Tax Manager, ASC 740
Company: BDO Seidman LLP
Location: Boston
Posted on: May 28, 2023
Job Description:
Job Summary:
The Core Tax Services ("CTS") Manager - ASC740 is responsible for
advising clients on the tax implications of their business
objectives, evaluating and selecting alternative actions to lessen
tax burden and cost of compliance, identifying different methods of
complying with tax regulations while acting as the primary client
contact for complex corporate tax and ASC 740 tax issues. In this
role, the Core Tax Services Manager is charged with applying
knowledge to understand potential tax issues, and recognizing and
communicating potential risks and potential changes in the tax
policy
Job Duties:
- Tax Compliance
- Ensures both that (a) clients comply with all applicable
authorities, while at the same time 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 T/R and resolves all tax issues
with client; involves specialists where appropriate
- Communicates with issues identified in tax accrual review with
Assurance clients
- Plans and reviews the tax process and the procedures to be
performed to include:
- 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 client
- Timely collection of A/R
- Manages client relationships/expectations in accordance with
the project
- Provides advice to clients in a timely manner
- Research
- Identifies when research is needed; clearly and concisely
frames issues to be researched; and clearly and concisely reports
the analysis
- Identifies complex issues to be researched by engagement team
and provides research methodology for efficient research
processes
- Trains managers/staff on research skills and helps to
appropriately frame ASC 740 tax issues for analysis
- Involves firm specialists, as appropriate
- ASC 740-10 (fka FAS 109 and FIN 48) Tax Accruals
- Correctly and proactively applies Firm policies, standards, and
the BDO Tax Quality Manual (TQM) regarding ASC 740
- Applies, correctly and proactively, ASC 740-10, and Firm
policies, standards, and BDO TQM
- Clearly and concisely explains and discusses components of the
income tax provision and uncertain tax positions to the client as
well as other complexities surrounding ASC 740-10
- Communicates with Assurance team to timely plan tax accrual
reviews, including budget, scope and delivery dates
- Reviews tax provisions- applies in depth knowledge of ASC
740
- Reviews prepared workpapers
- Utilizes and manages Specialized Tax Services ("STS"), as
needed
- Tax Consulting
- Assists with developing, recommending, and implementing
efficient and effective methods to maximize client benefits,
especially by decreasing clients' current and future taxes
- Considers the applicability of CTS and STS consulting
specialties for each client
- Develops and implements a work plan to include/organize the STS
assistance on ongoing projects from client
- Serves as a technical resource
- Ensures client service teams comply with Firm policy; regarding
Written Tax Advice ("WTA"),
- Provides effective assistance with exam support
- Frames projects and issues for effective delegation to seniors
and associates
- Tax Specialization
- Develops an in-depth understanding of the technical and
practical issues and opportunities regarding one or more areas of
taxation, e.g., individual, corporate, property, sales, corporate,
pass-through, state and local, international, expatriate, transfer
pricing, credits and incentives, compensation and benefits,
accounting methods, R&D tax benefits
- May be required to organize and conduct effective internal CPE
training sessions in area of specialization, involving Firm
specialists
- May train and mentor managers/ seniors/associates on ASC
740
- Strategy Development
- 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
- Consistently makes suggestions as to how previous work products
or approaches can be improved
- May lead marketing campaigns, if applicable to role
- Presents complex strategies to clients and prospective
clients
- Collaborates with the Firm's National Tax and Specialized Tax
Services to deliver high-quality deliverables and/or analyses on
ASC 740
- Other duties as required
Supervisory Responsibilities:
- Supervises Associates and Senior Associates on all
projects
- Reviews work prepared by Associates and Senior Associates and
provide review comments
- Trains Associates and Seniors how to use all current software
tools
- Acts as a Career Advisor to Associates and Senior
Associates
- 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:
Education:
- Bachelors degree in Accounting, required
- Masters degree in Accounting or Taxation, preferred
Experience:
- Five (5) or more years of prior experience, required
- Experience in managing the process of preparing and auditing
ASC740 computations for both privately held and publicly traded
clients, required
- Multinational client experience, preferred
- Supervisory experience, required
License/Certifications:
- CPA certification, preferred
- Possession of other professional degrees or certifications
applicable to role, preferred
Software:
- Experience with Microsoft Office Tools (Excel, PowerPoint,
Word, and Outlook), and Adobe Acrobat, required
- Experience with tax research databases such as BNA and RIA
Proficient in all tax compliance process software including
GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software, or
comparable programs and standard tax workpapers, preferred
Language:
- N/A
Other Knowledge, Skills & Abilities:
- Superior verbal and written communication skills
- Ability to effectively delegate work as needed
- Strong analytical, research and critical thinking skills as
well as decision-making skills
- Capacity to work well in a team environment
- Capable of developing and managing 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 to
clients
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.
California Range: $102,300 - $150,000
Colorado Range: $115,000 - $135,000
New York City/ Valhalla Range: $110,000 - $150,000
Washington Range: $86,000 - $115,000
About Us
BDO delivers assurance, tax, digital technology solutions and
financial advisory services to clients throughout the country and
around the globe. We offer numerous industry-specific practices,
world-class resources, and an unparalleled commitment to meeting
our clients' needs. We currently serve more than 400 publicly
traded domestic and international clients.
- Unparalleled partner-involvement
- Deep industry knowledge and participation
- Geographic coverage across the U.S.
- Cohesive global network
- Focused capabilities across disciplines
BDO brings world-class resources and exceptional service to each
and every one of our clients. BDO USA is a member of BDO
International, the world's fifth largest accounting network.
BDO offers a competitive Total Rewards package that encompass so
much more than - "traditional benefits". Our wide range of rewards
and our employees' ability to customize rewards to their individual
needs are two of the reasons why BDO has been honored with so many
workplace awards, including 100 Best Companies for Working Parents,
Working Mother 100 Best Companies, Top Entry Level Employer, 2022
National Best & Brightest Companies to Work For and more.
Some examples of our Total Rewards offerings include:
- Competitive pay and eligibility for an annual performance
bonus.
- A 401k plan plus an employer match
- Comprehensive, medical, dental, vision, FSA, and prescription
insurance from day one
- Competitive Paid Time Off with daily accrual from day one of
employment, plus paid holidays
- Paid Parental Leave
- Adoption Assistance
- Firm paid life insurance
- Wellness programs
- Additional offerings include BDO Flex, Group Legal insurance,
Pet insurance and Long-Term Care Insurance
Above offerings may be subject to eligibility requirements.
Click here to find out more!
Keywords: BDO Seidman LLP, Boston , Tax Manager, ASC 740, Executive , Boston, Massachusetts
Didn't find what you're looking for? Search again!
Loading more jobs...
