Accounting

Tax Consultant/Agent

Tax consultants help individual or business with tax advice, tax returns and lodgements, and planning their finances.

  • Entry-level education

    VET qualification

  • Job outlook

    1 2 3 4 5

What does a Tax Consultant/Agent do?

Tax consultants help individual or business with tax advice, tax returns and lodgements, and planning their finances.

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Work activities

As a tax consultant, you would:

  • meet clients and discuss their financial situation
  • gather information and data needed to complete tax returns
  • use specialised accounting software to fill in, check and lodge tax returns
  • explain tax laws and regulations to clients
  • advise clients on tax planning so they don't overpay tax
  • negotiate with the Australian Taxation Office on your client’s behalf
  • keep up to date with tax laws and regulations
  • provide other accountancy services in some instances.
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Key skills and interests

To become a tax consultant, you would need:

  • the ability to interpret figures and information
  • excellent maths and IT skills
  • strong analytical and problem-solving ability
  • a high degree of accuracy and attention to detail
  • good spoken and written communication skills
  • good organisational and time management skills.
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Working hours and conditions

Working Hours

In a full-time role, you would typically work standard office hours, Monday to Friday, with possible overtime at busy periods, such as the end of the tax year.

Conditions

You might work for an accounting firm, a firm of specialist tax agents, or be self-employed. You would be office-based but may spend time travelling to clients for meetings and audits. A current driver's licence may be needed.

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How to become an Tax Consultant/Agent?

Entry Level Education

Tax agents are usually qualified accountants. You would become an accountant by completing a diploma or degree in accounting, or a related field such as business or commerce with a major in accounting. To get into these courses you usually need to gain your senior secondary school certificate or equivalent. English and mathematics would be appropriate subjects to study prior to tertiary study or university.

In some instances, tax agents are qualified lawyers with the appropriate qualifications to be certified to practise law in Australia.

Tax agents need to be registered with the federal Tax Practitioners Board. Individual applicants must satisfy certain qualifications and experience requirements, which are set out in the Tax Agent Services Regulations 2009.

www.tpb.gov.au

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Job outlook

  • 1 2 3 4 5

Employment of tax agents is expected to remain neutral or decline slightly in the next 3-5 years. 

For corporate organisations there has been an increased focus on accounting and financial compliance in response to stricter laws and regulations. Additionally, the continued globalisation of business should lead to increased demand for accounting expertise and services as they relate to tax matters.

For personal tax and small businesses there is an increasing number of sotwares available to use in place of a tax consultant. In Australia the Australian Tax Office has launched an online system for people to self-complete their tax forms.

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