Tax Senior, Core Tax Services - Passthrough Focus

BDO USA; Minneapolis (MN); On-site; USD 95,000 - 120,000; Full time

Job summary

BDO USA in Minneapolis is seeking a Tax Senior in Core Tax Services responsible for applying tax knowledge, gathering client information for filings, and participating in planning. The role may involve supervising and reviewing the work of Core Tax Services Associates to ensure accurate tax returns and adherence to Firm standards.

The position emphasizes research, issue framing, and communication of potential risks, with focus on tax accruals and consulting to optimize client tax outcomes.

Responsibilities

• Tax Compliance: Ensures clients comply with authorities and minimizes tax and reporting burdens while aligning with Firm policies and the TQM.
• Research: Identifies when research is needed, frames issues for research, and reports analysis clearly and concisely.
• ASC 740 (FAS 109 and FIN 48) Tax Accruals: Applies Firm policies to 740-10-55, prepares provision workpapers, discusses uncertain positions with the team.
• Tax Consulting: Assists with developing and implementing efficient methods to maximize client benefits and reduce tax liability, gathering 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