Supporting young tax leaders: Next Gen Grant
Published: 17 Oct 2024
Tax can be an incredibly rewarding profession. It’s analytical, creative, interpersonal problem-solving at its best. But we know it can also be tricky to navigate at times, especially for practitioners new to the intricacies of tax, or new to the professional working world entirely.
A recent Tax Institute survey revealed that 72% of respondents didn’t feel their university experience prepared them for a career in tax. Similarly, 82% of respondents felt other young professionals coming into their workplaces were underprepared for the realities of a tax career.
So how do we change this and ensure anyone entering the profession is confident in their skills and knowledge?
Support for your team is support for your business
The same survey found that 89% of respondents said that opportunities for further learning funded through their employer contributed to their job satisfaction, while 88% said that they would be more likely to stay with an employer or join a new employer who offered continued learning opportunities. So investing in your young team members is a win-win scenario.
Learning doesn’t have to just be through structured education programs! Hands-on experiential learning, hearing from experts on tax technical topics and picking up the soft skills of networking and professional conduct can be invaluable to young professionals.
How we’re supporting young tax practitioners
At The Tax Institute, we’re committed to supporting the next generation of tax professionals – whether they’re new to the workforce or new to tax.
As part of our commitment to advance education in tax, we’re offering a new Tax Institute Next Gen Grant, which allows 10 new practitioners to receive a complimentary ticket to the upcoming Next Generation Tax Convention.
“The Next Generation Tax Convention is the first event of its kind on The Tax Institute's Events Calendar, with sessions covering a range of topical, ethical and technical content designed by a committee of young practitioners paving the way for the future,” Ioannou said.
“Whether you're on day 1 or day 100 of your tax journey, the Next Generation Tax Convention has something for you.”
The Next Generation Tax Convention is a 2-day event in Brisbane at the exclusive Calile hotel, where attendees will enjoy 8 tax technical sessions selected specially to support young tax professionals.
3 not-to-be-missed sessions
Navigating the Tax Profession – The wilderness must be explored
Adventure is out there and the wilderness must be explored! Each journey is unique and with so many paths to take it’s easy to see how a career in tax could be daunting. Hear from a panel of seasoned tax wilderness explorers about navigating the profession, finding a mentor and securing the roles you want.
Dealing with emotional and vulnerable clients – When it goes wrong it goes wrong
Life in the tax world is not always a Disney movie. What is not often discussed as a tax professional is the emotional side of tax and how to remain ethical and professional in high-emotion scenarios. Learn strategies for giving clients bad news, recognising the difference between emotional clients and vulnerable clients, and dealing with other emotional scenarios, and delve into the state of accessibility, and protection for vulnerable clients in our tax system.
The new tax landscape – The winds are changing
The tax landscape is constantly undergoing significant transformation, particularly as regulatory requirements evolve and technology advances rapidly. Hear straight from the ATO on how we can expect these changing winds to influence tomorrow’s tax professionals. Explore topics including changes to tax law administration, advice and guidance, the new professional guidelines, ATO Data Matching and the role of AI.
About the Next Generation Tax Convention
26–27 November 2024 | The Calile Hotel Brisbane | 8 CPD hours
A unique opportunity for new tax professionals to experience what it means to be part of the thriving tax community.
How to express your interest in a complimentary ticket
We’re excited to offer members the opportunity to nominate themselves or their team members to receive complimentary tickets through the Next Gen Grant.
If you, or someone you work with, mentor or know personally could benefit from experiencing a Tax Institute CPD event first-hand, complete the form below by Friday, 22 November 2024.
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