Tax Sr.
3 weeks ago
Responsibilities:
• Assist with the preparation and filing of various tax returns including individual, partnership, and trust tax returns.
• Manage data entry tasks such as entering financial data into relevant systems and ensure timely updates.
• Prepare IT-204LL filings and ensure their timely submissions.
• Assist in reconciling various financial documents to trial balances and make necessary adjusting journal entries in coordination with the Reporting Manager.
• Prepare and track the filing status of quarterly tax estimates and related vouchers.
• Manage e-filing of tax returns, extensions, and estimates, and prepare paper-filed returns when necessary.
• Maintain basis calculations for partnerships exited during the current year and assist with true-up calculations and related tax forms.
• Analyze new and closed accounts, updating relevant systems, and tracking accounts accordingly.
• Assist with tax information request letters to related parties, follow up on open items, and coordinate with Central Admin as necessary.
• Track and follow up on tax notices and refunds, ensuring proper resolution and refund processing.
• Manage and organize e-file forms with signatures, ensuring that all tax documents are properly scanned and stored.
• Order relevant software, review forms, and ensure proper rollover of returns, including unused gift tax returns.
• Prepare and file amended returns as needed to correct any discrepancies as needed.
• Perform updates and improvements to relevant systems, clean up adjusting journal entries before import, and save system tabs individually after relevant deadlines.
• Handle accounting and reporting responsibilities related to specific entities.
• Perform bank reconciliations during slower tax periods, alternating duties with other team members.
• Obtain EINs for new entities and prepare dissolution forms for closing entities.
• Maintain the loan summary schedule, prepare loan documents as needed, and review the loan schedule annually.
• Prepare pay stubs for specific employees, file appropriate forms for family employees, and manage forms and payroll tax returns.
• Prepare W-2 and W-3 forms for employees and ensure timely filing annually.
• Order and install payroll tax software for specific employees, as well as W-2 and reporting software and forms annually.• Proficiency in CCH ProSystem Fx software for tax management.
• Advanced knowledge of Microsoft Excel for data management and reporting.
• Experience in using QuickBooks for accounting and financial tasks.
• Familiarity with SAP S/4HANA for business process management.
• Ability to create Ad Hoc Reports for specific business queries.
• Understanding of Compliance requirements in the corporate sector.
• Experience in conducting Compliance Audit for tax and financial processes.
• Knowledge of Corporate Income Tax laws and regulations.
• Experience in managing Corporate Tax Compliance to avoid legal issues.
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