Tax Senior Associate Job in Houston 77002, Texas US
As a level 5 Senior on our Tax Services Team, you will apply your industry knowledge and experience as you work on clients of the Firm to assist in advising them of tax implications of their business objectives and recommend alternate courses of action. You will take direction from other, more experienced members of the Team as you complete complex tax returns. You will supervise and review the work of others with less experience. Typical responsibilities will include utilizing research skills, applying your knowledge to understand potential tax issues, gathering client information necessary for filing, participate in tax planning, recognizing and communicating potential risks, preparing tax accrual work papers and assist in handling routine questions from federal or state agencies. You may be the main client contact for questions and information.
Tax Compliance
- Ensures both that (a) clients comply with all applicable authorities, while at the same time minimizing their tax and reporting burdens, and (b) self and client service teams comply with all Firm policies, standards, and the BDO Tax Quality Manual ("TQM").
- Manages projects by planning the tax process and the procedures to be performed with quality;
- Answers preparer questions, and coordinates engagement from onset by communicating expectations and procedures with preparers;
- Conducts detailed reviews on all returns and appropriate review notes for preparers; raises potential tax issues;
- Meets internal deadlines to match the client expectations for timely delivery of service;
- Identifies book-to-tax differences;
- Effectively manages projects by developing a budget; monitoring budget vs. actual; scheduling resources for project and identifying out-of-scope activity.
Research
- Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis.
- Applies most Firm and professional standards for preparation of WTA and tax returns.
ASC 740-10 (FAS 109 and FIN 48) Tax Accruals
- Correctly and proactively applies Firm policies, standards, and the BDO Tax Quality Manual (TQM) regarding FAS 109 and FIN 48.
- Prepares provision workpapers and discusses with the appropriate team members;
- Identify and discuss uncertain positions with team members;
- Review prepare footnote disclosures in compliance with 740-10-55;
- Effectively utilize and manage STS;
- Effectively drafts tax provision memorandums;
- Proactively communicates with Assurance counterparts to timely plan tax accrual reviews;
Tax Consulting
- Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients' current and future taxes.
- Identifies consulting opportunities to reduce client's tax liability;
- Provides efficient and effective support for client consulting projects;
- Gathers relevant information for controversy work, efficiently and effectively;
- Documents all significant tax positions, clearly, correctly, and in accordance with Firm and office policies (by creating memorandums to the files - Tax issues Memos). and ensures that proper documentation is archived to GoFileRoom;
Strategy Development
- Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits.
- May be required to prepare studies of tax implications and offers clients alternative courses of action;
- Supervises associates
- Provide verbal and written performance feedback to associates
- Ability to effectively delegate work as needed
- Trains other team members
- Other duties as required
- Possesses proven solid verbal and written communication skills
- Strong analytical and critical thinking skills
- Able to work well in a team environment
- Possess a demonstrated ability to identify tax consulting opportunities and willingness to market services to existing and prospective clients
- Builds and manages client relationships
- Ability to coordinate projects with specialized tax groups
- Possesses executive presence - needs to be able to be primary contact for the client
Education:
- Four-year degree in Accounting
- Masters degree in accounting/tax - a plus, masters degree in taxation - preferred
Experience:
- 3-5 years prior work experience
- Prior supervisory experience
- Excellent research skills and project management
- Experience with corporate taxation, consolidations, partnerships, and individuals
- Preparation and review of tax provisions
License/Certifications:
- CPA
Software:
- Has expertise in tax compliance software including GoFileRoom, GoSystemRS, Caseware, Excel, Word, BNA Depreciation Software, Adobe, etc.; and in the use of standard tax workpapers, as required for the position