The Australian tax profession is operating within an increasingly complex and rapidly changing legislative landscape. It requires tax professionals to update and maintain their professional knowledge and skills at a greater pace.
In addition to continuing professional development (CPD), it’s not unusual that a tax professional will look for opportunities to stay relevant to their clients by undertaking some form of formal learning.
Investing in your career is exciting as it gives you a sense that you are setting goals and moving forward. Of course, there may also be some challenges as you work towards these goals.
Sometimes this can feel like sailing into unchartered waters, particularly if it has been a few years since you did it before. With work, family and other commitments already taking up so much of your time, how will you be sure to keep it all in balance?
Fortunately, there are a few things you can do to ensure that making this investment in your career is, while potentially challenging, a positive and fulfilling experience.
1. You’re not alone - build your network
Participating in formal learning likely means that you will become part of a peer group, who are having the same experience. Connecting with other learners in your program by taking advantage of interactive features like chat sessions, live webinars and other means of collaboration will provide you with an immediate network to help you meet your goal.
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2. Choose a program to fit your lifestyle
With so many flexible learning options available, it is possible to learn in a way that fits around your work schedule and family commitments. For many, online learning provides the greatest flexibility, accessing the learning where and when you want to. If you prefer some interaction as you learn, perhaps there are face-to-face options outside office hours that will limit any adverse impact on your day-to-day work responsibilities.
3. Set up a good support network
Let everyone in your support networks know – family, friends and colleagues – about the investment you are making in your career and the goals you are setting yourself. This will put them in a position to support you in the ways that you need, and in ways that they can. For example, your colleagues could share their knowledge and bounce ideas around. Make sure you also look out for and take advantage of any support services offered by your learning provider.
4. Plan your time and treat yourself
Time management is critical whatever type of learner you are. Be on top of your schedule and factor in the time you will need to focus on achieving your learning goals. Mark your calendar with any and all key dates including interactive sessions and deadlines for assignments or assessments. Be realistic in setting aside the amount of time you will need to dedicate to your program. Make sure you also deliberately schedule time for yourself to rest, recharge and switch your attention, to be sure you stay on your best form and set yourself up for success.
Now, more than ever, it’s easier for professionals to brush up their skills and remain relevant in the new world of work.
Whether you want to become a Chartered Tax Adviser (CTA) or satisfy the education requirements for registration as a Tax Agent, you can do so with The Tax Institute. Hurry, enrolments close on Monday, 21 October. Learn more.