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.
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
Drafting of Tax Return in client specified software
Prepare Tax Reconciliation and Tax Provision
Ensure all appropriate tax deductions and tax off-set are claimed base 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 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
Min. Work Experience
Should be graduate of Finance and or Accounting
CPA is preferred
Complete knowledge of client accounts and businesses
At least 4 - 6 years of experience in Accounting or Taxation
Knowledge with Australian Taxation and Compliance is preferred
General Accounting experience is preferred
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
Works within the organization and client quality guidelines
Ensures quality of work being delivered without being supervised
Good oral and written communication skills
Works within allotted budget hours for jobs assigned
Ensures all deliverables are fulfilled on a timely manner