Job Description for Tax Specialist
1. Tax Compliance:
· Prepare and review federal, state, and local tax returns for individuals, businesses, and organizations.
· Ensure compliance with tax laws, regulations, and reporting requirements.
· Research and interpret tax laws and rulings to provide accurate advice and guidance to clients or the organization.
2. Tax Planning:
· Develop and implement tax strategies to minimize tax liabilities and optimize financial outcomes for clients or the organization.
· Provide proactive tax planning advice to individuals, businesses, and organizations.
· Analyze financial data to identify tax-saving opportunities and risks.
3. Client Consultation and Communication:
· Meet with clients to discuss their tax situation, goals, and concerns.
· Communicate complex tax concepts in a clear and understandable manner to clients or stakeholders.
· Provide guidance and recommendations tailored to clients' specific needs and objectives.
4. Tax Research and Analysis:
· Conduct research on tax issues, legislation, and regulations to stay updated on changes and developments.
· Analyze tax implications of business transactions, investments, and other financial activities.
· Prepare memoranda, opinions, and reports summarizing tax research findings and recommendations.
5. Audit Support and Resolution:
· Assist clients or the organization in responding to tax notices and inquiries from tax authorities.
· Represent clients in tax audits and examinations, if necessary.
· Resolve tax controversies and disputes through negotiation or other means.
6. Team Collaboration and Leadership:
· Collaborate with other members of the tax team, as well as professionals from other departments (e.g., legal, finance).
· Provide guidance, training, and mentorship to junior staff members.
· Lead or participate in special projects and initiatives related to tax planning, compliance, or process improvement.
Qualifications:
1. Education:
· Bachelor's degree in accounting, finance, or a related field.
2. Experience:
· 4-5 years of experience in tax preparation, planning, and consulting.
· Experience with tax research, analysis, and compliance for individuals, businesses, and/or nonprofit organizations.
3. Technical Skills:
· Proficiency in tax software(Drake, Pro-Connect, Lacerte, Ultra-Tax, ATX etc.) and tools (e.g. Canopy, Sharepoint, TaxDome, Monday.com etc.)
· Strong understanding of federal, state, and local tax laws and regulations.
· Excellent analytical and problem-solving skills.
4. Communication and Interpersonal Skills:
· Excellent written and verbal communication skills.
· Ability to effectively communicate complex tax concepts to clients, colleagues, and stakeholders.
· Strong interpersonal skills and ability to build rapport with clients and team members.
5. Attention to Detail and Accuracy:
· High level of attention to detail and accuracy in tax calculations and documentation.
· Ability to review and analyze financial data with precision.
6. Professionalism and Ethical Conduct:
· Commitment to upholding professional standards and ethical guidelines in the practice of tax law and accounting.
· Integrity and discretion when handling confidential client information.
Excellent Expertise required in Preparing and Filing Following Forms:
1. Individual Tax Returns
2. Business Tax Returns
3. Employment Tax Forms
4. Retirement and Investment Forms
5. Deduction and Credit Forms
6. Foreign Reporting Forms
7. Estate and Gift Tax Forms
Job Type: Full-time
Pay: Rs120,000.00 - Rs130,000.00 per month
Work Location: Remote