TTPP 6: How to Build and Maintain Strong Tax Knowledge to Excel as a Tax Professional

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In this episode, I share the strategies and methods that I, myself, have and still use to build and maintain my tax knowledge, to help you do the same.

Regardless of what area of tax you work in, it is undeniably important that you have strong knowledge for the area of tax you work in. 

When it comes to building your tax knowledge, the end goal should not be to know the answer to every tax question that you could ever be asked without checking (that would be impossible given the amount of tax legislation!), but having a good foundation will mean you have a good gut feeling of what the answer will be and will allow you to spot potential risks before things turn ugly.  Tax research can then be undertaken as necessary to ratify the position, and the appropriate consideration given to any risks. 

Building your tax knowledge may seem like an overwhelming task – given the vast volume of information – but like with anything, if you approach it in the right way, you’ll be able to build it quicker than you think. 

It doesn’t matter whether you’re new to working in tax, have decided to swap specialism, or are more experienced and are looking for ways to bolster and maintain your knowledge – I think you’ll take away some useful points and ideas from this episode.

Show notes: thetaxprofessionalspodcast.com/ttpp6
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