A US Tax Associate is a professional who specializes in US tax laws and regulations, primarily assisting individuals, partnerships, and businesses with their tax planning, preparation, and compliance.
Hiring Location - Nashik - Maharashtra
Responsibilities and duties
- Prepare and review tax returns for individuals, corporations, and other entities, ensuring accuracy and compliance with federal, state, and local tax regulations.
- Conduct tax research to resolve complex tax issues, interpret tax laws and regulations, and provide informed guidance to clients and supervisors.
- Assist in tax planning and advisory services, identifying potential deductions, credits, and tax-saving opportunities to minimize tax liabilities for clients.
- Maintain accurate and organized financial records, including client information, supporting documents, and tax-related filings.
- Communicate effectively with clients and team members, explaining complex tax concepts clearly, gathering necessary information, and addressing inquiries.
- Stay updated on changes in tax laws and regulations to ensure compliance and provide up-to-date advice.
Requirements and qualifications
- Education: Typically, a bachelor's degree in accounting, Finance, or a related field OR a master's degree in taxation or a related field.
- Experience: Often requires at least 1-2 years of experience in tax preparation or a related field.
- Proficiency in Tax Software: Experience with industry-standard tax preparation and filing software is essential. Examples include CCH Axcess, ProSystem fx Tax, Drake Tax, Lacerte, and UltraTax CS.
- Strong Analytical and Problem-Solving Skills: The ability to interpret financial data, identify issues, and develop effective solutions is crucial.
- Attention to Detail and Accuracy: Meticulousness in reviewing documents and calculations is critical to avoid errors and ensure compliance.
- Strong Communication and Interpersonal Skills: Being able to clearly explain complex tax concepts and build relationships with clients and colleagues is essential.
- Time Management and Organizational Skills: The ability to prioritize tasks, meet deadlines, and maintain organized records is vital, especially during busy periods like tax season.
- In-Depth Knowledge of Tax Laws: A comprehensive understanding of the US tax code, including federal, state, and local tax laws, is paramount.
Additional helpful skills and traits
- Technological Adaptability: Comfort with new tax technologies, data analytics, and digital tools for streamlined processes.
- Ethical Standards and Professional Integrity: Adherence to a strict code of ethics is crucial in handling sensitive financial information.
- Client Service Orientation: Building strong client relationships is a key aspect of the role, requiring empathy and dedication to client satisfaction.
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