Tax in Practice (LAWS90233)

Today’s tax professional requires a combination of technical tax expertise and a deep understanding of the practical aspects of operating within the tax system. This subject will cover the latest developments in the essential practical skills required of the tax professional.

The emphasis of this subject will be on equipping you with the practical aspects of dealing with the day-to-day issues you will encounter as a tax practitioner. You will learn the importance of managing tax risk.

The subject will be presented with leading tax practitioners from different sectors including tax law and accounting practice, government, and the corporate sector. It presents a unique opportunity to benefit from their extensive experience.

Principal topics will include:

• The role of the professional, the regulator, the legislature and the courts in the tax system
• Making tax law and tax reform – what is unique?
• The tax practitioner: ethics and obligations; in-house counsel, tax advisors and the Tax Office
• The benefits and challenges of technology and data in tax practice, compliance and administration
• Overview of tax effective writing; providing advice, seeking advice, advocating for clients.
• Interpreting the law: tax office administrative guidance and  protection from amended assessment, penalties and interest
• Navigating the relationship between taxpayers and the Tax Office including negotiations, investigations and disputes
• Tax risk management from a taxpayer and Tax Office perspective;  keeping the client and the board informed.