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TitlePub. DateDuration
TTPP105: How to Be The External Tax Advisor In-House Tax Teams Want with Stephen Hodgson 01 Sep 202400:57:19

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In this episode, learn what in-house tax teams value and want from external tax advisors, so you can be their advisor of choice, with our guest Stephen Hodgson, in-house Head of Indirect Tax at Entain. There’s some excellent advice from Stephen too re how to break bad news to a client in a good way and re what practical tax advice actually is.

Show notes: thetaxprofessionalspodcast.com/TTPP105

Tax Advice Masterclass (next one Nov 24): https://www.thetaxprofessionalspodcast.com/masterclasses/ 

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • The indirect tax team that Stephen runs
  • (9:00) The type of external advice that Stephen’s team in particular take
  • (13:00) What do in-house tax teams want from external advisors 
  • (15:15) What level of responsiveness/communication is needed to keep in-house tax team happy
  • (20:00) Whether, even as a large corporate, they would only consider Big 4 advisors?
  • (23:00) The impact of cost when it comes to choosing and working with external tax advisors
  • (25:30) The factor of industry knowledge and direct knowledge of the business
  • (28:30) What Stephen means by practical advice (which is valued very much)
  • (34:15) What a bad external advisor looks like? Bad traits/attributes
  • (36:15) How to deal with giving advice the client won’t want to hear in a way that they value
  • (40:30) Who interacts with external advisors – is it only the heads of tax?
  • (43:00) How to build a relationship with an in-house tax team from scratch to have the opportunity to support them
  • (51:00) What Stephen would do differently when working with in-house tax teams, if he were to go back to practice
  • (54:30) How an external tax advisor can be the advisor that an in-house tax team wants to work with and value?

Resources

Previous episode with Stephen: TTPP53: Moving from Practice to In-House (Industry) with Stephen Hodgson, In-House Head of Indirect Tax 

I'm Taking a Break and Future of the Podcast - Update from Me04 Jul 202400:18:13
TTPP96: Why She Failed One CTA Paper Multiple Times but Then Passed and Qualified with Amy Rylance11 Mar 202400:48:05

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Show notes: thetaxprofessionalspodcast.com/TTPP96

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Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  •  A bit about Amy and her tax career 
  • (5:45) Overview of Amy’s ATT and CTA journey, including what happened when she sat her first CTA paper
  • (12:00) Amy’s key advice for passing the CTA Application and Professional Skills (APS) paper
  • (16:30) With hindsight, how would Amy have prepared differently for the CTA Human Capital Advanced Technical Paper (HC AT)
  • (19:15) How Amy kept motivated and determined to pass after her knockbacks and why she almost gave up
  • (25:00) The evolution of her mindset – to get the right one to pass
  • (28:00) What Amy did differently, the time that she passed – how she passed and studied learnt the whole syllabus with a deep understanding of the topics 

Resources

Tax flashcards/squares – email Jack (jack@thetaxprofessionalspodcast.com) or Nitin (cta@bpp.com) for samples.

FREE – CTA Study Phase Checklist so you can make sure you ‘complete’ the study phase before revision, going into revision as prepared as you can

FREE – ATT/CTA revision folder guide, which was made when the exams became open book. This is somewhat outdated now, but there is still useful information in there

FREE – 8 CTA/ATT revision tips summary, which does exactly what it says on the tin

Other exam-support related podcast episodes: https://www.thetaxprofessionalspodcast.com/category/podcast/att-cta/

TTPP12: Road to Tax Manager – Accelerate Your Progression with 10 Tips Learnt From My Journey09 Nov 202000:34:19

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Show notes: thetaxprofessionalspodcast.com/TTPP12
Subscribe: thetaxprofessionalspodcast.com/subscribe

You’ll Learn

·         10 tips to help you progress and improve your tax career

·         About misconceptions that I had about a successful tax career, so that you can throw them out the window and focus on what’s important to progress

·         The benefits and value of having a tax specialism

·         How to create your own career USP

·         Key skills that you should start learning as soon as possible to set you up well for your future career in tax

Related Episodes

·         TTPP 3: How to Obtain Good Quality Feedback (and Why You Should Ask for More!)

·         TTPP 4: How to be a Better Delegator to Progress your Career with Mike Clayton

Calls to Action

·         Decide on or understand what your USP is

Intro

A long 5 years ago (yes long!), I started my tax career as a Trainee Tax Consultant.

As a naïve and slightly over-confident 21-year-old, I thought I knew exactly what I needed for a successful tax-career and that it would be plain sailing. 

I can now confidently say that I had no idea. Who would’ve known!

Over the past 5 years, I’ve become CTA qualified and most recently, promoted to Tax Manager. Both of which I am proud of.

I’m not saying these to brag or show off in any way. I’m saying it to give you confidence that you can achieve it too, and to just say I’ve learnt a thing or two over the past 5 years that I’d like to share that I think you’ll find useful.

So, in this episode, I’m sharing tips from what I’ve learnt on my journey to Tax Manager, to help accelerate your progression and improve your tax career. 


TTPP11: How to Increase Your Chances of Winning/Converting Tax Work with Martyn Sloman (Without Being Pushy!!)26 Oct 202001:03:02

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You’ll Learn 

  • How to improve your chances of converting opportunities into client work without being pushy 
  • The common mistakes that people make when it comes to selling so you can avoid them 
  • What the preparation stage before a meeting to discuss opportunities with a client or prospective client should consist of 
  • What you should do during and at the end of these meetings to increase your chances of converting the opportunity into paid work
  • How best to follow up an opportunity with a client after you’ve quoted, without being pushy   
  • How to politely ask a client if they are still interested in a potential service, and how you can use Martyn’s ‘ultimatum’ email as a last resort 

Introduction

If you work in a role where you provide tax services and advice, at some point you will be faced with the requirement to win client work.  

Or, if I were to use the dreaded word, ‘selling’ services to clients. 

As tax professionals, this is not something we are taught how to do. It’s one of those things we are expected to ‘pick up’ on the job. 

But it is absolutely paramount that you are able to win client work if you want to make it to Senior Manager or above, generally speaking. In some firms, you may even need to do this at more junior roles. 

So, if you want to progress your career to these levels, you will need to develop and work on the skill of winning client work. 

That’s why I thought it would be great to invite this episode’s guest, Martyn Sloman, onto the podcast.  

Martyn is known as the “non-pushy” sales trainer – which instantly caught my attention, as I’ve been worried about coming across as pushy in the past, and maybe you have too. 

All of Martyn’s advice is provided to help you be “non-pushy” too, but be “professionally persistent”.  

In the episode, Martyn provides some great tips to improve your chances of winning client work.  

So, if this is something you are looking to get better at, I highly recommend you take a listen! 



Show notes: thetaxprofessionalspodcast.com/TTPP11
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TTPP 10: How to Write Good-Quality and Practical Tax Advice 11 Oct 202000:31:33

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Show notes: thetaxprofessionalspodcast.com/TTPP10
Subscribe: thetaxprofessionalspodcast.com/subscribe

You’ll Learn 

  • The approach I recommend you take to write good quality tax advice 
  • What you should do before and after writing the advice 
  • How to become quicker at writing advice
  • Some final tips to help you become better at writing tax advice

Related Episodes

Resources

  • Eats, Shoots and Leave book by Lynne Truss (a book to help you master correct punctuation, if you prefer books – I know I do!) 

    Just to note, if you purchase through this link, you will support the podcast as Amazon will make a small referral payment to me at no additional cost to you.

  • Free apostrophe guides:

         o   https://www.thepunctuationguide.com/apostrophe.html

         o   For Acronyms in particular: here

  • Free guide to avoid comma splicing: here

  • Skill Share (where you can improve your skills from from online courses, covering everything from Excel (and other hard skills) to business writing (and other soft skills!).

    You can get access to all of their courses for free two months by signing up with this link: 2 Free Months of Skill Share

    Just to note, by signing up for the free 2 months through this link, you will support the podcast, as Skill Share will make a small referral payment to me, at no cost (and no additional cost if you decide to continue to use after the free two months) to you.
TTPP 9: Impact of COVID-19 on Tax Job Market and Tips to Secure a New Job with Georgiana Head 27 Sep 202000:50:16

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You’ll Learn 

  • About the impact that COVID-19 has had on the tax-job market 
  • Trends in terms of how coronavirus has affected the recruitment process of tax jobs and remote working 
  • Georgiana’s tips on how to approach your job search 
  • Georgiana’s CV and interview preparation tips for tax professionals 
  • What you could do if you’ve been made redundant to increase your chances of getting a job quickly

Introduction

Coronavirus has taken its toll across the UK economy, and it is no secret that it has taken an impact on available jobs, including jobs within the tax profession.  

Some working in tax have been furloughed for prolonged periods, and some will be at risk of, or have already been faced with, redundancy.  

It is inevitably a difficult time, and I wanted to help in some way through the podcast, to help those of you who are in an unfortunate position and need to look for a new job in an unprecedented market. 

So, Georgiana Head, an experienced and well-known tax recruiter, joined me on the podcast to explain from her experience what the current tax-job market looks like, how it is changing, and to provide you with tips to improve your chances of successfully landing your next job. 

Georgiana first trained in tax, becoming ATT qualified and working for PwC, before moving to recruitment. She works closely with candidates to help them understand suitable and available jobs, even if this is for a role which she is not recruiting for, and helps them to increase their chances of being offered a tax job by improving CVs and helping them to properly prepare for interviews.  

Take a listen to find out what Georgiana has to say!

Show notes: thetaxprofessionalspodcast.com/TTPP9
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TTPP 8: Essential Excel Tips for Tax Professionals13 Sep 202000:33:54

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Show notes: thetaxprofessionalspodcast.com/ttpp8

You’ll Learn 

  • Essential Excel shortcuts and time-savers to enable you to become quicker at using Excel 
  • Highly used, must-know and beneficial formulas, which will enable you to do 90% (or at least most) of the tasks you’ll ever need or want to do in Excel 
  • Tips to help you review formulas to correct mistakes and errors 
  • Some pointers for good practice when creating an Excel sheets so they are more useable, easily understandable, and less likely to be broken by others 
  • What you can do if you’re stuck 


Introduction
Before I started working in tax, being able to use Excel hadn’t even crossed my mind. 

All I thought would be important was learning tax rules and being able to advise accordingly. 

But, as you probably know, there’s much more to being a tax professional. 

You may not see it as essential but being able to use Excel well will save you SO MUCH time and hassle in the long term. And there will probably be times where you have no choice but to use it! 

I got thrown in the deep end within weeks of my first tax job, with what was a large and difficult Excel task, with another one to follow shortly after. I had no prior knowledge or experience in Excel at this point (apart from the basics of adding and subtracting!), which made this all the more tricky.  

At the time I didn’t realise what a great opportunity this was. I just wanted to get stuck into learning tax.  

But looking back, it really was an excellent experience for me in building my Excel skills. I was enrolled on a thorough online Excel course and then immediately after able to apply what I’d learn in a practical, real scenario. 

Since, I’ve built many spreadsheets since which I’ve been proud of. Yes – it is possible to be proud of a spreadsheet!  

The only thing with courses for Excel is they are, generally speaking, very generic. Only some of what you learn will be useful on the job, and if my experience is anything to go by, you’ll probably never use large amounts of it again.  

That’s not a good use of time and personally I think unnecessary for many people to do. 

To save you time, energy and effort, I bring you this episode to give you what I think are the key Excel essentials. 

From my own experiences, these will enable you to do most things that you’ll ever need to do in Excel as a tax practitioner and will enable you to do these quickly to save time, which is such a precious resource in today’s world. 

There’s so much more I could have put into this episode but to keep it brief and relevant, I’ve only included what I think are the must-knows. So, there’s a good chance there will be future episodes supplementing this.  

Take a listen to find out more – I think you’ll find it useful.  


TTPP 7: How to Have Effective Meetings as a Tax Professional with Loren Lazarony30 Aug 202000:53:53

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Ever come out of a meeting, thinking that it was a complete waste of time?  Like it was not necessary for you to attend the meeting?  

That your time could be better spent elsewhere? 

You’re not alone.  

This is a common problem for those who work in professional services (and not just restricted to us who work in tax!). Learning how to run an effective meeting is one of those things we are not taught.  

We end up learning from observing, and there’s a good chance the people we observe haven’t been taught how to run an effective meeting either.  

Can you see the problem? 

The thing is, running an effective meeting is not rocket science, as this episode’s guest, Loren Lazarony put it, as long as you know HOW.  

Once you know how and have a little practice, it is easily doable!  

Loren is the owner of Laz International Training, and has been providing business skills and project management training to global professionals for over 8 years. He has particular expertise in relation to running effective meetings, which he has distilled down into an online course. 

Meetings are an integral part of being a tax professional. For me, being able to run effective meetings is especially important in relation to client ones, but regardless of whether you work for an advisory firm, within an in-house tax team, or otherwise, being able to run effective meetings will benefit your career. 

In the episode, Loren provides lots of great straightforward, practical tips that you can implement to enable you to run more effective meetings. 

Take a listen to this episode, and let’s put an end to bad meetings!

Show notes: thetaxprofessionalspodcast.com/TTPP7
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TTPP 6: How to Build and Maintain Strong Tax Knowledge to Excel as a Tax Professional 16 Aug 202000:18:13

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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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TTPP 5: How to Pass the November 2020 ATT and CTA Exams (Open Book for the First Time) with Nitin Rabheru 02 Aug 202001:00:41

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For the first, and maybe even the last, time ever, the November 2020 ATT and CTA exams will be ‘open book’, which means that you can take materials into the exam. 

Whilst it is arguably going to be ‘easier’ (I say that with caution), don’t fall into the trap of thinking that the exams are now going to be easy. The standard of questions is not changing, and so you will still need to adequately prepare in order to ensure pass. 

Studying towards an open book exam requires a different approach than if the exam was not open book.  

If you’re like me, however, you may have never sat an open book exam before, and so have no clue on the approach you should take or where to start.  

Fortunately for you, Nitin Rabheru, a CTA, ATT and other professional exams lecturer for BPP, knows exactly what to do, and is here to help! 

Nitin is a passionate lecturer that has, and still does, teach students on how to pass open book exams. He has over 20 years’ experience and really cares about the success of students, providing lots of great material on LinkedIn.  

In this episode, Nitin shares some invaluable, unique advice on how to properly prepare for the open-book November 2020 sittings.

Subscribe: thetaxprofessionalspodcast.com/subscribe
Show notes: https://thetaxprofessionalspodcast.com/TTPP5
10 tips to pass the November 2020 ATT & CTA Exams


TTPP 4: How to be a Better Delegator to Progress your Career with Mike Clayton 19 Jul 202000:55:49

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Delegation is one of those skills that, once mastered, will become an exceptionally useful tool for you. It will help you progress, develop and get more out of your tax career, as well as help to improve your work-life balance (if this is something you desire!). 

But if you’ve had to opportunity to delegate, you’ve probably encountered a situation where delegation hasn’t gone to plan, leaving you feeling frustrated, annoyed, and like it’s quicker to do the work yourself.  

You’re definitely not alone with that experience. Delegation is a skill, and like any other skill, it must be learnt, developed, and improved over time. 

In this episode, Mike Clayton, from his extensive experience as a business trainer, author and speaker in helping professions, managers and leaders to excel, provides some great insights and advice so that you can become a better delegator. 

Show notes: thetaxprofessionalspodcast.com/TTPP4

TTPP 3: How to Obtain Good Quality Feedback (and Why You Should Ask for More!)06 Jul 202000:22:25

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Feedback.  

It is one of those things that many of us know is beneficial to help us develop and grow, but despite this, we choose to avoid it.  

Obtaining feedback is feared. It can make us feel uncomfortable, threatened, and defensive. But by not taking advantage of feedback, we are depriving ourselves of a useful resource. 

As tax professionals, a lot of the skills we need to are learnt through experience and practice alone, rather than taught to us in a classroom. And this makes feedback even more valuable to us.  

Feedback doesn’t need to be this big scary task that is dreaded. In fact, we should embrace it, and see if for what it is – an opportunity to help us grow and develop.  

I hear you. Easier said than done, I know, but still doable. 

To reap the full benefits of obtaining feedback, you should: 

  • Adopt a ‘growth’ mindset 
  • Ask the right questions  
  • Make it easy for people to give you feedback 
  • Properly reflect and act upon feedback received 

Want to learn how? Take a listen to this episode! 

Oh, and equip with the knowledge learnt in this episode, I challenge you to ask for 5 pieces of feedback in the next week. 

TTPP95: When and How to Instruct the Perfect Tax Barrister as a Tax Professional with Devereux Chambers26 Feb 202400:49:05

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Show notes: thetaxprofessionalspodcast.com/TTPP95

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Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

In this episode, we are joined by Devereux chambers – specifically Max Schofield (a tax barrister), Glenn Billenness (Director of Clerking and Business Development) and Aparna Nathan KC (a tax barrister).

You’ll Learn

  • (6:15) What does instructing mean when it comes to tax barristers and who can instruct one?
  • (13:00) What does litigation mean?
  • (16:30) What can you instruct a tax barrister to do (i.e. how can they help you and your clients)?
  • (20:30) What exactly are barrister opinions for tax and are they helpful?
  • (27:15) At what point/when should a tax barrister be instructed?
  • (36:30) What’s the difference between a KC and non-KC barrister?
  • (41:45) How do fees work?

Resources

Related eps:

Tax Research Masterclass (link to business case in the full details)

TTPP 2: How to Improve Your Productivity with Better To-Do List and Email Management with Carl Pullein05 Jul 202000:48:06

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As tax professionals, there are times when we are exceptionally busy. Dreading tax return seasons, or that one client demanding immediate advice.

We become stressed. We work long hours. And we end up neglecting those non-urgent important tasks that we know we should do.

The solution? 

Increase your productivity.

But how, I hear you ask?

If you’d have told it was this simple a year ago, I wouldn’t have believed you. But by making some simple changes to how you approach your to-do list and emails, you can save time, become less overwhelmed, less stressed, and…

More productive!

I learnt this from productivity expert, Carl Pullein, who has helped thousands of people around the work to become more productive. So I invited him on the show to help you too become more productive, too!

Take a listen, improve your approach, and get more done in less time!

Show notes: thetaxprofessionalspodcast.com/ttpp2

TTPP 1: How to Undertake Effective Tax Research05 Jul 202000:19:36

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Undertaking tax research is one of those tasks that many taxes professionals dread. 

After all, the thought of reading complex legislation and unclear guidance over a cuppa isn’t most people’s idea of fun, although I definitely come close to the line. 

Fun or not, it is an essential part of being a tax professional. 

At some point, you will need to find the answer to questions you don’t know the answer, and that is done by – well – tax research. So being able to do it effectively is key!

I’ve dedicated a lot of time to developing my technical ability and research skills, to the extent they’re probably my strongest skills right now.  

So, in this episode, I share with you my personal tips to become better at undertaking research, to allow you to more easily obtain the answers to those complicate tax queries, and – I dare say – enjoy it. Or at least not dread it!

Take a listen – I think you’ll find it useful.

Show notes: thetaxprofessionalspodcast.com/ttpp1

TTPP 0: Introduction to the Podcast30 May 202000:03:54

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The Tax Professionals Podcast is dedicated to helping tax professionals to improve their tax careers. 

If you work in tax and are looking to:

  • progress and develop
  • obtain promotions
  • improve your skills for a successful career in tax, or
  • learn about the possible career options, or
  • pass professional qualifications (CTA, ATT, etc)

then this Podcast is for you!

Want to find out more, to decide whether The Tax Professionals Podcast will benefit you, and to know what to expect from the podcast? Then listen to this episode!

Subscribe, or sign up to email notifications on the website!

Website: thetaxprofessionalspodcast.com
Contact form: thetaxprofessionalspodcast.com/contact
Jack's LinkedIn
LinkedIn Group

TTPP94: What Does Being MD of an Independent Tax Consultancy Look Like? with Angela Wood [Tax Role Insights Ep 5]12 Feb 202400:48:35

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Show notes: thetaxprofessionalspodcast.com/TTPP94

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Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • An overview of Angela’s career
  • (6:45) Why Angela decided to move to ETC Tax, her initial remit, and what ETC Tax looked like at this time
  • (14:00) Angela’s current remit as Managing Director – what she does and what she is responsible for
  • (24:15) How much Angela gets involved in the doing of tax work
  • (27:00) The pros and challenges of being Managing Director of a small tax business
  • (36:45) Whether Angela finds anything stressful about her role
  • (39:45) What drives Angela to continue

Resources

Tax Advice Masterclass

TTPP93: Ex-CIOT Examiner Shares Insight into the Role and How to Become One with Sam Hart

TTPP93: Ex-CIOT Examiner Shares Insight into the Role and How to Become One with Sam Hart [Tax Role Insights, Ep 5] 29 Jan 202400:37:31

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Show notes: thetaxprofessionalspodcast.com/TTPP93

Subscribe: thetaxprofessionalspodcast.com/subscribe

Tax Advice Masterclass

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • About Sam and her career
  • (11:15) Starting to talk about the CIOT examiner role, and how examiners are ‘engaged’
  • (13:45) The exam writing process
  • (18:45) Why Sam decided to become a CIOT/CTA examiner
  • 21:30 Is there a better way to assess tax students instead of exams?
  • (25:45) Marking exams, managing time here, how pay works for marking, and whether you need to know the full syllabus to be an examiner (how wide does your technical knowledge need to be)
  • (29:00) Sam’s advice if you want to become a CIOT examiner and what Sam liked about being an examiner
  • (35:00) How your technical tax competence, knowledge and skill is assessed

Resources

Tax Advice Masterclass

TTPP92: 3 Years into Starting a Tax Firm to Gain More Freedom with Omar Aswat15 Jan 202400:53:01

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Show notes: thetaxprofessionalspodcast.com/TTPP92

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Tax Advice Masterclass

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • A bit about Omar Aswat CTA and his journey in tax so far
  • (11:30) Challenges Omar’s had from having his own firm
  • (16:00) Big pros from having his own tax firm and how Omar went from being employed to running his own firm
  • (26:00) The first big advisory projects that Omar won
  • (35:00) How Omar was able to develop his advisory skills
  • (40:30) Spotting opportunities to help save tax or support clients to benefit them and win you work

Resources

Tax Advice Masterclass

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

TTPP91: Is Billing by Time Spent Worse Than Pricing by Value for Tax Services? with Reza Hooda01 Jan 202401:09:50

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Show notes: thetaxprofessionalspodcast.com/TTPP91

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Tax Advice Masterclass

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse


You’ll Learn

  • A bit about Reza and his fist business idea
  • (15:30) What are the four pillars of running a successful accountancy and/or tax firm?
  • (19:15) The ‘pricing’ pillar – how to price based on value and not time spent, increasing profitability with less effort
  • (42:00) Giving different pricing options with tax/accountancy work
  • (57:00) A bit about the ‘positioning’ pillar

Resources

Tax Advice Masterclass

Free book link (The Four Pillars): Https://go.rezahooda.com/order-348362211681564311623

Podcast (The Profitable Accountant Podcast): https://www.rezahooda.com/podcasts/the-profitable-accountant-podcast 

TTPP90: Improve Your Tax Research and Save Hours of Time with AI with Nick Stobbs from Tax on Demand18 Dec 202300:49:43

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Show notes: thetaxprofessionalspodcast.com/TTPP90

Tax Research Masterclass (link to business case in the full details)

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

 Rough timings

  • About Nick and his involvement in the tax world
  • (9:15) Information about Co-pilot – the ChatGBT equivalent but for HMRC manuals – including what it is and how it works
  • (12:15) What is a ‘large language model’ and what is ‘RAG’ (retrieval augmented generation)?
  • (19:00) How does Co-pilot benefit tax advisors?
  • (23:00) Is AI good enough to find the answer to complex tax queries?
  • (25:00) A bit about use cases of Co-pilot and tech in tax
  • (29:15) Could AI dilute tax specialisms or reduce the amount of jobs?
  • (38:00) How Co-pilot is different to the online digital resources like Croner’s Navigate 

Resources

Tax Research Masterclass (link to business case in the full details)

Free access to the current version of Co-pilot

TTPP89: What are the Best Tax Resources for Research That Aren't Free?04 Dec 202300:31:28

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Show notes: thetaxprofessionalspodcast.com/TTPP89

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Rough timings

  • Croner-I Navigate Tax (digital resource), including details about the available resources and a bit about how I use it to do tax research
  • (12:15) Tolley Library and Guidance (digital resource), including details about the available resources and how you can use it
  • (17:30) Westlaw (for case law), including the feature that has saved me hours of time
  • (21:15) Tolley’s Tax books
  • (23:30) Claritax books
  • (25:00) Bloomsbury books, including a bit about how to find what you need from a book
  • (28:15) Summary

Resources

Tax Research Masterclass (link to business case in the full details)

Croner-I Navigate 7-Day Free Trial

Message me to get the 7-day free trial:

Link to Croner-I Navigate: https://library.croneri.co.uk/ 

Link to gain free access to Croner-I Navigate Lite: https://documents.thetaxprofessionalspodcast.com/croner-i 

Other tax-research episodes:

TTPP88: Her Spectacular Route to Tax Partner at 29 with Ele Theochari [Tax Career Success Secrets Ep 12]20 Nov 202301:06:26

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Show notes: thetaxprofessionalspodcast.com/TTPP88

Tax Research Masterclass

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Rough timings

  • Overview of Ele’s unconventional tax career
  • (8:30) Why Ele decided to join a start-up from Big 4 and how working in a start-up has given her a career advantage
  • (14:45) People telling her she was making career-ending moves
  • (20:00) Why she decided to move back to a bigger firm
  • (23:00) Ele being shortlisted two times for Tolley’s Taxation’s Rising Star award
  • (25:30) Ele’s secret to achieving what she has before turning 30
  • (33:30) Challenges Ele has faced and how she overcame them
  • (43:00) What is a business case and what goes in one? For those interested in becoming director or partner
  • (51:00) Ele’s usual working hours and whether she’s had to work herself to the bone to get to where she is now
  • (53:00) Ele’s advice to her younger self and to you and other people interested in becoming a tax partner as quickly as possible

Resources

Tax Research Masterclass (link to business case in the full details)

TTPP87: Becoming a Tax Partner Made Easy with These 12 Areas with Heather Townsend

TTPP87: Becoming a Tax Partner Made Easy with These 12 Areas with Heather Townsend06 Nov 202300:54:12

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Show notes: thetaxprofessionalspodcast.com/TTPP87

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Tax Research Masterclass

You’ll Learn

  • A bit about Heather and how she’s got to where she is now
  • (11:00) Overview of the 12 areas for becoming a tax partner
  • (24:15) The first 5 areas (fundamentals) in detail
  • (39:00) The next 3 (winning work) in a bit more detail
  • (45:15) The final 4 (business and personal case) in a bit more detail

Resources

Tax Research Masterclass

Heather’s books:

TTPP104: Becoming the Most Qualified UK Tax Advisor: Was It Worth It? with Rowan Morrow-McDade30 Jun 202401:01:24

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Rowan, our guest for this episode, is the most qualified UK tax professional. He’s got 8 qualifications, and he is currently doing his 9th. Why did he do so many qualifications, and how has it benefitted his career?  By the end of the episode, you should have a good idea of the answer to the question: working in tax, should you do another professional qualification? This is a question I pondered for a while earlier in my career, and it’s a hard one to answer.

Show notes: thetaxprofessionalspodcast.com/TTPP104

Masterclasses for Tax Professionals (Tax Research and Tax Advice): https://www.thetaxprofessionalspodcast.com/masterclasses/

Subscribe: thetaxprofessionalspodcast.com/subscrib

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Timings

  • Overview of Rowan’s tax career
  • (8:15) Is it easier to build an audit business than tax business?
  • (9:30) How did Rowan become the most qualified UK tax professional. What motivated him?
  • (17:30) How have all these qualifications benefited his tax career?
  • (19:00) Should you do more qualifications or spend your time elsewhere as a tax professional. How many qualifications should you do? Is there a point where doing another is not that beneficial?
  • (25:00) Benefits of being a mixed tax professional
  • (27:30) Essential qualification to have as a tax professional, and nice ones to have, based on specialism/area of tax worked in
  • (39:00) Mini rant about lawyers’ tax knowledge (where they aren’t specifically tax)
  • (47:45) Bad advice given to CTA students and a bit about using legislation
  • (53:00) How Rowan got his interesting gigs like being on Times Radio, being interviewed by Vogue and speaking to MPs in parliament 

Me – Jack Bonehill

Email: jack@thetaxprofessionalspodcast.com

LinkedIn: https://www.linkedin.com/in/jackbonehill94/ 

TTPP86: Using Tax Policy to your Advantage as a Tax Professional with Sam Mitha CBE, an ex-HMRC Deputy Director22 Oct 202301:15:50

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Sam Mitha, CBE, ex-HMRC Deputy Director of Central Policy

Show notes: thetaxprofessionalspodcast.com/TTPP86

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Tax Research Masterclass

You’ll Learn

  • A bit about Sam and his HMRC career in tax policy
  • (6:15) What is tax policy?
  • (9:30) How guidance fits into the tax-policy process
  • (14:15) Why it’s beneficial for us as tax professionals to understand how policy is made
  • (23:15) The tax policy process – what’s involved
  • (30:00) The tax-legislation making process
  • (50:15) The extent of the Chancellor’s involvement in tax policy
  • (1:07:15) How we can get involved in tax policy for the benefit of our career

Resources

Tax Research Masterclass

Sam’s articles:

TTPP85: How to Use LinkedIn to Win Tax Work with Ashley Leeds08 Oct 202300:52:48

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Show notes: thetaxprofessionalspodcast.com/TTPP85

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Content/Timings

  • What content you could be posting on LinkedIn
  • (10:45) The importance of the first few sentences of your written posts
  • (12:45) How you can improve your profile so that you get more views and convey your message clearly
  • (15:30) Why you should be commenting on other people’s posts
  • (20:45) How often should you be posting, what should you be posting about, and how to make your posts more interesting
  • (35:00) Outside of posting and commenting, what else should 
  • (42:15) Creator mode and whether you should be using it
  • (45:30) A bit about LinkedIn pods and why you should avoid them
  • 48:00) How to get more engagement with your posts

Resources

Masterclasses for tax professionals:

TTPP84: How to Nurture and Train Your Tax Staff with Pete Miller25 Sep 202301:19:43

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Show notes: thetaxprofessionalspodcast.com/TTPP84

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • An overview of Pete and his tax career
  • (19:45) Pete’s remit in nurturing tax staff and where he is focusing his efforts
  • (28:15) How Pete is developing his staff – the actions he is taking – the importance of having your own style, and Pete’s tips around explaining tax rules to others in a ways that’s easy to understand
  • (62:15) What the individual’s/trainee’s responsibility is when they are being nurtured/developed – what they should be doing
  • (69:30) Discussion around whether a member of staff can be a lost cause and it’s not possible to help them
  • (75:00) Methods to help train and nurture your tax staff

Resources

Masterclasses for Tax Professionals

TTPP83: Improve Your Tax Advice Skills - Stories and Tips of 2 Tax Professionals10 Sep 202300:52:20

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Show notes: thetaxprofessionalspodcast.com/TTPP83

Tax Advice Masterclass

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse


You’ll Learn


Chrissie:

  • (6:15) How Chrissie started getting involved in tax advice and how she’s involved now
  • (8:15) What she finds most difficult about providing advice and changes from when she started providing tax advice to now
  • (13:45) What made Chrissie want to get better at providing advice
  • (18:15) What Chrissie has done to get better at providing advice
  • (27:00) Tips from Chrissie to help you get better at providing advice

Brandon:

  • (35:45) How he started getting involved in tax advice and how she’s involved now
  • (38:00) What he finds most difficult about providing advice 
  • (40:30) Why Brandon wanted to get better

Resources

Tax Advice Masterclass

TTPP82: Why Students Fail CTA Exams (Key Mistakes) with Nitin Rabheru27 Aug 202300:53:50

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Show notes: https://www.thetaxprofessionalspodcast.com/ttpp82 

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Nitin’s story for becoming the blunt, to-the-point tax tutor he is and also why we are focusing on the reason people fail CTA exams in this episode
  • (6:45) Mistakes students make in the ‘preparation’ stage
  • (14:00) Mistakes people make during the classroom sessions (whether in person or remote), including how early you should start studying
  • (23:00) Mistakes people make post classroom and after studying the material, including my unpopular but important opinion
  • (29:00) Mistakes students make in the revision phase
  • (38:30) A bit about mentality and attitude 
  • (41:00) Mistakes when it comes to past question practice and whether or not to use legislation

Resources

Tax flashcards/squares – email Jack (jack@thetaxprofessionalspodcast.com) or Nitin (cta@bpp.com) for samples.

FREE – CTA Study Phase Checklist so you can make sure you ‘complete’ the study phase before revision, going into revision as prepared as you can

FREE – ATT/CTA revision folder guide, which was made when the exams became open book. This is somewhat outdated now, but there is still useful information in there

FREE – 8 CTA/ATT revision tips summary, which does exactly what it says on the tin

Other exam-support related podcast episodes (including CBEs): https://www.thetaxprofessionalspodcast.com/category/podcast/att-cta/

Webinars on CTA exams: https://www.taxrecruitment.co.uk/webinars/ 

TTPP81: Tax Technology Director Shares What It's Like to Work in Tax Tech with Alexander Kobakhidze [Tax Role Insights, Episode 3]13 Aug 202300:58:27

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Alexander used to be Head of Tax Technology at Uber (pretty cool!) and is now Tax Technology Director at Fonoa

Show notes: thetaxprofessionalspodcast.com/TTPP81

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Introduction to Alexander and a brief overview of his career
  • (18:30) Biggest misconceptions about working in tax tech and crossing the jargon barrier between tax and tech professionals
  • (25:00) What tax technology roles entail, from Alex’s roles, and a discussion around the roles
  • (36:30) Could a tax professional become a tax code and who becomes good tax tech people?
  • (45:00) How to get a taste for tax tech and what type of businesses need tax tech specialists?
  • (47:30) Work-life balance for tax tech roles and a bit about salaries
  • (54:55) Advice to those who want to move into tax tech

Resources

Tax Role Insights Episodes

Masterclasses for Tax Professionals

TTPP80: Best Free Resources to Find Tax Answers and Use When Undertaking Tax Research30 Jul 202300:21:42
TTPP79: What It's Like to Be Tax Partner at a Top 10 Firm (Azets) with Laura Duggan 16 Jul 202300:56:56

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Show notes: thetaxprofessionalspodcast.com/TTPP79

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • An overview of Laura’s career
  • (13:30) An insight into Laura’s role as a tax partner at Azets
  • (18:15) How involved she gets in the day-to-day tax work
  • (21:15) Her remit and what is expected of her
  • (28:00) Whether as tax partner, she has unlimited control
  • (31:00) Some information around tax-partner salaries 
  • (37:00) What a normal week looks like for Laura
  • (38:30) Work life balance as a tax partner and whether it’s possible to work ‘normal’ hours
  • (45:00) Laura’s advice if you want to become a tax partner

Resources

Tax Role Insights Episodes

Masterclasses for Tax Professionals

TTPP78: How to Pass the CTA APS Exam with Nitin Rabheru02 Jul 202300:57:44

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Show notes: thetaxprofessionalspodcast.com/TTPP78

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Key reasons why students fail the APS exam
  • (18:00) How you should deal with gaining the CTA awareness knowledge you need (particularly for those of you on the ATT/CTA joint pathway)
  • (21:00) Advice if you’re thinking to sit an APS paper and AT paper at the same time
  • (26:55) How the marking works (the criteria to pass) and how to demonstrate the desired skill level in each area in the APS paper
  • (32:00) How to prepare to pass the APS paper (including application of knowledge and revision)
  • (43:15) What the pre-seen is and how you should use this
  • (49:30) The importance of planning and how to plan
  • (54:30) Final advice from Nitin for passing this exam

Resources

Tax flashcards/squares – email Jack (jack@thetaxprofessionalspodcast.com) or Nitin (cta@bpp.com) for samples.

FREE – CTA Study Phase Checklist so you can make sure you ‘complete’ the study phase before revision, going into revision as prepared as you can

FREE – ATT/CTA revision folder guide, which was made when the exams became open book. This is somewhat outdated now, but there is still useful information in there

FREE – 8 CTA/ATT revision tips summary, which does exactly what it says on the tin

Other exam-support related podcast episodes: https://www.thetaxprofessionalspodcast.com/category/podcast/att-cta/ 

TTPP77: How Limiting Your Tax Services Can Increase the Value You Add to Clients with Ben Westerby18 Jun 202300:53:15

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Show notes: thetaxprofessionalspodcast.com/TTPP77

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Overview of Ben’s career and what a portfolio finance director is
  • (17:15) Why Ben has limited his services, not providing the full range of accountancy services, and why it’s good to restrict your tax services
  • (20:00) How to get prospects or contacts to know how you can help them so they know to come to you or when to introduce you to a contact, and how to get people to see value in your advice
  • (36:30) How to manage the situation where a client or prospect asks you to do something outside of your specialism or the services you are willing to provide and not damage your relationship with them
  • (44:00) A discussion around referring and how Ben operates in this space – to introduce and be introduced – with it reflecting well on him in both cases

Resources

Masterclasses, including:

  • Tax Advice Masterclass
  • Tax Research Masterclass

TTPP23: The Benefits of Having Your Own Tax Specialism/Niche (& Tips to Choose Yours!) with Sofia Thomas

TTPP103: A Joyful but Successful Career in Tax: Confessions of a Yorkshire-Woman with Justine Riccomini16 Jun 202400:57:19

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In this episode of the Tax Career Success Secrets series, we delve into Justine’s career. We talk about the common theme of enjoyment across her roles, the unintended consequence of enjoying work as much as Justine, Justine’s tips for winning tax work, and her advice to you if you want success in your own career with a wise twist.

Show notes: thetaxprofessionalspodcast.com/TTPP103

Masterclasses for Tax Professionals (Tax Research and Tax Advice): https://www.thetaxprofessionalspodcast.com/masterclasses/ 

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Brief overview of Justine’s career
  • (13:30) What Justine learnt when she moved from EY to HMRC, and why she moved given she enjoyed HMRC so much
  • (19:00) Setting up her own employment tax and HR firm and why she stopped it despite its success
  • (31:00) How Justine made a success of running her own firm
  • (35:00) Justine’s tips for winning work
  • (44:00) A constant challenge Justine has had over her career
  • (49:30) Justine’s advice for people who want to be successful in their tax career
TTPP76: Why and How to Take Control of Your Tax Career with Charlie Friend05 Jun 202300:58:28

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Show notes: thetaxprofessionalspodcast.com/TTPP76

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse


You’ll Learn

  • Overview of Charlie’s tax career (she started as an apprentice, without going to uni)
  • (10:00) Whether she was held back for being young, despite being CTA qualified at 21
  • (11:45) Why you should take control of your tax career
  • (17:30) How to take control of your tax career and figuring out what you want to do with your career
  • (31:00) How she became a Tax Manager at PwC at 24 (which includes some very good advice)
  • (40:00) How to overcome some difficulties/challenges you may face when trying to progress, become promoted, and taking control of your career
  • (52:00) How to get the support you need

Resources

TTPP 3: How to Obtain Good Quality Feedback (and Why You Should Ask for More!)

TTPP46: 8 Tips on Providing Feedback to Grow and Develop Staff

TTPP75: How to Avoid Working Unnecessary Long Hours as a Tax Professional21 May 202300:42:02

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Show notes: thetaxprofessionalspodcast.com/TTPP75

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • 8 tips to avoid working unnecessary long hours, and get the work-life balance you want, as a tax professional
  • Tip 1: Be upfront and honest whether a deadline is achievable 
  • (10:15) Tip 2: Make your boundaries clear to your colleagues
  • (14:15) Tip 3: Purge all pointless, non-essential, and non-important tasks
  • (21:15) Tip 4: Schedule time for the important tasks – particularly the non-essential
  • (24:45) Tip 5: Think long term and short term
  • (30:15) Tip 6: Aim to be productive and effective when doing work
  • (35:00) Tip 7: Delegation to and support from colleagues
  • (37:45) Tip 8: Look for an employer where the hours you want to work are possible

Resources

Masterclasses for tax people – Tax Research Masterclass and Tax Advice Masterclass

TTPP 4: How to be a Better Delegator to Progress your Career with Mike Clayton

TTPP34: Successfully Delegate Tax Work, Particularly to Less-Experienced & Junior Staff

7 Habits of Highly Effective People – book 

The One Thing – book 

TTPP74: Tax Role Insights: Tax Dispute Resolution and Tax Risk with Salman Anwar [Tax Role Insights, Ep 2]07 May 202301:02:10

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Show notes: thetaxprofessionalspodcast.com/TTPP74

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Salman introduction and overview of tax career
  • (9:00) What is a role in tax risk?
  • (17:30) What is role in tax-dispute resolution
  • (22:15) What does delegation and team structure look like in tax risk and tax-dispute resolution?
  • (31:00) What does a normal week look like for Salman?
  • (38:00) What type of business (e.g. accountancy firms, in-house, etc) take on people with Salman’s specialism, and could he become a head of tax?
  • (42:00) What’s work-life balance like working in this area?
  • (45:30) Routes into tax-dispute resolution and tax risk – do you need to have worked in HMRC?
  • (57:00) Advice for people wanting to specialise in Salman’s area

Resources

TTPP59: What It’s Like to be a Tax Barrister with Harriet Brown (and How to Become One) [Tax Role Insights, Ep 1]

Tax Advice Masterclass – Pre-order

Tax Advice Masterclass – Non-Pre-order

All Masterclasses

TTPP73: Supporting Tax Professionals with Reliable Tax Guidance from 35 Years of Tax with Glyn Fullelove [Tax Career Success Secrets, Ep 11]23 Apr 202301:05:03

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Show notes: thetaxprofessionalspodcast.com/TTPP73

Subscribe: thetaxprofessionalspodcast.com/subscribe

Register interest for my masterclasses for tax professionals: thetaxprofessionalspodcast.com/trainingfortaxprofessionals

You’ll Learn

  • Overview of Glyn’s career
  • (13:00) Why Gyn decided to become a tax writer, rather than continue with in-house Head of Tax Roles, including Glyn’s insight into the pressures of in-house tax roles
  • (23:15) How, as an external tax advisor, you can best work with in-house professionals
  • (28:00) How Glyn’s roles expanded into pensions and what the roles entailed
  • (35:00) How Glyn’s tax career motivators have changed over time
  • (41:45) The richest learning experience from Glyn’s career (and it wasn’t all roses)
  • (49:30) Standout piece of tax-career advice Glyn received and advice he would give to his younger self
  • (56:00) How Glyn wants to help tax professionals through his role at Croner-I

Resources

Sign up to Croner-I’s Tax Weekly newsletter for free: thetaxprofessionalspodcast.com/croner-i. As a listener, you will also get a discount from paid products if you mention you listen to the podcast 

Register interest for my masterclasses for tax professionals: thetaxprofessionalspodcast.com/trainingfortaxprofessionals

Message me if you’d like to help shape the Tax Advice Masterclass (jack@thetaxprofessionalspodcast.com) – I’m looking for a few people

TTPP72: How to Train Your Tax Staff to Help Them Flourish09 Apr 202300:25:54

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Show notes: thetaxprofessionalspodcast.com/TTPP72

Subscribe: thetaxprofessionalspodcast.com/subscribe

Masterclasses for Tax Professionals: 

https://www.thetaxprofessionalspodcast.com/masterclasses/

You’ll Learn

  • Benefits of training and supporting your tax staff

  • (6:15) Ways that you can train and support your tax staff, including:

    • (6:15) Involving staff in tax work where they can learn and develop

    • (12:30) Shadowing

    • (14:45) Use of training courses
  • (17:00) The mindset of the person being trained is key

  • (20:45) Removing barriers

  • (23:15) Personal development plans in tax

Resources

Delegation episodes:

Feedback episodes:

TTPP71: How to Move Out of Tax with Success if Tax Isn't for You, with Tony Stevenson26 Mar 202300:58:18

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Show notes: thetaxprofessionalspodcast.com/TTPP71

Subscribe: thetaxprofessionalspodcast.com/subscribe

Masterclasses for Tax Professionals

You’ll Learn

  • (2:30) What was going through Tony’s mind when he decided to try a role outside of tax and why he felt like tax wasn’t for him
  • (15:00) The value Tony got from his time working in tax
  • (17:15) The worries and concerns Tony had about moving out of tax, and his advice in relation to this and what you should do before moving out of tax
  • (29:00) What Tony did to not move for less salary (and in fact, moved for more)
  • (33:00) Non-tax roles that could be a good fit for people with tax experience
  • (36:30) A powerful piece of advice to get to the role you ultimately want
  • (41:45) The importance of your hook and why you should find it
  • (44:30) About taking ownership of your career, and the benefits this brings
  • (48:00) Tony’s advice for people considering moving out of tax

Resources

Masterclasses for Tax Professionals

TTPP70: How to Revise for the CTA Advanced Technical Exams (Closed Book) with Nitin Rabheru 13 Mar 202300:53:07

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Show notes: thetaxprofessionalspodcast.com/TTPP70

Subscribe: thetaxprofessionalspodcast.com/subscribe

Free resources

Tax flashcards/squares – email Jack (jack@thetaxprofessionalspodcast.com) or Nitin (cta@bpp.com) for samples.

FREE – CTA Study Phase Checklist so you can make sure you ‘complete’ the study phase before revision, going into revision as prepared as you can

FREE – ATT/CTA revision folder guide, which was made when the exams became open book. This is somewhat outdated now, but there is still useful information in there

FREE – 8 CTA/ATT revision tips summary, which does exactly what it says on the tin

Other exam-support related podcast episodes: https://www.thetaxprofessionalspodcast.com/category/podcast/att-cta/ 

You’ll Learn

  • What you should do just before you should start revising
  • (4:45) How to consolidate your tax knowledge
  • (7:30) When you should move out of the study phase, into the revision phase with your CTA exams
  • (8:30) What the difference is between the study and revision phases, and what you should do in the revision phase
  • (12:45) How to make memorising material easier, along with tips
  • (20:00) Efficient uses of time when revising
  • (22:15) How to reduce the amount of information you need to remember
  • (25:00) Advice and tips around using tax legislation
  • (31:30) Advice around brushing up on exam technique and how to get the most value out of question practice
  • (46:00) When you should have completed revision by
  • (49:00) Rules around what you can and can’t take into the exam, and Nitin’s final advice
TTPP69: From Tax Partner to Founder of Claritax Books with Ray Chidell [Tax Career Success Secrets, Ep 10]27 Feb 202300:52:56

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Show notes: thetaxprofessionalspodcast.com/TTPP69

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Overview of Ray’s tax career
  • (7:00) What Ray likes about writing and publishing, and an insight into Claritax
  • (12:00) Ray’s biggest career achievement
  • (14:15) How Ray’s dealt with having numerous tax roles at once, and his advice
  • (20:30) How Ray’s career motivators changed through his career
  • (23:15) The lead up to starting Claritax Books, the one thing that meant it may not have happened, and the plan B if it didn’t work
  • (27:00) Biggest challenge in getting Claritax Books to where it is today
  • (32:15) Advise for people considering making bold career decisions (particularly starting own business)
  • (39:00) Career advice that stood out to Ray, and his tips to help you progress, develop and improve your tax career

Resources

Claritax Books: https://www.claritaxbooks.com/ 

Claritax News (free tax-news source): https://claritaxnews.com/ 

Ray’s LinkedIn: https://www.linkedin.com/in/ray-chidell-ab75022/  

TTPP68: How to Find and Be Offered an Exciting New Tax Job, Perfect for You, with James Howell13 Feb 202300:56:20

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Show notes: thetaxprofessionalspodcast.com/TTPP68

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • (6:00) Circumstances where you should stick with your current tax job and indicators that you should move 
  • (14:00) Understanding your career drivers – the importance of them and how they feed into your job hunt
  • (19:30) How to figure out what the right tax job is for you
  • (23:15) Should you use a tax recruiter? How they can help, plus pros (including getting a better package/more pay) and cons of using one
  • (34:00) Are CVs necessary when moving tax roles? And how to make an effective CV
  • (44:30) Interview tips
  • (49:15) What to do at the point your receive an offer? Accepting or rejecting

Resources

My Career in Tax webinars

James’ Tax CPD Webinars

TTPP43: Should you be Considering a Tax Job/Career Move? (with James Howell)

TTPP67: 9 Tips to Become Better at Presenting Tax Webinars30 Jan 202300:32:41

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Show notes: thetaxprofessionalspodcast.com/TTPP67

Subscribe: thetaxprofessionalspodcast.com/subscribe

MBL Webinar: MSC Rules from Start to Finish - A Risk Management Guide for Tax Advisors & Accountants by Jack Bonehill

You’ll Learn

  • 9 tips to help you deliver impactful, memorable, and engaging tax webinars
  • Tip 1: Tell people what is coming up and what they can expect to learn 
  • (5:30) Tip 2: Use the notes section within PowerPoint to add prompts/scripts
  • (9:00) Tip 3: Make sure your slides are simple & visual
  • (13:15) Tip 4: Break down complicated information into bitesize chunks – almost always needed when talking about tax rules or legislation!
  • (16:15) Tip 5: Ask polls/questions to make the webinar interactive and keep attendees engaged
  • (18:30) Tip 6: Tell relevant real stories
  • (23:30) Tip 7: Do live demos through sharing your screen
  • (25:15) Tip 8: Set exercises to do during the webinar
  • (26:30) Tip 9: Tailor your language and presentation

Resources

MBL Webinar: MSC Rules from Start to Finish - A Risk Management Guide for Tax Advisors & Accountants by Jack Bonehill

Tax Research Masterclass

Storyworthy by Matthew Dicks: Engagement, Teach, Persuade and Change Your Life through the Power of Storytelling (book)

TTPP102: How Using a Passion Can Vastly Benefit & Improve Your Tax Career with Andrea Manzini02 Jun 202400:42:25

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Learn how to find the passion you can use to hugely benefit your tax career, with guest Andrea Manzini. Andrea is the person who’s started the campaign against the High Income Child Benefit Charge (HICBC). Hear his story, what he’s done, how his career has benefitted, and how you can do the same from taking advantage of one of your passions.

Show notes: thetaxprofessionalspodcast.com/TTPP102

Masterclasses for Tax Professionals (Tax Research and Tax Advice): https://www.thetaxprofessionalspodcast.com/masterclasses/ 

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

  • Overview of Andrea and his tax career
  • (6:30) How Andrea’s passion to change the High Income Child Benefit Charge (HICBC) started
  • (18:45) How Andrea’s tax career has benefitted from his passion for the High Income Child Benefit Charge (plus a bit about my ‘tax’ passion)
  • (37:30) Advice to help tax professionals find and take advantage of a passion of theirs for the benefit of their tax career
TTPP66: Award-Winning In-House Tax Leader Shares Her Advice with Tasneem Kadiri [Tax Career Success Secrets, Ep 9]16 Jan 202300:43:31

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Show notes: thetaxprofessionalspodcast.com/TTPP66

Subscribe: thetaxprofessionalspodcast.com/subscribe

CTA Study Checklist – FREE DOWNLOAD – to help students prepare properly and pass the CTA exams: thetaxprofessionalspodcast.com/studychecklist

 You’ll Learn

  • About Tasneem’s career (an overview)
  • (8:30) Times in Tasneem’s life that changed her career trajectory and inspired her to achieve what she has, despite the cards being stacked against her
  • (13:00) How Tasneem proved she should be taken seriously and what this meant for her tax career
  • (15:45) A discussion on your personal brand
  • (19:00) How having kids has helped her achieve more in her career
  • (21:45) How Tasneem dealt with having imposter syndrome
  • (24:15) How Tasneem figured out where she wanted to take her career and helped her create her vision
  • (28:15) Tasneem’s methods for improving and developing herself for her career
  • (32:00) Tasneem’s philosophy on leadership (she’s a great tax leader)
  • (37:00) Advice she would give her younger self, knowing what she knows now, and her advice to help you to progress, develop and improve your tax career

Resources

Other Tax Career Success Secrets episodes, including ones with Heather Self and Kate Rothwell

CTA study checklist FREE DOWNLOAD – to help students prepare properly to pass the exams

TTPP65: 5 Undeniable Benefits of Using and Analysing Tax Case Law02 Jan 202300:28:14

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Show notes: thetaxprofessionalspodcast.com/TTPP65

Subscribe: thetaxprofessionalspodcast.com/subscribe

Tax Research Masterclass:

https://www.thetaxprofessionalspodcast.com/masterclasses/ 

You’ll learn

  • 5 Reasons why you should use case law more as a tax professional
  • Reason 1: It helps you improve your client’s position during HMRC enquiries
  • (7:45) Reason 2: It enables you to provide better tax support to clients
  • (13:30) Reason 3: It’s an excellent way to improve your tax technical skills and ability
  • (19:30) Reason 4: It’s a relatable and practical way to increase your tax knowledge
  • (22:00) Reason 5: It takes your tax research to the next level   

Resources & related episodes

Tax Research Masterclass

TTPP60: Improving Your Tax Research Skills – Stories and Tips of 3 Tax Professionals

TTPP42: Master Using HMRC Manuals for Tax Research

TTPP37: Master Using Tax Legislation (and the Benefits this Brings)

TTPP 1: How to Undertake Effective Tax Research

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