Partnership Manager, Tax

About the role

The Partnership Manager, Tax is responsible for providing tax and consulting services to our Pass-Through clients. This includes performing tax planning, preparation, and research, managing client engagements, supervising and reviewing work of team staff members, and working closely with clients, internal managers, and partners.

Responsibilities

• Performs tax planning, preparation, and research for Pass-Through businesses, manages client engagements, supervises and reviews work of team staff members, and works closely with clients as well as internal managers and partners.
• Writes up books and records for the business and composes written tax advice or responses to IRS inquiries.
• Demonstrates an understanding of tax concepts and actively pursues increased tax knowledge through client assignments and current tax developments.
• Tax Compliance: Ensures clients comply with all applicable authorities while minimizing their tax and reporting burdens, and ensures self and client service teams comply with Firm policies and the BDO Tax Quality Manual.
• Conducts top-level review of tax accruals and resolves all tax issues with clients; involves specialists where appropriate.
• Communicates any issues identified in tax accrual reviews with clients and reviews the tax process and procedures to include: budgeting and staffing, monitoring engagement process, and actual time incurred vs. budget with assistance of Senior.
• Timely billing, including management of out-of-scope activity and communication to clients; timely collection of A/R; manages client relationships/expectations in accordance with the project; provides advice to clients in a timely manner.
• 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 written tax advice and tax returns, involving firm specialists where appropriate.
• Develops and introduces new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits; reviews studies of tax implications and offers clients alternative courses of action; identifies and leverages lessons learned on prior projects, and offers input on how to improve processes and methods.
• Other duties as required.

Requirements

Responsible for building a team of professionals by training and working together to serve our high net worth clients with timely responses to their needs. Supervises associates and senior associates on all projects, reviews work prepared by associates and senior associates and provides review comments, trains associates and seniors how to use all current software tools, schedules and manages workload of associates and senior associates, provides verbal and written performance feedback to associates and senior associates.

Qualifications, Knowledge, Skills and Abilities

• Bachelor's degree in Accounting or other relevant field, required.
• Masters degree in Taxation, preferred.
• Five (5) plus years of public accounting experience working in the private client area, i.e. working on individual, estate, partnership, S-corporation, trust, and private foundation tax/consulting clients, required.
• CPA certification, required.
• Proficient in Microsoft Office Suite.
• Excellent written and verbal communication skills.
• Ability to work independently and in a team environment.
• Strong analytical, research, and critical thinking skills as well as decision-making skills.
• Capable of developing and managing a team of tax professionals.
• Capable of effectively developing and maintaining client relationships.

Skills

• Advanced knowledge and experience with subchapter K of the Internal Revenue Code of 1986 as amended.
• Knowledge of optional basis adjustments under sections 734 & 743.
• Knowledge of section 752 liability allocations.
• 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.

Benefits

California Range: $110,000 - $150,000
Colorado Range: $95,000 - $130,000
Illinois Range: $105,000 - $130,000
Maryland Range: $113,000 - $120,000
Massachusetts Range: $120,000 - $130,000
Minnesota Range: $90,000 - $120,000
New Jersey Range: $115,000 - $140,000
NYC/Long Island/Westchester Range: $125,000 - $155,000
Washington Range: $95,000 - $125,000
Washington DC Range: $120,000 - $140,000

About Us

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.

Equal Opportunity Employer

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, celebrating ingenuity and innovation to transform our business and help our clients transform theirs, focusing on resilience and sustainability to positively impact our people, clients, and communities, and BDO Total Rewards that encompass so much more than traditional “benefits.” Click here to find out more!