University of Canberra Tax Clinic: The Starting Point from Tax Novice to Accounting Expert

Accounting is a fascinating and ever-changing field. Obtaining an accounting qualification in this field can open up endless possibilities, from financial assistants to Chief Financial Officers (CFOs), you can choose various interesting career paths!

With the arrival of the tax season, the busiest time in the accounting industry, now is a great time to learn about accounting careers!

What is the UC Tax Clinic?

UC Tax Clinic(UC Tax Clinic)is a student-led UC campus department that provides free tax services to students, individuals, and businesses in Canberra.

Through phone or online appointments, the clinic can assist small businesses, individuals, non-profit organizations, and charities that cannot afford or access tax services.

As a UC student, you can come to the clinic to complete your tax return. Scan the QR code below for more information about the UC Tax Clinic.

More importantly, if you are completing a relevant UC degree, you can even complete an internship course here to gain practical experience.The UC Tax Clinic is guided by professionals, and you will gain valuable work experience and deepen your understanding of the tax industry.

Career Prospects in the Accounting Field

If you are good with numbers and love solving problems, then a career in accounting might be perfect for you.The accounting field is not only stable and diverse but also allows you to work in various interesting environments and projects.

Every company needs professional financial personnel, which means you can find career opportunities in any industry,from video games to fast fashion, even government law enforcement departments.

Not only that, as an accountant, you have the ability to provide financial guidance for company budget planning, making you an indispensable presence in any company.

If you like high-demand positions that offer competitive salaries, good promotion opportunities, and continuous learning space, then an accountant might be your dream job!

What should you study to enter the accounting field?

There are many professional directions in the accounting field, including auditing, forensic accounting, financial analysis, etc.No matter what your area of interest is, the University of Canberra (UC) has the right course for you!

If you have notbeen exposed to accounting courses before, a bachelor's degree is the best choice. The three-year course will lay a solid foundation for you in the accounting field, while providing a lot of practical experience to help you build your resume and land your dream job.

If you want to delve deeper into the broader financial industry, the Bachelor of Accounting and Finance course combines industry knowledge with practical skills to help you fully understand financial products and structures.You will learn subjects such as accounting, corporate law, tax law, risk management, and credit assessment, mastering the skills to manage risks in financial service companies and price financial instruments such as stocks and bonds.

If you wantto further expand your studies or are interested in other fields, you can also check out UC's rich and diverse double degree courses. These courses allow you to study other fields such as business, science, communication, information technology, or international relations while completing your accounting course.

With so many different choices, don't know how to choose the one that best suits you? You can go tothe on-campus UC Career Center (CareersUC) for consultation, they can help you answer questions about career development.

How to start an accounting career?

To successfully start an accounting career, you first need to obtain a bachelor's degree. After graduation, you can apply for entry-level positions such as accounting assistant or junior accountant.

You can also choose to continue with postgraduate studies. For example, some companies may require you to obtain a master's degree to advance to senior positions.At this time, UC's Master of Professional Accounting course is your ideal choice.

UC knows that gaining relevant work experience during your studies is very important, not only helping you flexibly apply theoretical knowledge but also helping you build a professional network.

At UC, the Work Integrated Learning (WIL) program incorporates internship courses into the curriculum structure, allowing you to accumulate practical experience before graduation and easily start your career after graduation.

The job fair held by UC every year covers major international and Australian local companies as well as government departments, and is also an excellent on-campus resource for you to learn about the industry, expand your network, and find job opportunities.

As an international student, what do you need to know at the end of the financial year?

If you have earned income while studying in Australia, then you may need to file a tax return.

Most international students who have lived and studied in Australia for more than six months are considered Australian residents for tax purposes.This means you must declare your income when filing your tax return.

However, as a tax resident, you are also eligible for a tax-free threshold of $18,200.This is the maximum amount of income you do not need to pay tax on. At the end of the financial year, file a tax return to receive the taxes you previously paid.

The financial year in Australia ends on June 30, 2024, so you need to submit your tax return between July 1, 2024, and October 31, 2024.

For more information, scan the QR code below to visitthe Australian Taxation Office (ATO)website.

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