Tax Accounting Job Description
Tax accounting
provides expertise in US GAAP ASC 740, including maintenance of strong internal controls, particularly with experience in SOX controls and design.
Tax Accounting Duties & Responsibilities
To write an effective tax accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included tax accounting job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for financial reporting integrity and preparation of Local and US GAAP Financial Statements for Vz legal entities
Proactively communicate directly with the Sr
Overseeing global tax provision process with assistance from financial accounting and external auditors
Determination of tax rate and related disclosures
Identifying and documenting book-to-tax differences, reconciling tax filings to tax provisions, maintaining tax basis balance sheets, and testing deferred tax balances
Updating and maintaining documentation in support of various tax attributes including earning and profits, foreign taxes paid, tax loss carry-forwards, valuation allowances, and tax credits
Analyzing and documenting uncertain global tax positions
Supervises, guides, trains and supports Tax Associate and/or Tax Analyst in the preparation of and review of sales & use tax returns, Canadian GST and HST returns and property tax returns
Coordinates state income tax and sales & use tax audits
Manage the day to day operations of the tax accounting team (which consists of a Sr
Tax Accounting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Tax Accounting
List any licenses or certifications required by the position: CPA, SOX, WHT, AUTHORITIES, TAX, SARS, LEED, CMI, BSI, US
Education for Tax Accounting
Typically a job would require a certain level of education.
Employers hiring for the tax accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Taxation, Business/Administration, Economics, Accountancy, Education, Graduate, MBA
Skills for Tax Accounting
Desired skills for tax accounting include:
ASC 740
Accounting for Income Taxes
US GAAP standard ASC 740
Microsoft Excel
Continuous improvement
Microsoft Office
Quality assurance tools and concepts desired
SAP
US GAAP
Excel
Desired experience for tax accounting includes:
Able to apply designation in a FI
Prepare and file multi-state income tax returns
Prepare Federal and State tax returns, C-Corporate and Partnership tax returns, tax accruals and File extensions and estimated payments
Voluntary Disclosures, form 5471
Corporate income tax functions
Prepare federal and state consolidated tax returns
Tax Accounting Examples
1
Tax Accounting Job Description
Job Description Example
Our innovative and growing company is looking for a tax accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax accounting
- Responsible for interacting as needed with other areas of the operation, Corporate Treasury, Corporate Tax, and E&Y
- Review of AICs, SPPs, etc that impact KO business, in order to ensure that the financial statements are being properly reported and address to the LE Controller any doubt regarding the application of specific criteria
- Monthly review of financial statements and variances, providing narrative and ensuring active follow up of open items as needed
- Quarterly review of profit center allocation and FU Economic Profit calculation and analysis
- Management of E&Y Audit, in regards to planning activities, preparation of financial statements, diagnosis update on new regulations
- Review of tax and local regulatory aspects of contracts
- As relevant, BOFC Forms Review (e.g., Legal Reserves, Related Party Transactions, Impairment Survey)
- Collaborate with the franchise unit on balance sheet forecasting
- Evaluate Accounting implications of new projects or regulatory changes
- Prepare internal memoranda, written correspondence/guidance, and other documents
Qualifications for tax accounting
- Calculate tax basis and tax implications of proposed transactions
- Contact, communicate and maintain relationships with tax authorities
- Analyze tax accounts
- A Bachelor’s degree in Accounting and Masters in Accounting/Taxation
- Degree Qualified CPA/CA
- BS/BA in accounting or finance, advanced degree and/or certification highly desired (for tax positions MST highly preferred)
2
Tax Accounting Job Description
Job Description Example
Our innovative and growing company is hiring for a tax accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax accounting
- Maintains relationship with daily client contact
- Performs daily work with medium complexity, including closing full set of book, , preparation of annual financial statements, preparation of GST returns, preparation of tax returns with tax computations, accounts payable payment support services, and other tailor made management reports/ financial analysis
- Maintains relationship with clients
- Performs daily work with high complexity, including closing full set of books, preparation of annual financial statements, GST returns and tax returns with tax computations, accounts payable payment support services, and other tailor made management reports/ financial analysis
- Liaise with external auditors and tax agents
- Assists Manager in preparing proposal for clients
- Supervises junior staff and reviews draft deliverables
- Assists Manager/HOD to implement internal control procedures and train junior staff
- Monitor completion of time sheets
- Handle full set of accounts for clients
Qualifications for tax accounting
- Experience with managing taxes in several States State Tax Audits
- Interface with Corporate operating companies
- Identify and research tax issues using tax library and on-line tax services
- Prior public or related experience, minimum of 6 years, although may be flexible for the right person
- A minimum of 5 years previous experience within tax compliance
- Local and International technical tax Programs
3
Tax Accounting Job Description
Job Description Example
Our innovative and growing company is hiring for a tax accounting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for tax accounting
- The reconciliation of the general ledger GST accounts correctly and accurately, every month, on a timely basis, from a stand-alone and consolidated entity perspective
- The timely and accurate preparation of the annual income tax return and annual AIIR from a stand-alone corporate entity perspective
- Provide guidance and support when required to the direct reports in your team, including offshore team
- Thought leadership and subject matter expertise with a demonstrated ability in identifying process weaknesses and implementing change and process improvement
- Ability to manage own time and prioritise to meet deadlines achieve results under pressure
- Strong commercial acumen and industry knowledge
- Experience managing a team in an offshore environment
- Manage and control local accounting function ensuring accuracy of company books
- Manage preparation of statutory annual financial statements (Balance Sheet, Profit and Loss Statement, Cash-flow report, Footnote) and check supporting calculations, documents in conformity with Hungarian Act on Accounting
- Keep contact with the finance service center, auditors and authorities representing the company in tax and accounting matters
Qualifications for tax accounting
- The ideal candidate should have 1-3 years of accounting experience (tax specific background a plus)
- Certified Payroll Professional (CPP) certification or willing to study for exam
- Managing the centralisation of all Statutory Accounts and Tax activities currently being undertaken by Finance Services
- Developing and implementing a standard process and timetable around these activities and rolling out to the whole team
- Managing a team of accountants including their development and associated activities such as recruitment and absence management
- Managing and reviewing the delivery of accurate Statutory Accounts, P11D's, PSA and Tax packs to Group Tax and Group Finance on behalf of a number of business units across the businesses Systems in line with both Statutory and Group defined deadlines
4
Tax Accounting Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of tax accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax accounting
- Understands licensing process and required information for completing applications
- Performs daily work with high complexity, including reviewing and posting journal vouchers to accounting system, review and closing full set of books, PRC compliance documents, capital account, monthly and annual financial statements, tax returns with tax computations, and other tailor made management reports/ financial analysis
- Query management with internal and external- 3rd party stakeholders
- Assists Manager in preparing internal documents for new client enrolment
- Monitors progress of the service delivery and follow up outstanding regular matters with client's contact
- Supervises Accountants and Junior Accountants, and reviews draft deliverables
- Assists Manager/AM to implement internal control procedures and train junior staff
- Performs daily work with medium complexity, including preparing payment instructions, preparation of journal vouchers , posting journals to accounting system, closing partial or full set of book, prepare monthly and annual financial statements, tax returns with tax computations, services, and other tailor made management reports/ financial analysis
- Liaises with auditors of clients to assist field audit
- Review assistant accountant's work as assigned
Qualifications for tax accounting
- Bachelor's degree in Accounting, Finance, Economics, Business, or Taxation required
- Qualified candidates must be willing to travel
- Participate in personal tax engagements involving U.S. and combined US-Canadian individual income and estate tax return preparation for U.S. citizens living in Canada, U.S. residents working in Canada, and Canadians working and investing in the U.S
- Prepare U.S. and Canadian personal tax returns
- Research client issues that arise from compliance or planning work such as the effects of various tax treaty provisions on the taxpayer (employment income, capital gains, dividends, business profits)
- Bachelor of Science degree in Accounting/Finance
5
Tax Accounting Job Description
Job Description Example
Our company is looking for a tax accounting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for tax accounting
- Assist with review of forms filed with federal & state tax returns and quarterly estimates
- Assist with State apportionment & State NOL calculations
- Help review third-party prepared partnership returns & Schedule K-1s and 1099s from stock investments
- Assist with quarterly provision deliverables such as cash tax payments, refunds and tax accruals
- Prepare amended returns, as needed
- Provide support for transactional analysis to be communicated to Service Provider
- Analyze new or pending state or federal legislation using RIA, CCH, & BNA for tax impact to MI's business
- Assist with reviewing service provider's calculations on IRC Subpart F, Section 78 Gross-Up, Sections 987, 956 and Foreign Tax Credits
- Participate in year-end provision and respond to external auditors' requests
- Assist Audit group in resolving federal and state notices and IDR requests
Qualifications for tax accounting
- Tax proficiency
- Plan and participate in tax projects and compliance on various clients
- Efficiently review engagement work papers and tax returns
- Effective at supervising and training staff to prepare returns
- Possesses a solid command of pertinent IRC sections and regulations
- Develop an expertise in responding to tax authority notices and client representation