Partnership Tax Manager, Advanced Computational Services
BDO USA
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Benefits offered by this job
Job summary
BDO USA in Massachusetts is seeking a Tax Manager, Partnerships to advise clients on partnership tax planning, including 704(b) allocations, 734/743 adjustments and TRA calculations. You will contribute to the STS Partnership Practice leadership, client relations, and process improvements.
Requirements include five or more years of relevant tax experience, CPA/EA or equivalent, and a Bachelor’s in Accounting/Finance (Master’s preferred). Strong communication and mentoring skills are essential.
Qualifications
- Bachelor’s degree required; major in Accounting, Finance, Economics or Statistics preferred
- Master’s in Accountancy or Taxation preferred
Responsibilities
- Advises clients on partnership taxation issues and allocations
- Performs and reviews partnership computations for 704(b), 734(b) and 743(b)
- Calculates TRA (Tax Receivable Agreement) implications
- Leads and mentors junior staff and coordinates with engagement teams
Skills
Education
Tools
Job description
As a Tax Manager, Partnerships, you will be responsible for advising clients on the tax implications of their business objectives and various partnership specific items including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role the Tax Manager, Partnerships will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations. The Tax Manager, Partnerships is key to the leadership team of the STS Partnership Practice and actively participates in the development of the group. In addition, the Tax Manager, Partnerships is an active participant in process improvement and team-building initiatives, maintains client relationships, and acts as a source of guidance to other team members.
As a Tax Manager, Partnerships, you will be responsible for advising clients on the tax implications of their business objectives and various partnership specific items including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role the Tax Manager, Partnerships will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations. The Tax Manager, Partnerships is key to the leadership team of the STS Partnership Practice and actively participates in the development of the group. In addition, the Tax Manager, Partnerships is an active participant in process improvement and team-building initiatives, maintains client relationships, and acts as a source of guidance to other team members.
- Maintains and develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
- Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
- Identifies complex issues to be researched by engagement team and provides research methodology for efficient research process
- Trains associates and senior associates on research skills and helps to appropriately frame tax issues for analysis
- Involves firm specialists, as appropriate
- Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients’ current and future taxes
- Applies the combination of tax knowledge and knowledge of business/industry to recommend solutions
- Maximizes client benefits, especially by decreasing client taxes, while managing risk
- implements applicable Firm strategies
- manages client expectations
- Develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
- May be required to participate in organizing and conducting, effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year
- Trains and mentors’ associates, senior associates, and managers
- Other duties as required
- Supervises associates and senior associates on all projects
- Reviews work prepared by associates and senior associates and provides review comments
- Trains associates and senior associates on how to use all current software tools
- Acts as a career advisor to associates and senior associates
- Schedules and manages workload of associates and senior associates
- Provides verbal and written performance feedback to associates and senior associates
- Bachelor’s degree, required; major in Accounting, Finance, Economics or Statistics, preferred
- Master’s in Accountancy or Taxation, preferred
- Five (5) or more years of prior relevant tax experience and/or public accounting, private industry accounting or consulting/professional services experience, required
- Specialized partnership experience, required
- Prior supervisory experience, preferred
- Private equity experience, both fund and portfolio company levels, preferred
- CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent (“EA”) (or the equivalent of one of these designations), preferred
- Possession of other professional degrees or certifications applicable to role, preferred
- Proficient with the Microsoft Office Suite, preferred
- Experience with tax research databases and tax compliance process software, preferred
- Superior verbal and written communication skills
- Ability to effectively delegate work as needed
- Strong analytical, research and critical thinking skills as well as decision-making skills
- Ability to work well in a team environment
- Ability to develop and manage a team of tax professionals
- Ability to effectively develop and maintain client relationships
- Solid organizational skills, especially ability to meet project deadlines with a focus on details
- Ability to successfully multi-task while working independently and within a group environment
- Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
- Ability to build and maintain strong relationships with firm and client personnel and the ability to successfully interact with professionals at all levels
- Ability to cultivate a positive team environment on engagements and contribute to the professional development of team personnel
- Executive presence and ability to act as primary contact on assigned engagements
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.
National Range: $79,800 - $168,000
Maryland Range: $79,800 - $168,000
NYC/Long Island/Westchester Range: $79,800 - $168,000
Washington DC Range: $79,800 - $168,000
Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.
At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well‑being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.
We Are Committed To Delivering Exceptional Experiences To Middle Market Leaders By Sharing Insight-driven Perspectives, Helping Companies Take Business As Usual To Better Than Usual. With Industry Knowledge And Experience, a Breadth And Depth Of Resources, And Unwavering Commitment To Quality, We Pride Ourselves On
- Welcoming diverse perspectives and understanding the experience of our professionals and clients
- Empowering team members to explore their full potential
- Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
- Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
- Focus on resilience and sustainability to positively impact our people, clients, and communities
- BDO Total Rewards that encompass so much more than traditional “benefits.” Click here to find out more!
- Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vets
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
“BDO USA, P.A. is an EO employer M/F/Veteran/Disability"
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