Senior Tax Accountants are experienced financial professionals who specialize in managing and analyzing tax-related financial information for businesses or individuals. They are responsible for preparing tax returns, identifying tax-saving opportunities, and providing guidance to other members of the accounting team.
QUALIFICATIONS
Education
- Should be a graduate of Finance and or Accounting
- CPA is preferred but not required
Product Knowledge
- Complete knowledge of client accounts and businesses
- At least 3-4 years of experience in accounting or taxation
- Knowledge with Australian Taxation and Compliance is preferred
- Previous experience working with an Australian accounting firm
System and Application Knowledge
- Knowledge with Microsoft Office applications such as Outlook, Word, Excel, and PowerPoint
- Familiar with accounting tools such as Xero, MYOB and Quickbooks
- 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
- Good oral and written communication skills
Communications Skills
Efficiency
- Works within allotted budget hours for jobs assigned
- Ensures all deliverables are fulfilled in a timely manner
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 a variety of businesses.
- Apply technical proficiency and knowledge acquired through assigned work, self-study, course participation, and current technical reports and information study.
- 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 for 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 a 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
- Drafting of Tax Returns in client-specified software
- 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 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 the deadline set by the client.
- Daily Timesheet preparation in the client-specified application
- Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers
- Preparation and lodgement of Monthly, quarterly, or annual Activity Statement (IAS or BAS) of the client
- Any task deemed necessary by the Team Manager or Service Delivery Manager involving client Management
