Join the franchise, learn tax and develop your business at the same time

You do not need tax experience or knowledge to join our franchise. But you do need to be prepared to take active steps to learn taxation using a variety of tools, courses, knowledge aids and options. Everyone has their own learning style by which they learn and absorb information. You will know whether, for example, self-paced learning, online learning, or face to face courses work best for you. Ideally you should use a variety of options to achieve the desired outcome.

Here are some useful factors to help you work out if you have the right focus and aptitude:

  1. You need to be committed and to be realistic. Learning occurs over time – like an apprenticeship. In this industry you need to be a life-time learner as there are constant changes.
  1. You can join our franchise, and learn tax in stages through a variety of options as shown below. At the same time you will be advertising for clients, accepting work and developing your business. This gives you the opportunity to apply what you have learnt. Skills and knowledge are retained if they are practised. You will also receive technical feedback and support as an on-going service from us to help with new areas of work or where your knowledge is limited.
  1. Here is how Success Tax Professionals can help you learn tax  (plus practice management and business development).

 

In-house Options For Learning Tax

1

Face to face — Induction Training — 1 x 6 hour session.

2

Online Self Paced — Modules x 8 — read, research and test knowledge though assignment style questions. Examples of topics include Salary and Wage Basics, Tax Planning, Trusts. 400 hours of learning completed over a 12-18 month period.

3

Face to face — Formal Success Tax Professionals Training Programme — 6 full days per year — comprising training and interactive workshop style learning.

4

Online — Access to our training library – 8-10 NTAA (National Tax and Accountants’ Association) manuals. Manuals are typically 200 pages each and cover up to date legislation, policy, tips, case studies and specific topics. Here are some examples: Trusts, Tax and Property, FBT Basics, Income Tax Basics, Tax Hot Spots. Manuals are replaced and updated on an on-going basis.

5

Online — Access to our video library — 12 x 1 hour tax videos from the NTAA covering changes, updates, tips, case studies.

6

Online — iKnow software is provided in the first year of recruitment (and then purchased by the franchisee thereafter with our group discount). iKnow by CCH is a valuable and essential research tool for tax, which simplifies and supports working in the tax environment. In addition a 10 page summary is provided weekly explaining changes, legislation passed by government, case studies, changes in ATO determinations etc.

7

Face to face/Email/Phone Support from a trainer  — Up to 15 hours of approved assistance to help new franchisees with specific casework

8

Email/Phone Support — On-going access to a registered tax agent to assist with casework, general questions, receive guidance.

9

Online — Access to our interactive forum for discussing tax, accounting, software and practice management scenarios and questions.

10

Online — Access to our living environment of work tools, letters, forms, checklists

11

Online — Access to Sage Handisoft Manual and support from Sage

 

  1. Here are some external options for learning tax. Ideally you will be using a variety of methods. For example all of our in-house options listed above, plus you might decide to enrol in the H&R Block course or one of the online programmes to help build your foundation or starter knowledge.

 

 

External Options For Learning Tax

1

H & R Block Income Tax Return Course

(Courses typically run face to face Feb-Jun each year. Enrol in time for a February start. The course runs for 16 weeks and you will need to attend one three hour classroom session per week. Most locations offer morning, afternoon or evening class options.)

2

ITP Tax Courses

(Courses typically run face to face Feb-Jun each year. Enrol in time for a February start.)

3

Australian Tax College Online course

4

The Tax Institute

5

Tax Banter

6

Australian Online Course: Taxation Courses:

Australian Online Courses

Australian Online Taxation Courses

7

Q Tax

8

Courses run by professional bodies like:

CPA

IPA

CA

9

NTAA

10

ATO Legal Database

11

ATO Online Webinars: (type in webinars on the site search field)