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Tax Manager, Core Tax Services - ASC 740 Job in Cleveland, Ohio US

Tax Manager, Core Tax Services - ASC 740

BDO USA, LLP - Cleveland, OH

Posted: 2/5/2024 - Expires: 5/5/2024

Job ID: 269449551

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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 or Taxation, 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
Supervisory experience, required
Multinational client experience, preferred

License/Certifications:


CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent ("EA") (or the equivalent of one of these designations), required

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

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
Ability to work well in a team environment
Able to develop and manage a team of tax professionals
Ability to compose written tax advice
Ability to effectively develop and maintain 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

All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, national origin, disability, protected veteran status, or any other classification protected by law.

Job Summary

Employment Type:
Full Time Employee
Job type:
Federal Contractor
Skill Based Partner:
No
Education Level:
Bachelor's degree
Work Days:
Mon, Tue, Wed, Thu, Fri
Job Reference Code
78157458
Salary
N/A
Licenses / Certifications:
N/A
Display Recommended WorkKeys®Recommended WorkKeys®:
Applied Math: 5
Graphic Literacy: 6

Workplace Documentation: 6