Taxation

Key Points:

  • Possessing an interest in law, strong analytical and communication skills are vital requirements to work as a Chartered Accountant specialising in tax.
  • A survey conducted by us indicated that the average total remuneration for tax managers with between 1-4 years’ experience in Australia and New Zealand is $116,497*
  • Based on the 2017 PwC 20th CEO survey results**, 93% of tech CEOs say that technology will significantly or completely reshape competition in their industry in the next five years. Finance and Tax are likely to experience the impact of these changes.

Taxation is complex, constantly evolving and provides new challenges. Tax accountants help their business or clients interpret and understand the tax laws to ensure they meet their legal obligations.

John Cuthbertson CA"I would really recommend taxation to you as a career choice. It is part of a dynamic and constantly changing environment offering interesting and challenging work. Taxation permeates through all aspects of business – providing excellent career opportunities and remuneration."
John Cuthbertson CA, NZ Tax Leader, Chartered Accountants Australia and New Zealand.

Tax accounting involves a variety of tasks ranging from tax compliance, return preparation and review, tax advice on operational matters, tax budgeting, financial accounts and disclosures; to strategic business decisions such as business / asset acquisitions and disposals, due diligence, structuring and engaging with taxation authorities.

Taxation is shaped by the laws and rules of the country of residence and where income was sourced, requiring an understanding of national and other tax jurisdictions. Often these rules are different from the rules that govern the preparation of financial statements for public use. Tax accountants adjust the financial statements prepared under financial accounting principles to determine taxable income.

Why taxation could be the right fit for you

If you have an interest in law and strong analytical and communication skills there are many career opportunities as a Chartered Accountant specialising in tax. Taxation can provide the opportunity to work with a variety of clients, in a fast-paced sector.

Nurain Janah CA"Being an accountant in public practice gives me the opportunity to learn about various businesses, their challenges and understand how businesses can grow. It also allows me to have insight into a variety of industries in NZ and internationally."
Nurain Janah CA, Accountant (Taxation & Business Advisory Services), William Buck (NZ) Ltd

Who can you work for?

Specialising in tax accountancy means that you will be able to work for a huge range of accounting firms, as well as organisations providing specialist knowledge of tax legislation including: large corporates, SMEs, local and specialist accountancy firms, public sector bodies and charities.

Key skills:

  • Analytical skills
  • Attention to detail
  • Numerical skills
  • Time management
  • Communication skills
  • Team building
  • Confidence

*These figures are taken from the 2017 Chartered Accountants ANZ Remuneration survey for 43 tax managers with 1-4 years' experience in Australia and New Zealand.
** Tax Function of the Future series: A focus on today December 2017 Page 5: https://www.pwc.com/gx/en/tax/publications/assets/tax-operating-models-global.pdf