An exciting opportunity has arisen for a Tax Accountant, working at a Top 20 International Law Firm based in Sheffield. The role offers the opportunity to progress in a supportive and collaborative environment!
About the Team
The Central Tax Team are responsible for providing strategic tax advice, implementing tax policies, managing tax risk and ensuring / monitoring adherence to tax compliance obligations Internationally.
As the Tax Accountant your remit will include:
•Obtain and perform an initial review (where required) of tax computations, tax returns and tax payments for European entities (except UK, Belgium, France, Germany and Ireland);
•Maintain and manage comprehensive international tax compliance records (including follow up / escalation as required);
•Assist with year-end procedures;
•Assist with International tax projects;
•Assist with budgeting throughout the year;
•Assist with ad hoc work as and when required;
•Develop relationships with key personnel; and
•Provide cover and support when Tax Managers and Senior Managers are unavailable.
About you - what they are looking for:
•Experience of working in tax and be able to apply that existing knowledge and experience to new situations / scenarios;
•Excellent communication skills, both written and verbal, coupled with the ability to influence, negotiate and persuade;
•Flexible and collaborative personal working style;
•Working towards an appropriate professional qualification.
Specific duties:
Compliance:
•Perform initial review (where required) of overseas tax returns and tax payments in advance of submission, identifying and querying material changes from previous returns;
•Ensure there are English translations / templates of tax returns on file or that an English tax computation is provided with annual tax returns in order to perform reviews;
•Ensure payments, refunds and accruals have been posted to the correct nominal ledger codes to aid in accurate year-end consol pack and CbC reporting;
•Assist in the review of CbC reporting data;
•Annual review of tax and statutory compliance deadlines in co-ordination with other Senior Tax Assistant(s) to ensure compliance calendar is accurate.
•Monitor and report overseas travel to destinations with high permanent establishment (‘PE’) risk to support management of the firm’s PE risk;
Year End:
•Provide assistance with the preparation of tax computation for the firm
•Assist with preparation of profit sourcing calculations for profit sources included in Europe LLP and direct allocations from European entities;
•Review tax schedules in consolidation packs prepared by overseas finance managers and assist with preparation of tax consolidation schedule;
•Calculation of interest on tax reserves for European members;
Budgeting:
•Review expected tax charges obtained by finance managers;
•Prepare budget spreadsheet in addition to expected cash flows during the year;
•Review budgeted tax cashflows for management accounts and prepare variance analysis for review on a monthly basis; and
•Calculate applicable tax reserving rates for each financial year for applicable entities.
Equal Opportunities
As a responsible business, it is important that we represent the diversity of our people, our clients and our communities. We believe that the firms that thrive are those with the most diverse team; that's why we work so hard to source the best talent from the broadest pool possible. As an equal opportunities employer we strive to accommodate anyone who may have specific needs. If you require reasonable adjustments to be made during the selection process, please talk to a member of the recruitment team so that any required adjustments can be made in advance.