Our Senior Tax Accountants are responsible primarily for completing the working papers and assisting the onshore team of client’s tax compliance reports.The Tax Accountant is also responsible for handling fundamental and core aspects of clients’ tax compliance and may assist with advanced tasks provided by the Accounting Manager or Service Delivery Manager.
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 for businesses including Companies and Trusts in Xero/MYOB.
- 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.
- Preparation of Div7A loan agreements and related calculations.
Income Tax Return Preparation Task
- Preparation of Individuals, Partnerships, Companies, Trusts and SMSF tax returns and financial statements, ensuring accuracy and compliance with all tax regulations in Australia.
- Prepare Tax Reconciliation and Tax Provision
- 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.
Process and Workflow Compliance
- Ensure the proper completion of the tax compliance checklist provided by the onshore team.
- Manage workflow in Karbon 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.
Ad hoc tasks
- Any task deemed necessary by the Team Manager or Service Delivery Manager involving client Management.
QUALIFICATIONS
Education
- Bachelor’s degree or higher in Accounting
Product Knowledge
- Strong knowledge of tax regulations and compliance in Australia.
- At least 2-3 years of experience in accounting or taxation
- Previous experience working with an Australian accounting firm
System and Application Knowledge
- Knowledge with Microsoft Office applications such as Outlook, Word, Excel, and PowerPoint.
- Proficiency in tax preparations software including Handisoft, MYOB, Xero, and QuickBooks.
- Ability to learn new systems and tools
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 skill
Efficiency
- Works within allotted budget hours for jobs assigned.
- Ensures all deliverables are fulfilled on a timely manner.
