Partnership Manager, Tax

About the role

The Partnership Manager, Tax is responsible for providing tax and consulting services to Pass-Through clients.

Responsibilities

• Performs tax planning, preparation, and research for Pass-Through businesses, manages client engagements, supervises and reviews work of team staff members, and collaborates closely with clients as well as internal managers and partners.
• Performs write-up of books and records for the business and composes written tax advice or responses to IRS inquiries.
• Contributes to client satisfaction by providing timely services and work product.
• Demonstrates an understanding of tax concepts and actively pursues increased tax knowledge through client assignments and current tax developments.
• Ensures both that (a) clients comply with all applicable authorities while 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”).
• Conducts top-level review of tax returns and resolves all tax issues with clients; involves specialists where appropriate.
• Communicates any issues identified in tax accrual reviews with clients and Assurance.
• Plans and reviews the tax process and procedures, including:
  • Budgeting and staffing.
  • Monitoring engagement process and actual time incurred vs. budget with assistance of Senior.
  • Timely billing, including management of identified out-of-scope activity and communication to clients.
  • Timely collection of accounts receivable.
• Manages client relationships and 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 reports the analysis.
• Applies most Firm and professional standards for preparation of written tax advice and tax returns.
• Involves firm specialists where appropriate.
• Introduces and develops 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.
• Supervises associates and senior associates on all projects, reviews their work, and provides review comments.
• Trains Associates and Seniors on how to use all current software tools.
• Acts as a Career Advisor to associates and senior associates.
• Schedules and manages the workload of associates and senior associates.
• Provides verbal and written performance feedback to associates and senior associates.
• Performs other duties as required.

Requirements

• Bachelor’s degree in Accounting or other relevant field (required).
• Master’s degree in Taxation (preferred).
• Five (5) plus years of public accounting experience working in the private client area, specifically with individual, estate, partnership, S-corporation, trust, and private foundation tax/consulting clients (required).
• CPA certification (required).
• Proficient in Microsoft Office Suite.

Skills

• Detailed oriented with excellent written and verbal communication skills.
• Ability to work independently and in a team environment.
• Strong ability to effectively delegate work as needed.
• 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.
• Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions.
• Advanced knowledge and experience with subchapter K of the Internal Revenue Code of 1986 as amended.
• Working knowledge of and experience with Targeted Capital Account Agreements, 704(b) Capital & Tax Capital account maintenance, and 704(c) allocations.
• Knowledge of optional basis adjustments under sections 734 & 743.
• Knowledge of section 752 liability allocations.

Pay

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

Individual salaries are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.

Benefits

BDO offers Total Rewards that encompass more than traditional benefits, including an Employee Stock Ownership Plan (ESOP). The ESOP is fully funded by BDO through investments in company stock, granting 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 required.