How to Become a Taxation Advisor: Australian Careers in Accounting and Bookkeeping

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FNS40222

Certificate IV in Accounting and Bookkeeping

If you’re good with numbers, and are considering a career in accounting, then this FNS40222 Certificate IV in Accounting and Bookkeeping qualification from GROW Training Group could be just the course for you. Whether your aspirations involve establishing your own business, progressing in the accounting or bookkeeping profession, or becoming a registered Business Activity Statement (BAS) Agent, this credential equips you with the essential knowledge and competencies necessary to reach your goals.

This course will ensure that you posses essential practical competencies that will prepare you for a diverse range of roles within the accounting sector. The curriculum encompasses a spectrum of crucial tasks, including the preparation and submission of business and instalment activity statements, proficient data processing, monthly reconciliations, budget formulation, and the generation of comprehensive financial performance and business position reports. Moreover, this course aligns seamlessly with the educational requirements established by the Tax Practitioners Board for BAS Agents, ensuring your qualification is industry-relevant and recognised. Upon successful completion of the FNS40222 Certificate IV in Bookkeeping you will emerge as a well-prepared, fully qualified professional, poised for a rewarding career in the field.

Enrolment period is 24 months. We find our students complete the qualification in varied time frames. It really does depend on your life situation and availability. The program can be completed in a much shorter time – we would recommend aiming at completing 1 unit per month.

This program is delivered in our online learner system. You do not need to come to class, however, you will need to stay connected with your Educator and attend phone and/or web meetings to complete some of the practical components of your course. eLearning allows you the flexibility of completing your course at your own pace, at times to suit work and other life commitments. You can work on your course at anytime, anywhere supported by your industry experienced educator via telephone and email no matter where you are.

Please Note: Grow Training Group operates as a privately managed Registered Training Organisation (RTO), differing from government-run institutions such as a TAFE. Consequently, Grow does not offer government funding.

Blended, Online

Online

Accounts Clerk, Bookkeeper, Bookkeeper Assistant, Registered Tax Agent, Senior Accounts Officer, Tax Adviser, Tax Agent, Taxation Advisor, Taxation Officer

Price may vary

3 years full time

Not Available

FNS40222

Certificate IV in Accounting and Bookkeeping

If you have an aptitude for numbers and are looking for a lucrative career, then this FNS40222 Certificate IV in Accounting and Bookkeeping qualification from National Business Institute of Australia (NBIA) could be just what you’re looking for.

This course offers essential accounting knowledge and insight into various accounting and bookkeeping tasks commonly encountered in professional settings. Topics covered include the completion of Business Activity Statements (BAS), preparation of financial reports, processing of financial transactions, and establishment and maintenance of payroll systems. Accredited nationally and widely recognised, it caters to individuals seeking to enhance their proficiency in accounts, accounting, and bookkeeping, as well as those aspiring to establish their own bookkeeping business or become registered BAS agents.

Delivered 100% online, this course is particularly suitable for individuals already employed in the field, as well as those in administrative or office management roles aiming for career advancement who are looking for a flexible course that fits in with their timetable.

Please note: this course is fee-for-service, NOT government funded.

Online

Accounts Administrator, Accounts Clerk, Accounts Payable Officer, Accounts Receivable Officer, BAS Agent, Bookkeeper, Bookkeeper Assistant, Senior Accounts Officer, Tax Specialist, Taxation Advisor

Price may vary

12 months

Not Available

FNSSS00005

FNSSS00008

Tax Agent Certification

If you are looking to upgrade your accounting skills and become a registered tax agent, then this FNSSS00005 and FNSSS00008 Tax Agent Certification qualification from National Business Institute of Australia (NBIA) could be an ideal option for you.

The Tax Agent Certification is approved by the Tax Practitioners Board (TPB). The course meets the requirements of both Commercial Law (FNSSS00005) and Australian Tax Law (FNSSS00008). Including the requirements of Tax Agent Services Act 2009 (TASA).

Accessible to people with a Diploma of Accounting or higher qualification, subjects covered include applying legal principles in Consumer and Contract Law, Corporations and Trust Law, and property law, as well as preparing tax documentation for individuals and preparing and administering tax documentation for legal entities.

In this course you will have access to:

Qualified and Industry expert trainers and assessors.
Unlimited Access to the online Student Learning portal.
Online learning content and resources including website links, case studies, Industry software programs including Xero and Myob, assessments and more.
Student Discussion group
TPB approved course outlines and assessments
FREE Membership to the Institute of Public Accountants (IPA)

Pathways information:

The units provide credit towards:

FNS40222 Certificate IV in Accounting and Bookkeeping.
FNS50222 Diploma of Accounting

NBIA is a partner of ASV Wadeson Group, rated #31 in the Financial Review Top 100 Accounting Firms, 2023.

On successful completion of the course, including assessment, you will possess all the qualifications needed to become a tax agent registered with the Tax Practitioners Board.

This course is delivered 100% online.

Online

Registered Tax Agent, Tax Accountant, Tax Agent, Tax Specialist, Taxation Advisor, Taxation Compliance Officer

Price may vary

Up to 12 months

On this page

What is a Taxation Advisor?

What will I do?

What skills do I need?

Resources

What is a Taxation Advisor?

The role of a Taxation Advisor is both dynamic and rewarding, offering professionals the opportunity to guide individuals and businesses through the complexities of tax regulations. Taxation Advisors play a crucial role in helping clients navigate their financial obligations while maximising their tax efficiency. They are trusted partners who provide tailored advice, ensuring that clients understand their tax responsibilities and the implications of their financial decisions.

In this career, Taxation Advisors are responsible for a variety of tasks that include preparing tax returns, advising on tax planning strategies, and ensuring compliance with current tax laws. They often conduct thorough analyses of clients’ financial situations to identify potential tax savings and develop strategies that align with their financial goals. This involves staying up-to-date with the latest tax legislation and understanding how changes can impact their clients’ financial positions.

Common tasks for a Taxation Advisor include conducting client interviews to gather necessary financial information, preparing and reviewing tax returns, and representing clients in discussions with tax authorities. They also provide insights on tax implications related to investments, business transactions, and estate planning. The role requires strong analytical skills, attention to detail, and the ability to communicate complex tax concepts in a clear and accessible manner.

Overall, a career as a Taxation Advisor is fulfilling for those who enjoy problem-solving and helping others achieve their financial objectives. With the ever-evolving landscape of tax regulations, this profession offers continuous learning opportunities and the chance to make a significant impact on clients’ financial well-being.

Career snapshots For Taxation Advisors

Financial Investment Advisers play a crucial role in helping individuals and organisations develop and implement financial plans, advising on investment strategies, taxation implications, and more. This profession is characterised by a blend of analytical skills and interpersonal communication, making it a rewarding career for those interested in finance and client relations.

Average Age: 43 years
Gender Distribution: 33% female
Hours Worked: 84% work full-time, averaging 44 hours per week
Employment Numbers: Approximately 24,000 people are employed in this role
Projected Growth: Annual employment growth data is not specified, but the demand for financial services continues to rise
Unemployment Rate: Specific unemployment rates for this role are not provided, but the financial services sector generally maintains a low unemployment rate

As the financial landscape evolves, the need for skilled Financial Investment Advisers is expected to grow, driven by increasing complexity in financial products and a greater emphasis on personal financial management. This career offers a promising path for those looking to make a significant impact in the financial well-being of their clients.

Source: ABS, 2021 Census of Population and Housing.

What will I do?

A Taxation Advisor plays a crucial role in helping individuals and businesses navigate the complexities of tax regulations and compliance. They provide expert advice on tax planning, ensuring clients optimise their tax positions while adhering to legal requirements. This career requires a strong understanding of tax laws, analytical skills, and the ability to communicate effectively with clients to help them make informed financial decisions.

Client Consultation – Conduct interviews with clients to assess their financial situations and tax obligations.
Tax Planning – Develop tailored tax strategies to minimise liabilities and maximise savings for clients.
Compliance Review – Ensure clients comply with current tax laws and regulations by reviewing their financial records.
Preparation of Tax Returns – Prepare and file tax returns for individuals and businesses, ensuring accuracy and timeliness.
Research Tax Legislation – Stay updated on changes in tax laws and regulations to provide accurate advice.
Audit Support – Assist clients during tax audits by providing necessary documentation and explanations.
Financial Analysis – Analyse clients’ financial data to identify tax-saving opportunities and potential risks.
Client Education – Educate clients on tax-related matters, helping them understand their obligations and options.
Collaboration with Other Professionals – Work with accountants, financial planners, and legal advisors to provide comprehensive financial advice.
Continuous Professional Development – Engage in ongoing education and training to maintain knowledge of tax laws and best practices.

What skills do I need?

A career as a Taxation Advisor requires a robust set of skills that blend analytical thinking with strong interpersonal abilities. Professionals in this field must possess a deep understanding of tax laws and regulations, enabling them to provide accurate advice and strategies tailored to their clients’ financial situations. Critical thinking and problem-solving skills are essential, as Taxation Advisors often need to navigate complex tax scenarios and devise effective solutions. Additionally, attention to detail is crucial, as even minor errors in tax calculations can lead to significant financial repercussions for clients.

Moreover, effective communication skills are vital for Taxation Advisors, as they must explain intricate tax concepts in a clear and accessible manner to clients who may not have a financial background. Building trust and rapport with clients is equally important, as it fosters long-term relationships and encourages clients to seek ongoing advice. Continuous professional development is also necessary to stay updated with the ever-evolving tax legislation and practices, ensuring that Taxation Advisors can provide the most relevant and effective guidance to their clients.

Skills/attributes

Strong understanding of tax laws and regulations
Excellent analytical skills
Attention to detail
Effective communication skills
Ability to interpret complex financial information
Proficiency in accounting software and tools
Strong problem-solving abilities
Client management and interpersonal skills
Time management and organisational skills
Continuous learning mindset to stay updated with tax changes
Ethical judgement and integrity
Ability to work under pressure and meet deadlines

Resources

NATIONAL

QLD

VIC

ACT

TAS

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How to Become a Taxation Advisor: Australian Careers in Accounting and Bookkeeping

What is a Taxation Advisor?

Career snapshots For Taxation Advisors

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes