Tax Advisor

MAI Capital Management; Independence Township (OH); On-site; USD 70,000 - 110,000; Full time

Job summary

MAI Capital Management seeks a Tax Advisor to prepare and review complex returns for high-net-worth individuals and entities. You will collaborate with Sports & Entertainment and Wealth Management for strategic tax planning and projections.

The role requires five years of tax experience, strong GAAP and tax knowledge, and superb client communication. You will handle audits, compliance, and financial statement reconciliations in a fast-paced team setting.

Qualifications

• Bachelor’s degree in Accounting or related field.
• CPA certification or CPA candidate.
• Minimum five years’ experience in tax, accounting or related field.
• MBA or Master’s degree in Accounting, Taxation, or related field preferred.

Responsibilities

• Prepare and review tax returns for individuals, trusts, S Corporation, C Corporation, Partnership, LLC, non-profit, gift, and other entities for high-net-worth clients.
• Coordinate with Sports & Entertainment and Wealth Management for tax planning and projections.
• Research athletes’ schedules and prepare duty day calculations for various states.
• Manage tax compliance and related financial statements for client entities.
• Interact with external auditors and state/federal tax authorities as needed.
• Maintain confidentiality and integrity of client information.

Skills

Tax knowledge

GAAP understanding

Communication skills

Teamwork

Time management

Problem solving

Analysis

Client service

Education

Bachelor’s degree in Accounting or related field

CPA certification

MBA or Master’s degree in Accounting/Taxation

Tools

GoSystem Tax RS

SurePrep

Bloomberg Tax

GoFileRoom/FirmFlow

BNA Planner

CCH Axcess

Job description

The Tax Advisor in the Tax Department is responsible for the preparation and review of individual, trust, S Corporation, C Corporation, Partnership, LLC, non-profit, gift, Canadian, FBAR, general excise/use, and personal property tax returns, as well as, annual reports for a wide variety of high-net-worth clients, including professional athletes. The Tax Advisor also supersedes the preparation of financial statements and reconciles the activity of our clients’ business entities.

MAJOR DUTIES AND RESPONSIBILITIES

• Prepares and reviews individual, S Corporation, C Corporation, Partnership, LLC, non-profit, gift, trust, Canadian, FBAR, general excise/use, and personal property tax returns and annual reports for high-net-worth clients, especially professional athletes.
• Works with various departments at MAI, including Sports & Entertainment and Wealth Management for general tax planning, including quarterly estimates and year-end projections.
• Research athletes’ yearly schedules and prepares duty day calculations for the various states and cities in which they performed services; amends tax returns for new clients to take advantage of duty-day laws in various states.
• Allocates S Corporation prize money and merchandising income in accordance with the various state laws.
• Responds to various client notices received from the federal, state, and local governments.
• Works with federal, state, and local governments to ensure that clients receive their tax refunds in a timely manner.
• Plans and executes IRS audits as Power of Attorney, including preparing supporting documentation, tying out line items of the tax return, and working with IRS auditors to reach a mutual agreement on the clients’ behalf.
• Contact for GoSystem RS software support regarding issues with tax software.
• Updates GFR/Firmflow software on a regular basis to ensure that all Tax team members are informed of tax return statuses.
• Serves as bookkeeper/controller for various client entities, prepares journal entries for all financial activity, reviews general ledgers for accuracy, and prepares and reconciles financial statements.
• Organizes, plans, and leads independent audits of non-profit foundations; works with external auditors as the audits progress; prepares all supporting documentation; restates financials from cash-basis to accrual-basis; and ensures financial statements are in accordance with GAAP.
• Prepares financial statements and tax returns for partnerships with various LLC’s and entities under its ownership, including tracking basis and yearly activity of each entity, working with external advisors to ensure all activity has been accounted for and to determine if any new activities were implemented, and keeping each entity current with its respective state filing requirements.
• Serves as client’s trusted advisor by demonstrating knowledge of industry trends, identifying client issues and conflicts; proactively communicating solution options to client and team.
• Demonstrates proficient technical skills for handling all client responsibilities, including knowledge of trends, industries, alternatives, etc., research complex tax issues.
• Participates in practice development activities that lead to new business and opportunities for cross-serves.
• Keeps current with continuing professional education requirements as stipulated by state CPA society regulations.
• Sets up and terminates client entities with the IRS and the states’ Secretary of State and Department of Taxation offices.

EXPERIENCE/CREDENTIALS

• Bachelor’s degree in Accounting or related field
• Certified Public Accountant or CPA candidate
• A minimum of five years’ experience in tax, accounting or related field
• MBA or Master’s degreein Accounting, Taxation, or related field preferred

COMPETENCIES

• In-depth knowledge of current tax law, especially as it pertains to high-net-worth individuals and professional athletes.
• General understanding of Generally Accepted Accounting Principles (GAAP).
• Ability to convert cash-basis financial statements to accrual-basis.
• Ability to thrive in a fast-paced and dynamic team-based, collaborative environment.
• Experience working with external auditors on independent audits of financial statements.
• Excellent verbal and written communication skills and ability to communicate effectively with high-profile individuals and their respective advisors.
• Strong organizational and interpersonal skills with a demonstrated commitment to teamwork and partnerships; works effectively as both a team member and an individual contributor.
• Proficient in Microsoft Office (Outlook, Word, Excel, Adobe, PowerPoint) and specialty tax and accounting software, such as GoSystem Tax RS, SurePrep, Bloomberg Tax, GoFileRoom/FirmFlow, BNA Planner and CCH Axcess.
• Excellent time management, project management, and analytical skills with a focus on managing multiple projects, meeting deadlines and immediate needs, and resolving complex problems.
• Demonstrated critical-thinking, problem solving, and tax research skills.
• Maintains flexibility to appropriately prioritize and execute to meet client and firm needs and support peak volumes and aggressive deadlines.
• Maintains absolute confidentiality of all client information and safeguards client and firm data; maintains high ethical standard in all practices.
• Professional and positive demeanor, superb work ethic, high level of personal ethics and integrity.