Job Summary: The Tax Associate, Core Tax Services is responsible for utilizing their educational background as well as communication and organizational skills by assisting with the preparation of tax returns and research. In this role, the Tax Associate, Core Tax Services will be charged with utilizing basic research skills and working with tax software applications to complete simple tax returns for review. 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").
- Applies understanding of client's unique set of circumstances, documentation, and/or other requirements mandated by law and prepares required filings (tax returns) using a system of review and documentation to ensure that the client is in full compliance, while keeping the client's tax and reporting burden's as low as possible;
- Ensures all data needed to comply with filing requirements are collected; identifies and properly communicates missing items to prepare return;
- Utilizes Firm compliance software to maximize efficiency in tax prep process
- Effectively teams with Senior on completion of project (follow-up with Open items list;
- Documents all significant tax positions
- 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.
- Assists with prep and/or review of income tax provisions
- Tax Consulting
- Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients' current and future taxes.
- Applies knowledge of home state corporate, partnership and individual tax structure and filing requirements in completing assigned work;
- Effectively drafts clear and concise general memorandums and correspondence;
- Identifies potential relevant tax issues or opportunities as part of the tax compliance process.
- Other duties as required
Qualifications, Knowledge, Skills and Abilities: Education:
- Bachelors degree in Accounting, Finance, Economics or Statistics required OR Bachelor's degree in other focus area and CPA certification required
- Masters in Accountancy or Taxation preferred
Experience:
- Leadership experience preferred
- Accounting based internship preferred
License/Certifications:
- Eligible to sit for the CPA exams; progress towards admission to practice in a U.S. jurisdiction; progress towards Internal Revenue Service Enrolled Agent ("EA") (or progress towards the equivalent of one of these designations) upon starting employment preferred
Software:
- Proficient with the Microsoft Office Suite preferred
Other Preferred Knowledge, Skills & Abilities:
- Strong written and verbal communication skills
- Ability to follow instructions as directed
- Ability to work effectively in a team setting
- Takes appropriate actions without being asked
- Seeks advice of appropriate superiors regarding issues related to compliance
- Ability to prepare simple tax returns
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography. California Range: $75,000 - $82,000 Colorado Range: $56,000 - $68,000 NYC/Long Island/Westchester Range: $72,000 - $78,000 Washington Range: $65,500 - $75,000
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