For many, the annual tax return is a book with seven seals. Tax advisors help their clients to find their way around the complex field of “tax law” . Tax advisors don’t just fill out forms. They are very familiar with the economic and personal issues of the companies they serve. In addition, they often advise their clients on business issues and take on accounting and controlling tasks .
Course content of taxation?
According to Toppharmacyschools, studying taxation prepares you for the responsible tasks of a tax advisor. Taxation is a focus in an economics degree such as business administration , economics or business law . Students studying law also have the opportunity to specialize in taxation.
Where is the taxation subject offered?
In addition, some technical colleges and universities now also offer independent courses on taxation. These dual courses of study often combine training as a tax consultant with a university degree.
In the bachelor’s degree
In the independent bachelor’s degree programs, students first learn basic business and economic knowledge. The students get to know the basics of accounting and business law. There are also lectures and seminars on taxation.
The curriculum includes topics such as sales tax or balance sheet tax law. Courses from the areas of controlling or business informatics round off the range of courses.
After completing their bachelor’s degree, graduates can start working directly. After three years in the profession , it is then possible to take the tax advisor examination. Only after this examination can the graduates be appointed as tax consultants and officially use the title of “tax consultant”.
In the master’s degree
Those who continue to study for a master’s degree will be admitted to the tax advisor examination after just two years. In the master’s program, students expand their knowledge in the areas of business administration, accounting and tax and civil law. They also train their technical English and leadership skills . The master’s courses are also open to business and law graduates.
Requirements for studying taxation
Budding tax advisors should of course be interested in economic and tax issues. In later professional life, however, qualities such as integrity and confidentiality are also required. Since most of the work of tax consultants is now done with the help of special computer programs, a technical understanding is also desirable. The master’s courses in particular require a very good command of English.
Career prospects for tax consultants
With a bachelor’s or master’s degree under their belt, most graduates begin their careers as assistants or junior consultants. Employers are tax advisory firms and other advisory or tax auditing offices . The area of responsibility includes, among other things, advising clients and preparing tax returns and balance sheets.
After passing the tax advisor exam, graduates are also able to take on management positions or work as an independent tax advisor . Many set up their own tax office or become self-employed as consultants or auditors.
Regular training courses are required to ensure that you always stay up to date with the latest tax law. In addition to advisory activities, you can also work as a mediator, insolvency administrator or trustee . Master’s graduates in particular can also embark on an academic career and go into university research and teaching.
Study international taxation
Large consulting firms with international clients in particular require excellent foreign language skills and intercultural skills from their employees. But these skills are also becoming increasingly important in smaller consulting offices.
Studying abroad offers the opportunity to gain experience abroad. Students train both foreign languages and intercultural dialogue .