Responsibilities
Responsible for U.S. income tax preparation for individuals and companies (Form 1040, 1065,1120, the 1120S, 990, etc.). Identify potential tax credits and liabilities. Ensures accurate and complete returns are filed in a timely manner for Federal, multi-state and local income tax returns by adhering to US Tax Compliance and regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES
· Prepare and assist in preparing simple to complex tax returns for individuals and businesses.
· Review various financial records like income statements, receipts of expenditures, and previous tax returns to determine a strategy for preparing current returns. Interview clients to get a thorough picture of their financial situation.
· Prepare and review tax returns using electronic filing software (Pro system FX, Pro series, Lacerate, Go System, Drake, Ultra tax, Intuit online tax), additionally QuickBooks expertise is a must
· Help taxpayers/clients by using their federal, state, and local codes and see to it that clients receive the maximum benefit permitted under the law of government. Uncover potential deductions and credits. Advise against potential tax liabilities. Ensure clients do not pay unnecessary taxes. Resolve customer queries.
· Verify totals on past forms for accuracy.
· Assist the operations team with their daily workload.
· Minimum 7+ years of experience in preparation, review and supervising US tax returns.
· Bachelor’s Degree in any relevant field, for example, commerce or finance.
· Enrolled Agent (EA), CPA, CMA is an added advantage.
· US GAAP – Strong knowledge of US Generally Accepted Accounting Principles (GAAP) or willing to study independently to acquire this knowledge.
· US Taxation - Strong knowledge of US Taxation rules for individuals and corporates. Must know how to look up relevant information online.
· Software Expertise – Expert knowledge of at least one tax preparation software. Must be able to learn new similar software. Examples of software: CCH, Pro System FX, Pro Series, Lacerte, Go System, Drake, Ultra Tax, Intuit Online Tax, Quickbooks, Xero
· Detail oriented – Must be able to juggle large numbers of details simultaneously while not losing track of their relationships with each other.
· Communication - Communicates clearly, fluently and in a compelling manner to create understanding. Actively listens to people to understand and seek feedback.
· Ownership and Accountability for Results - Demonstrates ownership for goals. Drives himself and others to achieve desired results. Reviews and monitors progress with course correction to ensure success. Raises the bar after each achievement.
· Learnability - Proactively seeks opportunities to learn and relearn. Seeks new challenging experiences without fear of failure. Quickly attains mastery even in unrelated areas. Utilizes learning for improving performance
