How To Become A Tax Accountant

Tax Accountancy is one of the most well-respected yet unsung roles in finance, and Tax Accountants are widely known as some of the most hard-working professionals in any finance team. And yet often their work is done behind the scenes, away from the halls of investment noise and secluded from the machinations of day-to-day CFO requirements.

However, without good tax planning and payment organisation, none of that is possible. Tax commitments and timely payment are the bases on which all business is done, and without them, companies are operating illegally.

We all owe our due, and it’s on Tax Accounts to figure out how much!

Becoming a Tax Accountant is an intriguing financial career pathway that includes a varied series of qualification essentials, peppered with targeted work experience and L&D that builds the right sort of skills for this high-pressure job.

Tax season is one of the busiest times of year for any finance professional, none more so than the talented Tax Accountants plying their trade as businesses and individuals ready reports, prepare for audits, and pay their tax bills.

Tax Accountancy is a role that values detail and diligence above all else – so any accounting or finance professional that seeks a career in Tax needs to be well prepared to take a forensic eye to tax commitments, and to take hands-on responsibility for one of the most important financial elements of any company or individual.

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Step 1 – Get the right base experience

Tax Accountants need to have a broad church of experience to really understand the nuance and complexity of tax reporting and management.

Our advice is to seek internships, work experience, and training placements that offer the most exposure to the world of accountancy as possible. Experience is highly sought after because with experience comes a mature, detailed understanding of business-critical tax rules, laws, and reporting particulars, all of which create effective Tax Accountants. Plus, context is everything – with work experience you see first-hand how and where Tax Accountants sit in the financial pantheon, and how central they are to business success.

Step 2 – Certifications

As we mention in other Tax Accountant web pages, certifications are necessary to build a career in Tax Accountancy.

Qualifications from accountancy luminaries such as the AAT should be any accountant’s first port of all. Other critical qualifications – such as Accredited Tax Advisor (ATA) or Forensic Certified Public Accountant (FCPA) – are also strong certifications to have if considering a move into Tax Accountancy.

Step 3 – Watch out for Emerging Trends

The organisation of and paying of tax is a legal imperative for all companies and individuals worldwide. Tax rules, state to state, region to region and even business sector to business sector can vary, and it’s on Tax Accountants and advisors to stay abreast of changing tax rules and laws to make sure enterprises remain compliant and solvent.

Step 4 – Network!

Finally, networking is part and parcel of finding the right Tax Accountant job for you. This is especially important considering the wide range of businesses and sectors Tax Accountants are required in – which is every industry.

The most important thing to remember is that through your network you will build the sort of expertise, specialist knowledge and guidance needed to excel in a certain Tax Accountancy field.

For example, some Tax Accountants ply their trade in-house, working for a large firm as part of a larger tax team where their labour is included within a tapestry of wider accounting work. Others like to work alone, plying their trade freelance within their community or region, working on an ad-hoc or retainer Tax Accountant basis with smaller clients and individuals, almost like an accountant-for-hire.

There is enough variety to go around, and your network will help you find that perfect tax job angle that suits your methods, skills and wants.

Find out more about life as a Tax Accountant and other details by following the below links:

Job Description & Profile, Salary & Pay, Qualifications, Skills & Requirements, CV Template & Examples etc.

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