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Tax Accountant (AU Accounts)

A Tax Accountant is a financial professional who specializes in tax law and regulations. They are responsible for preparing and filing tax returns, ensuring compliance with tax laws, and providing advice on tax-related issues to individuals and businesses.

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 of Australian Taxation and Compliance is required
  • Previous experience working with an Australian accounting firm

System and Application Knowledge

  • Experience with MYOB Suite is required
  • Experience with Xero and Sage Handisoft suite are preferred but not required
  • Knowledge of Microsoft Office applications such as Outlook, Word, Excel, and PowerPoint
  • Ability to learn new systems and tools as needed

DUTIES AND RESPONSIBILITIES

Financial Statement Preparation Tasks

  • Data entry from client software into Sage Handiledger
  • 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

Other Tasks

  • Responsible for preparing BAS, bookkeeping procedures
  • Wide range of administration tasks such as liaising with the ATO
  • Delivering operating efficiencies through accounting and business systems
  • Staying informed on industry developments and changes in regulations
  • The position may also require some ad hoc bookkeeping from time to time in MYOB or Xero
  • Other ad hoc tasks as required

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
  • 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 Statements (IAS or BAS) for clients

Ad hoc tasks

  • Any task deemed necessary by the Partner involving client management