What The Tax professional Should Be Able to Do
Are you interested in a career as a tax professional? Even if you are skilled with the software available on the market, it is not enough to become an expert in tax preparation. A true pro can bring forward solid training and particular personal skills.
How to become an expert in tax preparation?
Tax preparer: the best training
Choosing the best training to become an expert in tax preparation takes some thought. What kind of work do you want to do? Do you want to file simple income tax returns for individuals or do you dream of undertaking complex tax preparations for business people?
If you want to make a career as a tax preparer in companies specializing in tax returns, you can take a short training of approximately 75 hours. This type of training teaches you how to prepare a simple return, the credits and deductions to claim, and the tax strategies to apply.
To become a real expert in tax preparation, you must take a course in taxation. Concretely, this means that you have to pursue studies to become an accountant. Yes, the accountant is the undisputed expert when it comes to filing income tax returns for families, retirees, entrepreneurs, etc. Even individuals often benefit from working with an accountant to obtain the best possible tax arrangements.
The skills and qualities it takes to become an expert in tax preparation
Of course, the tax field is primarily suitable for people who have a keen interest in numbers and an ease of working with specialized software. In addition to these skills, you must also demonstrate the following qualities:
- Ease of communication.
- A great listening capacity.
- The direction of the organization.
- Autonomy and initiative.
- The sense of responsibilities.
- The ability to withstand pressure.
- Good judgment and a spirit of synthesis.
Depending on the employer for whom you work, bilingualism may be required. Finally, it should be noted that discretion is not an asset, but a prerequisite for those who wish to become experts in tax preparation.
The Community Volunteer Income Tax Program
Each year, the Canada Revenue Agency (CRA) and certain community organizations organize tax counters where volunteers assist individuals in preparing their tax returns. To participate, you must:
- Be part of a community organization.
- Know how to file simple tax returns.
- Be registered as a volunteer on the ARC website.
- Be able to provide proof of your police record check.
Craftsmen and industrialists imposed on the BICs have more rigorous accounting obligations than the self-employed under the BNC. Any expenditure must be able to be justified or even declared above a certain amount or simply on request. The tax authorities may very well deem certain deductible expenses unreasonable and recognize them in taxable expenses.