How to Become a Registered Tax Agent: Australian Careers in Accounting and Bookkeeping

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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

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 Registered Tax Agent?

What will I do?

What skills do I need?

Resources

What is a Registered Tax Agent?

A career as a Registered Tax Agent offers a fulfilling opportunity for individuals who are passionate about finance and helping others navigate the complexities of taxation. These professionals play a crucial role in assisting clients with their tax obligations, ensuring compliance with the law while maximising potential refunds and minimising liabilities. With a strong understanding of tax legislation and regulations, Registered Tax Agents provide invaluable guidance to individuals and businesses alike, making this career both rewarding and impactful.

The responsibilities of a Registered Tax Agent are diverse and engaging. They are tasked with preparing and lodging tax returns, providing advice on tax planning strategies, and representing clients in dealings with the Australian Taxation Office (ATO). This role requires a keen eye for detail and a commitment to staying updated on the ever-evolving tax laws. Additionally, Registered Tax Agents often conduct thorough reviews of financial records to ensure accuracy and compliance, which can lead to significant savings for their clients.

Common tasks in this profession include conducting consultations to understand clients’ financial situations, analysing tax implications of various transactions, and developing tailored strategies to optimise tax outcomes. Registered Tax Agents also play a vital role in educating clients about their tax responsibilities and the importance of timely submissions. This aspect of the job not only enhances client relationships but also fosters a sense of trust and reliability, which is essential in the financial sector.

Overall, a career as a Registered Tax Agent is not only about numbers; it is about building relationships and making a positive difference in clients’ financial lives. With competitive salaries and the opportunity for professional growth, this career path is ideal for those who enjoy problem-solving and are eager to contribute to the financial well-being of others. As the demand for tax expertise continues to grow, Registered Tax Agents will remain an essential part of the financial landscape in Australia.

Career snapshots For Registered Tax Agents

The role of a Registered Tax Agent is integral to the financial services sector in Australia, providing essential support to individuals and businesses in navigating tax obligations. This career is suited for those with a keen interest in accounting and finance, and it offers a stable and rewarding professional path.

Average Age: Typically around 40 years old.
Gender Distribution: Approximately 60% female and 40% male.
Hours per Week: Generally, 38 to 40 hours.
Average Salary: Ranges from AU$80,000 to AU$95,000 annually.
Unemployment Rate: Relatively low, around 3%.
Employment Numbers: Approximately 30,000 individuals employed as Registered Tax Agents in Australia.
Projected Growth: Expected growth of 10% over the next five years, driven by increasing demand for tax services.

This career path not only offers financial stability but also the opportunity to make a significant impact on clients’ financial well-being. As tax regulations evolve, the need for skilled professionals in this field continues to rise, making it a promising choice for those considering a career in accounting.

What will I do?

A Registered Tax Agent plays a crucial role in helping individuals and businesses navigate the complexities of the tax system. They provide expert advice, ensure compliance with tax laws, and assist clients in maximising their tax benefits. With a strong understanding of tax regulations and a commitment to ethical practices, Registered Tax Agents are essential in fostering financial literacy and responsibility among their clients.

Client Consultation – Meeting with clients to discuss their financial situations and tax obligations.
Tax Return Preparation – Preparing and filing tax returns for individuals and businesses, ensuring accuracy and compliance.
Tax Planning – Developing strategies to minimise tax liabilities and optimise financial outcomes for clients.
Compliance Monitoring – Keeping up-to-date with changes in tax legislation and ensuring clients adhere to current laws.
Record Keeping – Maintaining accurate financial records and documentation for clients to support tax filings.
Audit Support – Assisting clients during tax audits by providing necessary documentation and representation.
Advice on Deductions – Advising clients on eligible tax deductions and credits to maximise their tax refunds.
Business Activity Statements – Preparing and lodging Business Activity Statements (BAS) for clients who are registered for GST.
Client Education – Educating clients about tax obligations and financial management to promote informed decision-making.
Collaboration with Other Professionals – Working alongside accountants, financial advisors, and legal professionals to provide comprehensive services to clients.

What skills do I need?

A career as a Registered Tax Agent requires a diverse set of skills that blend technical knowledge with interpersonal abilities. Professionals in this field must possess a strong understanding of tax laws and regulations, ensuring compliance while optimising tax outcomes for clients. Analytical skills are essential, as tax agents must interpret complex financial data and provide sound advice based on their findings. Additionally, attention to detail is crucial, as even minor errors can lead to significant consequences for clients.

Beyond technical expertise, effective communication skills are vital for a Registered Tax Agent. They must be able to explain intricate tax concepts in a clear and approachable manner, fostering trust and understanding with clients. Strong organisational skills are also important, as tax agents often manage multiple clients and deadlines simultaneously. By developing these skills, aspiring tax agents can build a successful career in the accounting industry, contributing to their clients’ financial well-being while enjoying a rewarding professional journey.

Skills/attributes

Strong understanding of tax laws and regulations
Attention to detail and accuracy
Excellent analytical and problem-solving skills
Effective communication skills, both written and verbal
Ability to manage time and meet deadlines
Proficiency in accounting software and tools
Strong ethical standards and integrity
Ability to work independently and as part of a team
Customer service orientation
Continuous learning mindset to stay updated with tax changes

Resources

NATIONAL

QLD

VIC

ACT

TAS

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How to Become a Registered Tax Agent: Australian Careers in Accounting and Bookkeeping

Certificate IV in Accounting and Bookkeeping

Tax Agent Certification

What is a Registered Tax Agent?

Career snapshots For Registered Tax Agents

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes