Taxation Accountant Career and Immigration options for Australia
Taxation Accountant Analyses, reports and provides advice on taxation issues to organisations or individuals, prepares taxation returns and reports, and handles disputes with taxation authorities. Registration or licensing may be required.
Profile Title: Taxation Accountant Career and Immigration options for Australia
Alternative Title:Taxation Agent Taxation Consultant
ANZSCO Code: 221113 | Unit Code: 2211
Skill Level: Level 1 | Work Experience: 5 Years
Assessing Bodies: Certified Pratising Accountants Australia/ Institute of Public Accountants/ CAANZ)
Skill Occupation List (SOL): MLTSSL
Specialization: Not Defined
Profile Description: Analyses, reports and provides advice on taxation issues to organisations or individuals, prepares taxation returns and reports, and handles disputes with taxation authorities. Registration or licensing may be required.
Job Duties:
- assisting in formulating budgetary and accounting policies
- preparing financial statements for presentation to boards of directors, management, shareholders, and governing and statutory bodies
- conducting financial investigations, preparing reports, undertaking audits and advising on matters such as the purchase and sale of businesses, mergers, capital financing, suspected fraud, insolvency and taxation
- examining operating costs and organisations income and expenditure
- providing assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements
- providing financial and taxation advice on business structures, plans and operations
- preparing taxation returns for individuals and organisations
- liaising with financial institutions and brokers to establish funds management arrangements
- introducing and maintaining accounting systems, and advising on the selection and application of computer-based accounting systems
- maintaining internal control systems
- may appraise cash flow and financial risk of capital investment projects
Skill Level Description: In Australia and New Zealand: Most occupations in this unit group have a level of skill commensurate with a Bachelor Degree or higher qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1). Registration or licensing may be required.
Available Visa Options (As on February 2024):
- 186 - Employer Nomination Scheme visa (subclass 186)
- report caveats apply
- 189 - Skilled Independent (subclass 189) - Points-Tested
- 190 - Skilled Nominated (subclass 190)
- 407 - Training visa (subclass 407)
- 485 - Temporary Graduate (subclass 485) - Graduate Work
- 489 - Skilled Regional (Provisional) visa (subclass 489) - Family sponsored
- 489 - Skilled Regional (Provisional) visa (subclass 489) - State or Territory nominated
- 482 - Temporary Skill Shortage (subclass 482) – Medium Term Stream
- report caveats apply
- 187 - Regional Sponsor Migration Scheme (subclass 187)
- 494 - Skilled Employer Sponsored Regional (provisional) (subclass 494) - Employer sponsored stream
- 491 - Skilled Work Regional (provisional) visa (subclass 491) State or Territory nominated
- 491 - Skilled Work Regional (provisional) visa (subclass 491) Family Sponsored
Registration or Licensing: may be required
Industries: Accountants are mainly employed in: Professional, Scientific and Technical Services; Financial and Insurance Services; and Manufacturing
Education Profile: The most common level of educational attainment for Accountants is Bachelor degree (53.1 per cent).
Job Opening: Over the five years to November 2019, the number of job openings for Accountants is expected to be high (greater than 50,000). Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce).
Age Group: The main age group is 25-34 years (33.0 per cent) and the median age is 38 years (compared to 40 years for all occupations).
Gender: The female share of Accountants is 49.3 per cent and 81.1 per cent of Accountants work full time. Average weekly hours for full time workers are 40.3 (compared to 40.2 for all occupations).
Earning: In August 2014 (latest available data) weekly earnings full-time before tax (and not including employer superannuation) were $1,404 (compared to earnings for all occupations of $1,200).
Employment: Employment for this occupation rose strongly (in percentage terms) in the past five years and rose strongly in the long-term (ten years). Looking forward, employment for Accountants to November 2020 is expected to grow strongly.
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