The Senior Tax Accountant is responsible for leading tax planning, compliance, and reporting activities, ensuring accuracy and compliance with regulations. They oversee tax returns, provide guidance to junior staff, develop tax strategies, and stay updated on tax laws.
DUTIES AND RESPONSIBILITIES
Financial Statement Preparation Tasks
- Review general ledger balances, reports, and transactions to verify their accuracy for the correct tax application.
- Prepare and complete working papers according to client and regulatory standards for clients in variety of businesses.
- Apply technical proficiency and knowledge acquired through assigned work, self-study, participation in courses, and study of current technical reports and information.
- Prepare adjustments, if applicable, to correct the client’s tax allocation
- Perform year-end accruals review.
- Gathering all pertinent information and confirmation received to prepare job notes to the financial statements.
- Ensure all working papers are updated to reflect the final version of the financial statements.
- Remain knowledgeable with updates in the accounting software.
- Generating complete set of Financial Statements to be sent to clients.
- Preparation of Trust Distribution and Dividend Statement, if applicable.
- Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers.
Income Tax Return Preparation Task
- Prepare Tax Reconciliation and Tax Provision
- Prepare state tax returns, such as payroll tax and land tax
- Preparing income tax returns and financial statements for individuals, sole traders, companies, trusts
- Ensure all appropriate tax deductions and tax off-set are claimed based on regulatory standards.
- Ensure all necessary tax return sections are filled out and with no validation errors.
- Researching and consulting on a range of tax issues and drafting tax advice for our managers and partners.
- Process and Work Flow Compliance
- Ensure the proper completion of the tax compliance checklist provided by the onshore team.
- Manage workflow and ensure jobs are completed accordingly before deadline set by the client.
- Daily Timesheet preparation in client specified application.
- Pro-active raising queries
- Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers.
- ATO Compliance
- Preparation and lodgement of Monthly, quarterly or annual Activity Statement (IAS or BAS) of the client.
- Liaising with the ATO, OSR, clients, and other professionals via emails to ensure timely and accurate completion of tasks
- Ad hoc tasks
- Any task deemed necessary by the Team Manager or Service Delivery Manager involving client Management.
- KEY RESULT AREAS AND PERFORMANCE INDICATORS (KRA’s & KPI’s)
- Productivity needs to meet the minimum expectation set for each jobs.
- Completion of jobs within budget hours as set by the client.
- Quality of working papers, job notes
- Accuracy and completeness of Financial Statements and Tax Return
- Timeliness in submission of queries and job completion
- Punctual and regular attendance is an expectation.
- Efficient resolution of Issues and Risks Escalations
QUALIFICATIONS
Education
- Should be graduate of Finance and or Accounting
- CPA is preferred.
Product Knowledge
- Complete knowledge of client accounts and businesses
- At least 3-5 years of experience in accounting or taxation
- Proven experience with Australian Taxation and Compliance is essential.
- Previous experience working with an Australian accounting firm.
System and Application Knowledge
- Knowledge with Microsoft Office applications such as Outlook, Word, Excel, and PowerPoint
- Experience with accounting tools such as Xero and MYOB
- Ability to learn new systems and tools as needed
Quality
- Works within the Hammerjack and Client quality guidelines
- Ensures quality of work being delivered without being supervised
Communications Skills
- Good oral and written communication skills
Efficiency
- Works within allotted budget hours for jobs assigned.
- Ensures all deliverables are fulfilled on a timely manner
