Analyst

H&R Block, Inc.; Hyderabad; On-site; INR 800,000 - 1,200,000; Full time

Job summary

H&R Block, Inc. in Hyderabad is seeking an experienced Australian Accounting and Tax professional to manage financial statements and Australian income tax returns for various entities.

You will support BAS/IAS, CGT concessions, and foreign income reporting, working with Australia-based stakeholders to ensure timely engagements. The role requires 3+ years in Australian accounting or offshore taxation, with strong knowledge of Australian taxation legislation and the ability to work independently

Qualifications

• Division 7A Compliance.
• Personal Services Income (PSI).
• Fringe Benefits Tax (FBT).
• GST Reconciliations and BAS/IAS Preparation.
• Capital Gains Tax (CGT) Concessions and Exemptions.
• Foreign Income Reporting and FITO Calculations.
• Australian Individual Tax Returns.
• Rental Property Taxation.
• Investment Income Taxation (Dividends, Trust Distributions, Managed Funds).
• Sole Trader Businesses and Small Business Compliance.
• Australian Accounting Standards and Tax Legislation.
• Strong communication skills and ability to work independently or in a team under pressure.

Responsibilities

• Assist in the preparation of Financial Statements for Individuals, Partnerships, Trusts, and Companies.
• Prepare Australian Income Tax Returns for various entity types.
• Support year-end and periodic compliance activities in accordance with Australian taxation requirements.
• Assist in revenue versus capital expenditure classification and related tax treatment.
• Prepare and reconcile BAS and IAS on a monthly and quarterly basis.
• Support compliance reviews relating to GST, PAYG, FBT, PSI, and Division 7A.
• Assist in identifying compliance risks and ensuring adherence to Australian tax legislation.
• Perform General Ledger reviews and account reconciliations.
• Support Capital Gains Tax calculations and concession assessments.
• Assist in Foreign Income reporting and FITO calculations.
• Conduct research on accounting and taxation matters as required.
• Communicate with clients to collect financial information and supporting documentation.
• Follow up on outstanding information requests and resolve client queries.
• Coordinate with Team Leads and Australia-based stakeholders to ensure timely completion of engagements.

Skills

Division 7A Compliance

PSI (Personal Services Income)

FBT (Fringe Benefits Tax)

GST Reconciliations

BAS/IAS Preparation

CGT Concessions

FITO Calculations

Australian Individual Tax Returns

Rental Property Taxation

Investment Income Taxation

Sole Trader Compliance

Accounting Standards & Tax Legislation

Time Management

Communication Skills

Education

B.Com + MBA/M.Com

Job description

What you'll do...

What roles and responsibilities:

What will you be doing? –

You will be accountable for workflow and ensure work is completed within strict deadlines.

Duties and Responsibilities in brief: -

Financial Reporting & Tax Compliance

• Assist in the preparation of Financial Statements for Individuals, Partnerships, Trusts, and Companies.
• Prepare Australian Income Tax Returns for various entity types.
• Support year-end and periodic compliance activities in accordance with Australian taxation requirements.
• Assist in revenue versus capital expenditure classification and related tax treatment.

BAS, IAS & Compliance

• Prepare and reconcile Business Activity Statements (BAS) and Instalment Activity Statements (IAS) on a monthly and quarterly basis.
• Support compliance reviews relating to GST, PAYG, Fringe Benefits Tax (FBT), Personal Services Income (PSI), and Division 7A.
• Assist in identifying compliance risks and ensuring adherence to Australian tax legislation.

Technical Accounting & Tax Support

• Perform General Ledger reviews and account reconciliations.
• Support Capital Gains Tax (CGT) calculations and concession assessments.
• Assist in Foreign Income reporting and Foreign Income Tax Offset (FITO) calculations.
• Conduct research on accounting and taxation matters as required.

Client & Stakeholder Management

• Communicate with clients to collect financial information and supporting documentation.
• Follow up on outstanding information requests and resolve client queries.
• Coordinate with Team Leads and Australia-based stakeholders to ensure timely completion of engagements

.

Experience Required –

What is the expectation from the candidate's current role/profile?

The ideal candidate should have working knowledge of:

• Division 7A Compliance
• Personal Services Income (PSI)
• Fringe Benefits Tax (FBT)
• GST Reconciliations and BAS/IAS Preparation
• Capital Gains Tax (CGT) Concessions and Exemptions
• Foreign Income Reporting and FITO Calculations
• Australian Individual Tax Returns
• Rental Property Taxation
• Investment Income Taxation (Dividends, Trust Distributions, Managed Funds)
• Sole Trader Businesses and Small Business Compliance
• Australian Accounting Standards and Tax Legislation
• The successful applicant must be able to work independently and/or with a team and under pressure, with good time management skills
• Demonstrate strong communication skills

What you'll bring to the team...

Qualification – B.Com + MBA/M. Com

Minimum 3+ years of experience in an Australian Accounting Practice or Offshore Accounting/Taxation Support environment.