What does a Tax Analyst do?
More than just preparing individual income tax returns:
- Corporate tax (private, ASX listed and multinationals)
- Trust taxation
- Fringe Benefits Tax (FBT)
- Goods and Services Tax (GST)
- Advice on transactional issues
- Due diligence reviews
- Letters of advice
- Tax Planning
- Tax Accounting
Individual Income Tax is the biggest source of taxation revenue in Australia ($175 billion in 2014). Tax Agents prepare approximately 9 million returns per year. Part of a tax advisor’s role is to consider the facts, the legislation, case law and ATO guidance and advise the client as to the tax consequences.
WHO ARE OUR CLIENTS?
We have a wide variety of clients, including multi-national corporations, Australian companies, and Australian individuals, foreign individuals and expatriates. Our clients are also from a wide range of industries, such as mining, software development, manufacturing, agriculture and insurance.
WHERE DO YOU WORK?
We are primarily based in the office, although we regularly attend external functions and visit clients at their premises.
WHY WORK IN TAX?
Working in tax is both interesting and challenging. The type of work is quite varied, depending on the type of client, their industry, international requirements or the particular type of transaction they are undertaking. As part of your work, you will be required to resolve complex tax issues and determine appropriate tax treatments for your clients.
In Tax, we spend a lot of time with our colleagues, meaning that there is plenty of interaction and support within our group. We are also exposed to high levels of client contact from an early stage in our career.
Tax also provides plenty of career development and learning opportunities. Tax, in particular, supports the development of a substantial tax technical knowledge as well as the analytical skills which are required to progress in our careers.
.
A day in the life...