Tax Senior, Core Tax Services - Corporate/ASC 740 Focus

BDO USA, Llp; Phoenix (AZ); On-site; USD 85,000 - 115,000; Full time

Job summary

BDO USA is seeking a Tax Senior for Core Tax Services in Phoenix. The role involves applying tax knowledge to identify issues, gathering client information for filing, and participating in tax planning while mentoring associates.

The senior may supervise Core Tax Services Associates and ensure timely, accurate tax returns and reviews. The position emphasizes adherence to firm policies and tax quality standards, with emphasis on researching issues and communicating potential tax risks to clients

Responsibilities

• Tax Compliance: Ensures clients comply with authorities while minimizing tax and reporting burdens and adherence to Firm policies and the BDO Tax Quality Manual.
• Research: Identifies when research is needed and frames issues clearly for analysis; applies Firm standards for preparation of returns.
• ASC 740 (FAS 109 and FIN 48) Tax Accruals: Applies policy, prepares provision workpapers, discusses uncertain positions, and reviews footnote disclosures.
• Tax Consulting: Assists in developing and implementing strategies to maximize client benefits and reduce current and future taxes; gathers information for controversy work.

Job description

Job Description

The Tax Senior, Core Tax Services is responsible for utilizing research skills, applying tax foundational knowledge to understand potential tax issues, gathering client information necessary for filing, participating in tax planning, recognizing and communicating potential risks, preparing tax accrual workpapers, and working with tax software applications to complete tax returns for review. In this role, the Tax Senior, Core Tax Services may be charged with supervising and reviewing the work of Core Tax Services Associates.

Job Summary

The Tax Senior, Core Tax Services is responsible for utilizing research skills, applying tax foundational knowledge to understand potential tax issues, gathering client information necessary for filing, participating in tax planning, recognizing and communicating potential risks, preparing tax accrual workpapers, and working with tax software applications to complete tax returns for review. In this role, the Tax Senior, Core Tax Services may be charged with supervising and reviewing the work of Core Tax Services Associates.

Job Duties

• 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.
• 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 (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;
  • Identifies and discusses uncertain positions with team members;
  • Reviews & prepares footnote disclosures in compliance with 740-10-55.
• 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