Are you interested in a career as a tax accountant? If you are, you’ll be happy to hear that, according to the federal government, the future job prospects for accountants are predicted to be good—or very good—across most Canadian provinces.

Read on to find out more about recent trends in the tax accounting industry and how Computek College’s Accounting, Payroll, and Tax program (APAT) can help you stay up-to-date.

Cloud-Based Accounting

Integrating accounting services with cloud technology has proven highly advantageous for many businesses. By hosting accounting systems on the cloud, numerous companies now enjoy the convenience of accessing their digital platforms at any time and from anywhere.

Furthermore, data accessibility extends beyond mere “Read Only” versions, offering the added benefits of sharing, editing, copying, and collaborative work on files. This functionality enables businesses to effectively track various aspects, including expenses, sales, and inventory.

Our APAT Program will teach you everything about common accounting tools, such as Sage 50, Sage 300, Payroll Level – I, and Payroll Level – II, preparing you to handle any accounting system your future employer may prefer.

Transactional Work Automation

Automation of transactional work in the field of accounting will require that tax accountants focus on enhancing their soft skills, leadership abilities, and emotional intelligence. This will enable them to transition into roles such as “value partners” or “chief future officers,” aiding company owners, CFOs, and CEOs in steering their organizations in the right direction. Our APAT program covers communication essentials that will enable you to succeed in performing duties that can’t be replaced by AI.

Given their expertise in scrutinizing details and identifying anomalies, accounting teams must also receive training in recognizing and addressing potentially harmful emails to prevent data breaches. By championing cybersecurity within their organization, accountants can play a pivotal role in safeguarding against threats.

As we move forward into 2023, the demand for forensic accountants specializing in internal controls and compliance is projected to reach unprecedented levels. With the rise of white-collar crimes such as identity theft, employment fraud, and insurance fraud, businesses can rely on forensic experts to explore digital solutions to combat these threats effectively.

While APAT doesn’t cover the basics of forensic accounting, our course teaches financial analysis and control skills that will empower you to succeed as a forensic accountant if you choose to move in that direction in the future.

More Inclusive Environment

Based on the answers of 3000 accountants in a 2019 worldwide survey, a staggering percentage of accountants (around 90%) believe that accounting in the future will undergo a cultural shift by the next decade.

Another highlight revealed from the aforementioned survey is that more than 82% of accountants will start recruiting new employees from non-traditional backgrounds. Therefore, if you are a newcomer to Canada, it is an exciting time for you to break into the tax accounting industry.

At Computek College, we want to set you up for success in the accounting industry. Contact us today for more information about our programs!