Episoder
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Show notes: thetaxprofessionalspodcast.com/TTPP101
A bit about Thomas and his tax career, and what spurred him to leave HMRC after 20 years(8:30) Why Thomas believes he’s been successful in his senior role, straight from HMRC(11:00) Commercial awareness: an area where Thomas lacked when he first left HMRC, what he means by commercial awareness and how he addressed the shortfall(16:15) Discussion around critical thinking and its importance(17:45) Thomas’s technical knowledge when he left HMRC – was it good enough?(23:00) What Thomas has learnt about business development (BD), winning clients and winning work since leaving HMRC(28:00) Key skills to do well outside HMRC(38:15) Thomas’s advice for someone that’s thinking about leaving HMRC
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
Rough timings
ResourcesTTPP62: Making the Move from HMRC to Private Practice with David Rose – His Story and Advice
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From Tax Graduate to Director: a deep dive into my (Jack Bonehill’s) tax career to date. Listen for the overview and insight
Show notes: thetaxprofessionalspodcast.com/TTPP100
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
Timings
Finding my first tax job after university
(8:00) Chapter 1: My first tax job (which was for an employment-taxes boutique):Being in the filing room for a whole weekSetting the foundations of my tax career (ATT, Excel, but also getting tinnitus)Why I leftHow much I was paid(18:45) Chapter 2: Dains – from Tax Assistant to Tax Senior Manager (7 years)Sideways move – was it for more money?Not liking being an employment tax specialist so early onBecoming CTA qualifiedFeeling lost after CTA but how a business coach helpedThe start of reading books to help with my career – and why I think these made such a big impact on my careerThe three core areas to be a successful tax professionalBecoming a people manager – my aim and delegationJob offers and potential other jobs(43:45) Chapter 3: The Tax Professionals Podcast, training and relatedHow I came to start the podcast and whyReducing my tax job hours to 4 days a week and starting doing masterclasses for tax professionalsOpportunities I’ve gotten from the podcast(55:15) Chapter 4: PKF Smith Cooper – becoming an Employment Tax DirectorResources
Episodes mentioned:
TTPP98: How and Why I Moved Tax Role After Being Loyal for 7 Years (Interviewed by Sam Hart)TTPP 1: How to Undertake Effective Tax ResearchTTPP49: 5 Skills to Master Early in Your Tax CareerTTPP76: Why and How to Take Control of Your Tax Career with Charlie FriendVERY useful books for your tax career:
The 7 Habits Of Highly Effective People by Stephen R. CoveyThe 7 Habits Of Highly Effective People WorkbookThe One Thing: The Surprisingly Simple Truth Behind Extraordinary ResultsAtomic Habits -
Manglende episoder?
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Show notes: thetaxprofessionalspodcast.com/TTPP99
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
Rough Timings
Lesson 1: Results alone aren't necessarily enough to get you the promotion to deserve at the point in time you deserve it(9:00) Lesson 2: If you focus soley on results, you can make yourself miserable(13:00) Lesson 3: Delegation Lessons (3 tips)(17:30) Lesson 4: Current clients are a great place to start when wanting to win new tax work(22:45) Lesson 5: People buy from people, not firms(26:00) SummaryResources
Episodes mentioned:
TTPP98: How and Why I Moved Tax Role After Being Loyal for 7 Years (Interviewed by Sam Hart)TTPP40: Key Lessons Learnt from Tax Manager to Senior Manager -
This episode is an insight into my thinking and decision to leave Dains after 7 years and join PKF Smith Cooper as Employment Tax Director.
Show notes: thetaxprofessionalspodcast.com/TTPP98
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 my tax career and a bit about me(7:00) Why I decided to leave Dains after 7 years and how I found my new role(12:30) Key reason for me deciding to join PKF Smith Cooper(16:00) The interview process I went through, how I prepared, and related advice(19:15) Did I negotiate my package and did I accept straight away?(23:00) The worst part about leaving Dains(25:45) What I’m looking forward to in my new role, my career’s future, and what I’m worried about(31:30) Deeper dive in some areas and additional infoResources
Masterclasses for Tax Professionals (Tax Research and Tax Advice): https://www.thetaxprofessionalspodcast.com/masterclasses/
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
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Show notes: thetaxprofessionalspodcast.com/TTPP97
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
Overview of Stevi and his career(16:30) The pressures on in-house tax teams & how technology can help(30:30) Can you have one piece of tax tech that deals with all taxes and does everything?(34:15) Why is using OneDrive/Sharepoint and Excel alone not good enough in today’s world for in-house tax functions?(42:30) Where should in-house tax teams start when improving their use of tax(47:15) How to identify the right tax-tech software you need once you’ve identified the problem/areas of improvement(50:30) How external advisors can support in-house tax teams to use tax tech to improve the team?(55:00) Should small businesses invest in tax tech or is it limited to large multinationals currently?
You’ll Learn
TTPP81: Tax Technology Director Shares What It’s Like to Work in Tax Tech with Alexander Kobakhidze [Tax Role Insights, Episode 3]TTPP90: Improve Your Tax Research and Save Hours of Time with AI with Nick Stobbs from Tax on Demand
Resources
Other tax tech episodes: -
Show notes: thetaxprofessionalspodcast.com/TTPP96
Subscribe: thetaxprofessionalspodcast.com/subscribe
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 topicsResources
Tax flashcards/squares – email Jack ([email protected]) or Nitin ([email protected]) 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/
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Show notes: thetaxprofessionalspodcast.com/TTPP95
Subscribe: thetaxprofessionalspodcast.com/subscribe
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:
TTPP51: Criminal HMRC Tax Investigations & Mistakes to Avoid with Alice Kemp, Barrister and Host of RCP Taxing Matters PodcastTTPP59: What It’s Like to be a Tax Barrister with Harriet Brown (and How to Become One) [Tax Role Insights, Ep 1]Tax Research Masterclass (link to business case in the full details)
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Show notes: thetaxprofessionalspodcast.com/TTPP94
Subscribe: thetaxprofessionalspodcast.com/subscribe
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
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
You’ll LearnResources
Tax Advice Masterclass
TTPP93: Ex-CIOT Examiner Shares Insight into the Role and How to Become One with Sam Hart -
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 examiner21:30 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 assessedResources
Tax Advice Masterclass
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Show notes: thetaxprofessionalspodcast.com/TTPP92
Subscribe: thetaxprofessionalspodcast.com/subscribe
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 workResources
Tax Advice Masterclass
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
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Show notes: thetaxprofessionalspodcast.com/TTPP91
Subscribe: thetaxprofessionalspodcast.com/subscribe
Tax Advice Masterclass
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
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
You’ll LearnResources
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
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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 NavigateResources
Tax Research Masterclass (link to business case in the full details)
Free access to the current version of Co-pilot
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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) SummaryResources
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:
LinkedIn: https://www.linkedin.com/in/jackbonehill94/ Email: [email protected]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:
TTPP80: Best Free Resources to Find Tax Answers and Use When Undertaking Tax Research TTPP60: Improving Your Tax Research Skills – Stories and Tips of 3 Tax ProfessionalsTTPP55: How to Research a Tax Technical QueryTTPP42: Master Using HMRC Manuals for Tax ResearchTTPP37: Master Using Tax Legislation (and the Benefits this Brings) TTPP 1: How to Undertake Effective Tax Research -
Show notes: thetaxprofessionalspodcast.com/TTPP88
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
Tax Research Masterclass
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
Rough timingsResources
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 -
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 detailResources
Tax Research Masterclass
Heather’s books:
Poised for Partnership: How to successfully move from senior associate and senior manager to partner by building a cast-iron personal and business case for partnershipThe Go-To Expert: How to Grow Your Reputation, Differentiate Yourself From the Competition and Win New BusinessHow to Make Partner and Still Have a Life: The Smart Way to Get to and Stay at the Top -
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 careerResources
Tax Research Masterclass
Sam’s articles:
Tax and Politics: Taxjournal.com (1 June 2021)U.K. COVID-19 Diary: Policy and Impacts, National Tax Journal, 2020, vol. 73, issue 3, 847-878A heretical view of tax simplification: Taxjournal.com:15 June 2017) -
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 them48:00) How to get more engagement with your postsResources
Masterclasses for tax professionals:
Tax Research MasterclassTax Advice Masterclass -
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 staffResources
Masterclasses for Tax Professionals
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Show notes: thetaxprofessionalspodcast.com/TTPP83
Tax Advice MasterclassSubscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
You’ll Learn
(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
Chrissie: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 betterResources
Tax Advice Masterclass
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Show notes: https://www.thetaxprofessionalspodcast.com/ttpp82
Subscribe: thetaxprofessionalspodcast.com/subscribe
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
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
You’ll LearnResources
Tax flashcards/squares – email Jack ([email protected]) or Nitin ([email protected]) 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/ - Vis mere
