Tax Advisor

Major Duties and Responsibilities

• Prepares and reviews individual, S Corporation, C Corporation, Partnership, LLC, non-profit, gift, trust, Canadian, FBAR, general excise/use, and personal property tax returns and annual reports for high-net-worth clients, especially professional athletes.
• Works with various departments at MAI, including Sports & Entertainment and Wealth Management for general tax planning, including quarterly estimates and year-end projections.
• Researches athletes' yearly schedules and prepares duty day calculations for the various states and cities in which they performed services; amends tax returns for new clients to take advantage of duty-day laws in various states.
• Allocates S Corporation prize money and merchandising income in accordance with the various state laws.
• Responds to various client notices received from the federal, state, and local governments.
• Works with federal, state, and local governments to ensure that clients receive their tax refunds in a timely manner.
• Plans and executes IRS audits as Power of Attorney, including preparing supporting documentation, tying out line items of the tax return, and working with IRS auditors to reach a mutual agreement on the clients’ behalf.
• Contact for GoSystem RS software support regarding issues with tax software.
• Updates GFR/Firmflow software on a regular basis to ensure that all Tax team members are informed of tax return statuses.
• Serves as bookkeeper/controller for various client entities, prepares journal entries for all financial activity, reviews general ledgers for accuracy, and prepares and reconciles financial statements.
• Serves as client’s trusted advisor by demonstrating knowledge of industry trends, identifying client issues and conflicts; proactively communicating solution options to client and team.
• Demonstrates proficient technical skills for handling all client responsibilities, including knowledge of trends, industries, alternatives, etc., research complex tax issues.
• Participates in practice development activities that lead to new business and opportunities for cross-serves.
• Sets up and terminates client entities with the IRS and the states’ Secretary of State and Department of Taxation offices.

Experience/Credentials

• Bachelor’s degree in Accounting or related field
• Certified Public Accountant (CPA) or CPA candidate
• A minimum of five years’ experience in tax, accounting or related field
• MBA or Master’s degree in Accounting, Taxation, or related field preferred

Competencies

• In-depth knowledge of current tax law, especially as it pertains to high-net-worth individuals and professional athletes.
• General understanding of Generally Accepted Accounting Principles (GAAP).
• Ability to convert cash-basis financial statements to accrual-basis.
• Ability to thrive in a fast-paced and dynamic team-based, collaborative environment.
• Experience working with external auditors on independent audits of financial statements.
• Excellent verbal and written communication skills and ability to communicate effectively with high-profile individuals and their respective advisors.
• Strong organizational and interpersonal skills with a demonstrated commitment to teamwork and partnerships; works effectively as both a team member and an individual contributor.
• Proficient in Microsoft Office (Outlook, Word, Excel, Adobe, PowerPoint) and specialty tax and accounting software, such as GoSystem Tax RS, SurePrep, Bloomberg Tax, GoFileRoom/FirmFlow, BNA Planner and CCH Axcess.
• Excellent time management, project management, and analytical skills with a focus on managing multiple projects, meeting deadlines and immediate needs, and resolving complex problems.
• Demonstrated critical-thinking, problem solving, and tax research skills.
• Maintains flexibility to appropriately prioritize and execute to meet client and firm needs and support peak volumes and aggressive deadlines.
• Maintains absolute confidentiality of all client information and safeguards client and firm data; maintains high ethical standard in all practices.
• Professional and positive demeanor, superb work ethic, high level of personal ethics and integrity.

Featured Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• 401(k)
• Health Savings Account
• Paid Maternity Leave
• Paid Parental Leave
• Tuition Reimbursement