Job Description

rimary Responsibilities:

• Preparation of Tax Returns : Tax associates often prepare individual, corporate, or partnership tax returns. This includes gathering the necessary financial information, reviewing documentation, and ensuring the returns comply with relevant tax laws.
• Research and Analysis : They may research tax laws, regulations, and case precedents to provide recommendations or solutions related to tax planning or compliance.
• Client Communication : While direct client interaction might be limited, tax associates often assist in communicating with clients to gather required financial documents and clarify tax-related matters.
• Tax Compliance : Ensuring that clients or the company comply with federal, state, and local tax regulations is a key part of the role. This includes filing necessary documents on time to avoid penalties.
• Audit Support : Assisting in audits by gathering necessary documents, supporting data, and communicating with tax authorities as needed.
• Tax Planning Assistance : While a tax associate may not lead tax planning efforts, they can assist in preparing projections or estimates, reviewing financial information, and ensuring tax-efficient strategies.
• Document Management : Organizing and maintaining client files, ensuring all documentation is up-to-date, accurate, and accessible.

Skills and Qualifications:

• Education : A bachelor's degree in accounting, finance, or a related field is typically required. Some firms may require or prefer a master's degree in taxation or accounting.
• Technical Skills : Familiarity with tax preparation software (e.g., ProSystem fx, Thomson Reuters UltraTax, or similar) and spreadsheet software (e.g., Excel) is important.
• Attention to Detail : Tax associates need to be meticulous in reviewing documents, ensuring accuracy in filings and calculations.
• Analytical Skills : Ability to interpret complex tax laws, analyze financial data, and provide clear, concise recommendations.
• Communication Skills : Even though the role is often behind the scenes, associates must communicate effectively with both team members and clients.
• Time Management : Tax seasons (e.g., the months leading up to April for individuals) can be demanding, so the ability to manage time and prioritize tasks is essential.

Career Path:

Tax associates often have opportunities to advance to higher-level positions like:

• Tax Senior Associate or Tax Manager : Overseeing more complex client accounts, managing teams of associates, and taking on more responsibility for tax planning and strategy.
• Tax Director or Tax Partner : In large firms, individuals can rise to roles where they are involved in significant decision-making, managing client relationships, and driving business development.

Job Types: Full-time, Contract