About This Role
This Tax Accountant role supports the company's tax compliance, reporting, and planning activities. The position leads quarterly and annual deferred tax reporting, coordinates with external advisors on federal and state income tax, monitors state tax nexus requirements, and ensures sales and use tax compliance across multiple entities. It suits a professional who can work closely with Finance, Accounting, and external tax professionals to minimize tax risk.
Responsibilities
- Prepare quarterly and annual income tax provisions in accordance with ASC 740
- Prepare quarterly 1042 forms and coordinate payments
- Calculate and maintain deferred tax assets and liabilities, including supporting schedules and documentation
- Analyze temporary and permanent differences between book and tax reporting
- Prepare tax-related journal entries and account reconciliations
- Support financial statement disclosures related to income taxes
- Assist with tax audits and inquiries related to tax provision calculations
- Coordinate with external tax advisors to facilitate the preparation of federal and state income tax returns
- Gather, validate, and provide financial and operational data required for tax return preparation
- Research and respond to questions from external tax advisors promptly and accurately
- Review completed tax returns and related calculations for accuracy prior to filing
- Assist in federal and state estimated tax payment calculations and compliance activities
- Monitor business activities to determine whether operations have established tax nexus in new states
- Evaluate state tax filing, registration, and reporting requirements
- Initiate and manage state tax registrations when nexus thresholds are met
- Maintain compliance with state income, franchise, gross receipts, and other applicable tax obligations
- Monitor changes in state tax laws and assess impacts on the organization
- Perform periodic reviews of sales and use tax compliance for all operating entities
- Review transactions for proper sales and use tax treatment and identify potential exposures
- Work with internal departments to address compliance issues and improve processes
- Support sales and use tax audits and inquiries from tax authorities
- Coordinate with external advisors regarding sales and use tax matters as needed
- Review and analyze production allowance calculations and percentages for applicable entities and jurisdictions
- Ensure supporting documentation is maintained and calculations comply with applicable regulations
- Identify opportunities to maximize available tax benefits while maintaining compliance
