"Read everything possible" – leading tax expert, Tom Maguire, on his career advice (Sponsored)

Jul 09, 2020
By Rachel Sherlock, Marketing Manager at Bloomsbury Professional Ireland

There are few more prominent voices in the world of Irish tax than Tom Maguire. He is the author of three of the most important tax annuals: Irish Income Tax, Irish Capital Gains Tax and The Taxation of Companies. This is in addition to his role as tax partner at Deloitte, leading the firm's tax technical and tax policy team, as well as being an author of a weekly tax column in The Business Post.

Earlier this year, Tom was interviewed for the Obiter Dicta podcast to speak on his experience as an author of numerous tax titles. It was also a chance for him to share his wealth of information for students and young professionals starting out in this area.

Among his advice, he advocated for solicitors to take the tax exams, stating that "tax is a part of every transaction, doesn't matter what it is... tax is going to be there". He also spoke about how he cultivated his work ethic and the things that helped motivate him early in his career.

In one anecdote he stated: "Learn as much as you can from every person that crosses your path. Read everything that's possible to read in relation to it. I had a mentor once, and I'll never forget it. He said to me in a very cold voice at the time: 'If you haven't read about the law, you don't understand the law, you cannot apply the law, then you should not be advising on that law'. And that's always stuck with me."

With his prolific work and uniquely broad experience, Tom's interview makes for lively listening, especially for those starting out in a career in tax.

You can listen to the full interview here, or subscribe to Obiter Dicta on the various podcast apps including iTunes, Spotify and Stitcher. Each episode features interviews with Ireland's leading legal and tax professionals on their areas of interest and expertise.

Tom's tax annual Irish Income Tax 2020 was released last month and can be bought here. This new edition has been updated to cover several new areas including Key Employee Engagement Programme (KEEP) and other relieving provisions, and Emergency Measures in the Public Interest (COVID-19) Act 2020, including the Temporary Wage Subsidy Scheme.

His title, The Taxation of Companies 2020, was released in February of this year and can be bought here, while Irish Capital Gains Tax 2020 will be released later this year.

(This article is sponsored by Bloomsbury.)