A Tax Accountant would deal with tax reporting and advising on relevant changes to legislation or tax issues that affect the business. In this case instead of having a portfolio of clients as you would in an accountancy firm you would be dealing with the group companies and your clients would be other people working within the business. In a bank or insurance group you might also provide some form of tax assistance to the bank’s clients.
Duties and responsibilities could include:
- Displaying technical understanding of tax reporting provided on the various tax forms generated guaranteeing information provided to clients and HMRC is compliant and accurate.
- Ensures reporting is in accordance with departmental procedures and also complies with the regulations of the Internal Revenue Code.
- Appropriately identifies and communicates issues in reporting, notifying management when necessary.
- Assists in development, testing and implementation of new workflows and procedures to accommodate system or HMRC form changes.
- Partners with the various business segments, vendors and operations teams that impact tax reporting to ensure accurate and timely resolution of issues.
- Identifies departmental trends and recommends improvements to workflow efficiencies
- Review and process daily, weekly, and/or monthly reports per unit guidelines.
- Supports external and internal clients with prompt, courteous, and accurate information in both telephone and written correspondence.
- Proactively maintains and documents updates to departmental procedures in an effort to develop thorough resources that can be leveraged by all levels of business.
- Trains unit and department members on various job responsibilities as assigned so that the trainee can perform the task to the required standards without assistance. Understands the impact of problems and new initiatives to unit functions. Explains concepts and workflows to less tenured crew members.
- Participates in special projects and performs other duties as assigned. Assists or assumes responsibility in unit-related, division, or corporate projects including testing and verification.
- Undergraduate degree (Accounting or Finance preferred) or an equivalent combination of training and experience.
- Minimum two years’ business experience.
- Experience in tax withholding or reporting preferred.
- Strong attention to detail.
- Demonstrated ability to meet deadlines.
- Strong organisational and problem resolution skills.
- Excellent analytical ability, research and time management skills.
- Strong PC skills using Microsoft Word and Excel.
- Effective written and verbal communication skills.