply (usually less formal) will indicate the level of engagement the recipient prefers. Try to avoid going below that level.

• Start a new paragraph for each new idea or action item: Each paragraph need only be one or two sentences long and should serve a purpose. In fact, the entire message should be as concise as possible. Even if the recipient only scans the email, they should clearly understand who you are and what you want.

• Check your email before sending it: Make sure your spelling, punctuation and grammar are acceptable, and that any attachments mentioned are actually attached. You may even want to read the email aloud before sending to ensure it makes sense.

• Use an email signature block: Even a basic signature that includes your contact details looks more professional than none. It helps the recipient to have your contact details at the ready.

DON’T

• Use an email address that may reflect badly on you: Remember that email address you had when you were 15 – perhaps skaterboy007@hotmail.com or pinksunset14@yahoo.com? Best not to use it for professional correspondence.

• Use emoticons, slang or curse words: Even if you know the recipient well, the email may be forwarded to others who don’t know you.

• Forget why you’re sending the email: The email has a purpose. Make sure everything in it serves that purpose, whether it’s supporting your application for a position or trying to elicit a specific answer to a question.

• Pester the recipient: Just because an email is easy to send doesn’t mean you should repeatedly ask for updates. If you’re concerned at the lack of response – especially if the recipient said they’d get back to you by a certain time – pick up the phone and call them. If the recipient is unavailable, you may be able to speak with someone else.

Learning to use email in a professional manner will serve you well beyond the application stage.

Developing good habits now will help you communicate with clients and colleagues in a more effective way for years to come.

Give yourself the edge with free student membership

If you're a tertiary education student, The Tax Institute can help you progress in your career.

Find out about Student Membership.

Landing your first job in tax

How difficult is it to secure a graduate or entry-level role in the tax profession?

It’s certainly achievable if you pay attention to promoting the attributes and qualities that ensure your application stands out above the rest.

In your resume, your cover letter and interviews, the following suggestions can help you increase your chances of success.

Highlight your practical experience

While your academic qualifications are important, your degree alone may not be enough to catch a hiring manager’s attention.

Any practical experience you can identify will help you to be noticed. For example, have you undertaken any industry-related volunteer work. Have you held an internship? Have you been involved in the Australian Taxation Office’s Tax Help program or completed a work placement at a relevant organisation?

Describe any of these achievements in your application.

Volunteering and work placements can lead to future job opportunities, so approach them proactively, and request references from anyone you report to.

Emphasise your industry credentials

When you apply for a graduate program, it pays to focus on your status as a future tax professional.

For this, you can list the relevant seminars, conferences, presentations and professional development opportunities you’ve attended during your undergraduate career. Also mention the reputable speakers you’ve seen.

Similarly, it will count in your favour to list professional organisations with which you may be associated. For example, The Tax Institute’s free student membership is an invaluable industry qualification to include.

Demonstrating your real-world professional activities shows you’re a budding expert who will slot effortlessly into a future workplace.

Demonstrate your expertise

While you don’t have to list every unit you studied at university, it’s useful to highlight your academic achievements, including the subjects you excelled in.

You can include these in the ‘Education’ section of your application. They give a hiring manager some insights into your core strengths.

You should also list any taxation-related software applications you’ve mastered. These represent relevant, profession-specific skills that can help give you a competitive edge.

Ultimately, creating a winning application is about identifying your strengths and tailoring them to a potential job. If you ensure your application reflects your best attributes, you’re sure to reap career rewards sooner rather than later.

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.

5 early career milestones you should aim to hit

It’s never too early to start identifying or striving to reach career milestones. Here are five classic career goals you should aim to achieve during your first few years as a graduate.

1. Get really good at what you do

It doesn’t matter which tax courses you’ve completed at university or how much you think you know, as a new employee you’ll quickly become aware of just how much you need to learn. Seize every opportunity you can to broaden your knowledge, including gaining insight from bosses and colleagues, as well as sharpening your skills from the taxation education your employer offers. One day you’ll wake up and think to yourself, “You know, I’m now actually pretty good at my job.”

2. Get that first promotion (and the second and third)

No matter how minor it is, that first title bump creates the momentum that will hopefully push you all the way to the top of the tax industry. Don’t waste a minute starting your ascent up the ladder.

3. Work overseas

Take advantage of being young – and relatively commitment-free if you’re working for a firm that offers overseas postings. Aside from the excitement of living somewhere such as New York or London, you’ll develop a new maturity and a broader, well-rounded outlook on life and work.

4. Manage others

Once you’ve learnt how to manage yourself, you’ll face the much more complicated task of managing others, which, depending on how good you are at it, can be either incredibly frustrating or wildly rewarding. Remember that if you’re good at managing yourself and your workload, you can always rely on having a job. But if you have the far rarer skill of also being good at managing others, you can rely on having a highly paid and high-powered executive position.

5. Add to your qualifications and expand your skill set

After spending almost a couple of decades in full-time education, it can be tempting to take a long sabbatical from studying and focusing on gaining real-world experience. However, you’re unlikely to reach many of the future milestones if you don’t expand your skill set, either by undertaking further tax training in the form of a CTA1, CTA2A, CTA2B, CTA3, Graduate Diploma of Applied Tax Law or Master of Taxation, or by pursuing qualifications in complementary fields, such as people management.

In today’s crowded workforce, you need to demonstrate you’re a go-getter from the get-go. While you don’t need to adopt all the milestones suggested above, you should have a clear set of goals you’re actively working towards if you want to reach your full potential.

Take the next step in your tax career with the Graduate Diploma of Applied Tax Law

Find out more by visiting the website or calling 1300 TAX EDU (1300 829 338)

4 tips to help you avoid becoming a workaholic

It’s only natural to want to make a great impression at work, particularly when your career is just beginning. But you’ll only sabotage your future prospects if you burn the candle at both ends. Here are four tips for getting your work done on time while still maintaining a good work-life balance.

1. Time management

The 2014 Australian Work and Life Index revealed that more than half of full-time workers feel rushed at work. For accounting and tax professionals, this can become a major issue during the busy end-of-financial-year season.

You can avoid this trap by creating a prioritised task list each morning. This will make you better at setting goals and priorities, and you’ll also feel the buzz of accomplishment each time you tick off an item.

2. Delegation

Taking on as much as possible might earn you points in the short term, but it’s also the surest way to burn yourself out. The delegation goes hand in hand with good time management – it’s hard to achieve one without the other.

Start by looking at your key strengths. If you’re good at leadership, ask if you can do more project-management tasks, leaving the number crunching to others. And don’t be shy about seeking help – asking questions shows you are willing to learn and improve.

3. Set boundaries

The Work and Life Index also found that nearly a third of full-time employees regularly sacrifice personal time for work duties. There will be periods when the team has to clock up extra hours to meet a tight deadline, but if you’re always the last person to leave the office, you may be putting your health and relationships at risk. Remember that a good career isn’t just about a good salary – it should also give you time to enjoy the rewards.

4. Switch off

Just as your phone’s battery needs to be recharged regularly, so do your own. After you leave work, let calls go to voicemail and try not to check your email until the next day unless you’re monitoring an urgent issue. Downtime at work is also very important. You can keep alert and productive by spending at least 10 minutes every hour away from your desk – preferably outdoors where you can get some exercise and sunlight.

Your life shouldn’t be all work and no play. Maintaining a good work-life balance is simply good for your health – and your career.

Give yourself the edge with free Student Membership

If you are a tertiary education student, The Tax Institute can help you progress in your career journey.

Find out about StudentMembership.

5 essential business skills to be noticed by employers

How would you design a phone for deaf people? How many piano tuners are there in Melbourne? How heavy is the Empire State Building? And how would you answer these seemingly impossible questions if asked in actual interviews?

The last one is a question worth pondering if you want to demonstrate your own potential to prospective employers – they are undoubtedly looking for more than just academic achievement in your taxation course.

Mastery of your tax training is just the starting point for recruiters looking to hire the best talent. Companies are on the hunt for well-rounded, business-savvy agents capable of looking beyond trade technicalities. Here’s our list of five of the most important qualities employers value in their people.

1. Problem solvers

The questions posed above invite interviewees to demonstrate their creative ability to overcome workplace challenges and problems, and how to adapt to changing circumstances or the unexpected.

Thinking about instances in your life where you have been flexible in solving a problem can be a good starting point when it comes to showing employers you can think on your feet.

2. Effective organisers

Good organisation is key to being able to manage projects, making it a fundamental skill for any new recruit to demonstrate. The ability to break down a large project into separate stages, estimate the work and time required, delegate work and keep projects on track, on time and on budget is a core competency for larger firms especially.

3. Digital savviness

A basic requirement among management recruits is proficiency in a range of core software. Spreadsheets are fundamental to tax and accounting, but understanding shortcuts and being able to manipulate data quickly will help you stand out as a future high-flyer.

Database management and the ability to use data-visualisation tools have also emerged as important skill sets to possess as data becomes more central to every organisation.

4. Commercial smarts

Understanding what makes the wider industry in which you work tick, and where the sector is going, demonstrates your ability to look beyond your tax training and marks you out as one to watch. It shows initiative, appreciation of the bigger picture and engagement with the tax and accounting world beyond just your taxation education.

5. Good communicators

A study among 50,000 company recruiters revealed that communication skills were the most important factor in hiring managers. Learning to work effectively by listening carefully and speaking and writing effectively is a skill you can consciously improve.

Mastering your ability to work with clients and colleagues is just as important as mastering your taxation education to ensure you enjoy an effective and long career.

Give yourself the edge with free Student Membership

If you are a tertiary education student, The Tax Institute can help you progress in your career journey.

Find out about StudentMembership.

6 tips to a killer letter of advice

The tax profession can provide you with a rewarding and satisfying career. However, with the rise in technology and software advancements, it has become much more than just crunching the numbers or dictating the legislation. To become successful and desirable, you must differentiate yourself in the profession and do what a computer cannot. Within this blog, we provide 6 helpful tips to help you craft your letter of advice to satisfy not only your client and employer but your job satisfaction.

1. Who is the reader?
Put yourself in your client’s shoes and ask yourself, “What do they need to know?” Your task is to write a letter of advice: to a client and for a client. Understanding who you are writing for is the difference between a letter of advice and a good letter of advice.

2. Tone of voice: formal vs informal
A letter of advice is not the same as an email or internal memo. It’s more formal than that and represents your advice to your client, as well as the brand of your company or firm. Though to clarify, formal doesn’t mean stuffy! It’s still all about effectively communicating in a digestible way for your client. When in doubt, err on the formal side – it is a business document after all!

3. Check your grammar, spelling and punctuation
Typos, incorrect syntax and long-winded sentences never helped anyone. It means your letter lacks a discernible point. When in doubt, insert that full stop and start a new sentence.

4. Paragraphs and sentences: keep it short and sweet
Write short, concise paragraphs and short concise sentences. Don’t confuse your client.

5. Use headings, subheadings and bullet points
Don’t be afraid to use headings, subheadings and bullet points against these paragraphs. A letter of advice is not an essay and it’s perfectly acceptable to break up your text with intuitive headings. Creating white space on a page or screen is easier on the eye and gets your point across to your client quicker.

6. Choose your words. They matter!
The power of words cannot be underestimated here. For example, what would your client do if you wrote: you ‘are’ running a business vs you ‘may’ be running a business. Is there a potential risk issue for you to write in definitive language? Consider words like ‘should’, ‘may’, ‘probable’ and ‘reasonably arguable’ instead.

The main thing to remember is that you are writing a document for your client to enable them to make sound business decisions. Ensure that your client can easily digest the information you are providing to ensure they do not miss or misinterpret any valuable information.

For further information, view the free How to Reason, Research and Write webinar, produced by The Tax Institute.