Tax Manager, Core Tax Services - Corporate/ASC 740 Focus

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About the role

The Tax Manager, Core Tax Services advises clients on the tax implications of their business objectives, evaluates and selects alternative actions to lessen tax burden and cost of compliance, and identifies different methods of complying with tax regulations. As the primary client contact for complex tax issues, the Manager applies knowledge to understand potential tax issues, recognize and communicate risks, and identify changes in tax policy. The role also involves marketing, networking, business development within an area of expertise, and providing written tax advice to clients.

Responsibilities

• Ensures clients comply with all applicable tax authorities while minimizing their tax and reporting burdens, and ensures compliance with Firm policies, standards, and the BDO Tax Quality Manual (TQM).
• Conducts top-level review of tax returns (T/R) and resolves all tax issues with clients; involves specialists where appropriate.
• Communicates with clients and Assurance teams regarding issues identified in tax accrual reviews.
• Plans and reviews the tax process, including:
  • Budgeting and staffing.
  • Monitoring engagement progress and actual time incurred vs. budget with assistance from Seniors.
  • Timely billing, including management of out-of-scope activity and communication to clients.
  • Timely collection of accounts receivable (A/R).
• Manages client relationships and expectations in accordance with project requirements.
• Provides timely tax advice to clients.
• Identifies when research is needed, frames issues clearly, and reports analysis concisely.
• Applies Firm and professional standards for preparation of Written Tax Advice (WTA) and tax returns; involves firm specialists as appropriate.
• Applies ASC 740 (FAS 109 and FIN 48) and Firm policies, standards, and TQM regarding tax accruals proactively and correctly.
• Explains components of the income tax provision and uncertain tax positions to clients, including complexities surrounding ASC 740.
• Communicates with Assurance counterparts to plan tax accrual reviews, including budget, scope, and delivery dates.
• Utilizes and manages Specialized Tax Services (STS) as needed.
• Develops, recommends, and implements efficient methods to maximize client benefits, especially by decreasing clients’ current and future taxes.
• Considers the applicability of Core Tax Services (CTS) and STS consulting specialties for each client.
• Develops and implements work plans to organize STS assistance on ongoing projects.
• Serves as a technical resource and ensures client service teams comply with Firm policy regarding Written Tax Advice (WTA).
• Provides effective assistance with exam support and frames projects/issues for delegation to seniors and associates.
• Develops an in-depth understanding of technical and practical issues in one or more tax specialties (e.g., individual, corporate, property, sales, pass-through, state and local, international, expatriate, transfer pricing, credits and incentives, compensation and benefits, accounting methods, R&D tax benefits).
• May organize and conduct internal Continuing Professional Education (CPE) training sessions in area of specialization, involving Firm specialists.
• Introduces and develops new or improved ideas to benefit clients, the Firm, or Firm personnel (e.g., reducing taxes or expenses, providing non-tax benefits).
• Reviews studies of tax implications and offers clients alternative courses of action.
• Identifies and leverages lessons learned from prior projects and suggests process improvements.
• Performs other duties as required.

Supervisory Responsibilities

• Supervises associates and senior associates on all projects.
• Reviews work prepared by associates and senior associates and provides review comments.
• Trains associates and seniors on current software tools.
• Acts as a Career Advisor to associates and senior associates.
• Schedules and manages workloads of associates and senior associates.
• Provides verbal and written performance feedback to associates and senior associates.

Requirements

• Bachelor’s degree required; major in Accounting, Finance, Economics, or Statistics preferred.
• Master’s in Accountancy or Taxation preferred.
• Five (5) or more years of prior relevant tax experience and/or public accounting, private industry accounting, or consulting/professional services experience.
• Prior supervisory experience required.
• Industry expertise in one or more tax specialties preferred.

Qualifications

• CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent (EA) (or equivalent) required.
• Possession of other professional degrees or certifications applicable to the role preferred.
• Proficient with the Microsoft Office Suite preferred.
• Experience with tax research databases and tax compliance process software preferred.

Skills

• Superior verbal and written communication skills.
• Ability to effectively delegate work.
• Strong analytical, research, and critical thinking skills, as well as decision-making abilities.
• Capacity to work well in a team environment.
• Ability to develop and manage a team of tax professionals.
• Ability to compose written tax advice.
• 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.

Pay

Individual salaries are determined based on qualifications, experience, skills, and geography. The following ranges apply:

• California: $112,000 - $150,000
• Colorado: $104,500 - $115,500
• Illinois: $105,000 - $130,000
• Maryland: $113,000 - $120,000
• Massachusetts: $120,000 - $127,000
• Minnesota: $90,000 - $120,000
• New Jersey: $115,000 - $140,000
• Ohio: $105,000 - $150,000
• NYC/Long Island/Westchester: $125,000 - $150,000
• Washington: $107,400 - $126,900
• Washington DC: $120,000 - $140,000

Benefits

• BDO is an ESOP (Employee Stock Ownership Plan) company, offering participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance financial well-being.
• The ESOP is part of a comprehensive compensation and Total Rewards benefits package, which may be subject to eligibility requirements.
• Learn more about BDO’s Total Rewards here.