at BDO USA, LLP in Chicago, Illinois, United States
Job Description
Job Summary:
An Experienced Tax Senior is responsible for utilizing research skills, applying tax foundational knowledge to understand potential tax issues, gathering client information necessary for filing, participating in tax planning, recognizing and communicating potential risks, preparing tax accrual workpapers and working with tax software applications to complete tax returns for review. In this role, the Experienced Tax Senior will act as the main client contact for general questions and information and may be charged with supervising and reviewing the work of Tax Associates. Hours and schedule will fluctuate during employment.
Job Duties:
Tax Compliance
Ensures both that (a) clients comply with all applicable authorities, while at the same time minimizing their tax and reporting burdens, and (b) self and client service teams comply with all Firm policies, standards, and the BDO Tax Quality Manual ("TQM")
Manages projects by planning the tax process and the procedures to be performed with quality
Answers preparer questions, and coordinates engagement from onset by communicating expectations and procedures with preparers
Conducts detailed reviews on all returns and appropriate review notes for preparers; raises potential tax issues
Meets internal deadlines to match the client expectations for timely delivery of service
Identifies book-to-tax differences
Manages projects by developing a budget; monitoring budget vs. actual; scheduling resources for project and identifying out-of-scope activity
Research
Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis.
Applies most Firm and professional standards for preparation of WTA and tax returns
ASC 740-10 (FAS 109 and FIN 48) Tax Accruals
Correctly and proactively applies Firm policies, standards, and the BDO Tax Quality Manual (TQM) regarding FAS 109 and FIN 48
Prepares provision workpapers and discusses with the appropriate team members
Identifies and discusses uncertain positions with team members
Reviews & prepares footnote disclosures in compliance with 740-10-55
Utilizes and manages STS
Drafts tax provision memorandums
Communicates with Assurance counterparts to timely plan tax accrual reviews
Tax Consulting
Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients' current and future taxes
Identifies consulting opportunities to reduce client's tax liability
Provides efficient and effective support for client consulting projects
Gathers relevant information for controversy work, efficiently and effectively
Documents all significant tax positions, clearly, correctly, and in accordance with Firm and office policies (by creating memorandums to the files - Tax issues Memos) and ensures that proper documentation is archived to GoFileRoom
Strategy Development
Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits
May be required to prepare studies of tax implications and offers clients alternative courses of action
Other duties as required
Supervisory Responsibilities:
Supervises and manages the day-to-day work assignments of Core Tax Services Associates, as needed
Provides verbal and written performance feedback to Core Tax Associates, as necessary
Acts as mentor to Core Tax Services Associates
Qualifications, Knowledge, Skills and Abilities:
Education:
Bachelors degree in Accounting or another related field, required
Masters degree in Accounting beneficial, Masters degree in Taxation, preferred
Experience:
Three (3) or more years of prior experience, preferred
Experience with corporate taxation, consolidations, and partnerships, preferred
Prior basic supervisory experience, preferred
Prior experience preparing and reviewing of tax provisions, preferred
License/Certifications:
CPA, preferred
Software:
Experience with Microsoft Office Suite (Excel, PowerPoint, Word, and Outlook, preferred
Experience with Adobe Acrobat, preferred
Experience with tax research databases such as BNA and RIA Proficient in all tax compliance process software including GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software, or comparable programs and standard tax workpapers, preferred
Language:
N/A
Other Knowledge, Skills & Abilities:
Solid verbal and written communication skills
Ability to follow instructions as directed by members of Tax Team
Ability to prepare simple tax returns
Takes appropriate actions without being asked
Seeks advice of appropriate superiors... For full info follow application link.
All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, national origin, disability, protected veteran status, or any other classification protected by law.
