Taxation cuts through the heart of all lives. It is an indispensable aspect of every economy. The highly sophisticated domain of tax requires specialists to interpret, communicate and develop tax laws and formulate plans for corporations or individuals alike. All said and done, interpreting tax laws isn’t every layman’s cup of tea. It requires highly skilled tax professionals to do the job. If you are considering a career in taxation, then a degree in finance or taxation would help you gain proficiency in the field. Taxation is a fascinating field that aims to offer an overview of taxation policies, principles and alternative tax systems. Here is a brief overview on taxation courses. Read on to educate yourself more on this.
Taxation Courses
Course Details
Eligibility
Several universities and tax institutes offer various online certificates as well as post baccalaureate courses in taxation. While the online programs are an easy way to earn a degree, a master’s or a doctorate degree in taxation is one sure-fire way to exciting career opportunities. Applicants interested in a master’s degree program should have a background in accounting, business or finance, and candidates with a strong base in business statistics, financial accounting, managerial accounting and microeconomics. Although undergraduates are eligible to apply for doctoral programs, most colleges encourage an additional graduate degree. Candidates applying for PhDs should have an exhaustive knowledge of advanced mathematics including calculus, analysis, statistics and probability.
Details Of The Course Curriculum
The basic coursework for taxation involves wide-ranging and comprehensive courses in taxation, law, accounting and economics. The curriculum for a core degree course is devised to furnish the students with necessary skills required to build a career in taxation, commerce and accounts. The core course involves:
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Tax concepts
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Tax research
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Partnership taxation
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Corporate taxation
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Estate and trusts
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Taxation of individuals
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International taxation
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Business expenses, deductions and credits
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State and local estate and gift taxation
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Financial reporting
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Accounting research
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Empirical methodology
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Information economics in accounting
Specialization
Students specializing in taxation can opt for other specialized courses apart from the professional degree to create a career niche in the convoluted, ever-changing world of taxes. Some common areas of specialization include:
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Financial Consulting
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International Tax
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Law
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Management Consulting
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Tax Research and Decision-Making
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Property Transactions
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Estate and Gift Taxation
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Bookkeeping
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Auditing
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Accounting
Skills Required
While a career in tax can come across as a lucrative bet, creating a career niche in the taxation can be a different ball game altogether. Individuals aspiring to make it big in accounting and taxes should have a comprehensive knowledge of tax laws, to begin with. Since tax laws are prone to frequent amendments, aspiring tax specialists may need to frequently update their skills and knowledge. Another important asset required for the trade is people’s skills. Computer skills, communication skills, time management, critical thinking, complex problem solving, attention to detail and ethics are other primary skills required for the profession.
Career Prospects
A degree in taxation can catapult your chances into a challenging and rewarding career. In today’s time and age where tax is regarded as the spine of all economy, the need for qualified tax experts is on an all-time high. Right practical knowledge coupled with efficient interpersonal skills can find you a job in both large corporations and small tax consultancies as Collectors, Tax Accountant, State Local Tax Attorney specialists, Tax Policy Analyst, Tax Recruiter, tax advisor, Employment Tax Specialists, Tax Manager, Tax Examiners, Revenue Agents etc.
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Curtin University, Perth, Australia
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University of Queensland, Brisbane, Australia
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University of Baltimore, Maryland, USA
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University of New South Wales, Kensington
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California Tax School, California, USA
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Bridgwater College, Somerset, UK
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Shrewsbury College of Arts & Technology, England
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Philadelphia University, Pennsylvania, USA
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University Of Denver, USA
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Golden Gate University, San Francisco, USA
