OUR SERVICES: ACCOUNTING

Tax Accountant

What does a Tax Accountant do?

A Tax Accountant prepares and files tax returns for individuals, businesses, and organizations. Their duties include analyzing financial records, identifying tax-saving opportunities, and ensuring compliance with tax laws and regulations. Tax Accountants stay updated on changes in tax codes, deductions, and credits to maximize tax benefits for clients while minimizing liabilities. They may provide tax planning advice, represent clients during tax audits, and assist with resolving tax-related issues. Additionally, Tax Accountants may offer strategic tax planning services to help clients minimize tax liabilities and achieve their financial goals while maintaining compliance with tax laws.

    Tier 1

    .

    		 1 to 2
    years of
    experience

    Tier 2

    .

    		 3 to 5
    years of
    experience

    Tier 3

    .

    		 > 5
    years of
    experience

    ABOUT THE ROLE

    Roles and Responsibilities

    • Analyzing financial records to prepare and file accurate tax returns for individuals, businesses, or organizations.
    • Identifying tax-saving opportunities and maximizing tax benefits while ensuring compliance with tax laws.
    • Providing tax planning advice and strategies to minimize tax liabilities.
    • Representing clients during tax audits and resolving tax-related issues.
    • Staying updated on changes in tax codes, deductions, and credits.
    • Offering strategic tax planning services to help clients achieve financial goals.

    Day-to-Day Duties

    • Analyzing financial data for tax implications.
    • Preparing and filing tax returns.
    • Providing tax planning advice to clients.
    • Communicating with clients regarding tax matters.
    • Staying updated on tax laws and regulations.

    SKILLS AND TOOLS

    Soft Skills

    • Attention to detail
    • Analytical thinking
    • Problem-solving abilities
    • Communication skills
    • Integrity
    • Time management
    • Adaptability
    • Client relationship management

    Hard Skills

    • Tax law knowledge
    • Financial analysis
    • Tax preparation software proficiency
    • Accounting principles
    • Data analysis
    • Regulatory compliance expertise

    Tools

    Intuit’s ProConnect Tax Online, Thomson Reuters’ UltraTax CS 70%
    Microsoft Excel 90%
    Thomson Reuters Checkpoint, Bloomberg Tax & Accounting, or the IRS 80%

    Education

    Common Educational Backgrounds and Careers for this Role:

    • Accounting Degree
    • Taxation Courses
    • Business Administration
    • Finance Degree
    • Certified Public Accountant (CPA)
    • Master’s in Taxation
    • Bachelor’s in Accounting
    • Tax Law Studies
    • Continuing Education
    • Internships with Tax Firms

    CANDIDATES TESTS

    Tests & Evaluations for Candidates

    QuickBooks

    QuickBooks Online (UK and US version) test to hire

    8/10

    Bookkeepers, accountants, financial clerks, financial managers, business and clerical administrators.

    GAAP

    Use the Financial accounting (US GAAP) test to hire

    8/10

    Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.

    IFRS

    Use the Financial accounting (IFRS) test to hire

    8/10

    Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.