A Tax and Audit Assistant typically works in accounting firms, tax preparation companies, or in-house finance departments of large corporations. This role is crucial in supporting both the tax and audit functions, ensuring financial accuracy and compliance with relevant laws and regulations.
Here's a comprehensive job description for a Tax and Audit Assistant:
Job Title: Tax and Audit Assistant
Job Summary: The Tax and Audit Assistant plays a vital role in supporting the tax and audit teams by assisting with data collection, financial analysis, report preparation, and ensuring compliance with tax laws and accounting standards. This position requires strong analytical skills, attention to detail, and the ability to handle confidential financial information.
Key Responsibilities:
Tax Responsibilities:
- Data Collection & Organization: Gather and organize financial documents, including income statements, expense records, receipts, and other relevant data for tax preparation.
- Tax Return Preparation: Assist in the preparation of various tax forms for individuals, corporations, and partnerships, under the guidance of tax professionals. Filing of TDS and GST Return .
- Tax Calculation: Help calculate taxable income, deductions, and credits to ensure accurate tax filings.
- Research: Conduct research on tax laws, regulations, and recent changes to ensure compliance and identify potential tax savings opportunities.
- Client Communication: Communicate with clients to gather necessary information and answer basic tax-related questions.
- Record Keeping: Organize and manage all tax reports, statements, and documents, maintaining strict client confidentiality.
- Administrative Support: Provide administrative assistance to the tax department, including scheduling and organizing tax-related assignments.
Audit Responsibilities:
- Financial Analysis: Assist auditors with financial analysis, data analysis, and preparation of audit working papers.
- Document Review: Audit financial documents and statements, such as invoices, bank statements, and receipts, to ensure accuracy and completeness.
- Data Gathering: Locate and analyze financial data to support audit findings.
- Account Verification: Audit accounts to ensure accuracy and identify any discrepancies.
- Corrections: Make corrections to documents and financial statements as directed by senior auditors.
- Report Preparation: Assist in drafting audit findings and recommendations for audit reports and statements.
- Compliance: Ensure compliance with company audit standards, generally accepted accounting principles (GAAP), and International Financial Reporting Standards (IFRS) where applicable.
- Internal Controls: Support the evaluation of internal control systems.
- Client Coordination: Coordinate with auditees to gather information and schedule audit activities.
General Responsibilities:
- Software Proficiency: Utilize accounting and tax preparation software (e.g., TALLY, QuickBooks, specific tax software) and spreadsheet programs (e.g., MS Excel) efficiently.
- Problem-Solving: Identify and help resolve any financial discrepancies or issues.
- Confidentiality: Maintain strict confidentiality and data security of all client and company financial information.
- Continuous Learning: Stay updated on the latest tax laws, accounting principles, and audit procedures.
- Team Collaboration: Work effectively as part of a team, collaborating with colleagues and clients.
Job Types: Full-time, Permanent
Pay: ₹20,000.00 - ₹25,000.00 per month
Benefits:
- Health insurance
Work Location: In person