AU Tax Accountant

AU Tax Accountant

Purpose

As a Tax Accountant, you will work as part of a high-performing team to reconcile and prepare financial statements and tax returns for individuals, partnerships, trusts and companies.

You will have at least three years of experience working with an Australian tax firm and have previously worked on businesses with a turnover of between AU$3-50m.

Responsibilities

• Communicate proactively with managers about the priority and progress of jobs allocated to you

• Take ownership of tasks and jobs delegated to you, following relevant checklists and procedures to ensure adherence to established quality standards

• Prepare Business Activity Statements

• Reconcile and complete tax returns for individuals, trusts, companies and partnerships

• Communicate with clients to request information or clarification

• Respond to client requests promptly, proactively managing expectations if a request may take longer to fulfil than expected

• Extract data, adjust ledger files and prepare tax working papers

• Work competently in systems including Xero, Xero Practice Manager, Microsoft Suite, NowInfinity and Ignition

Key Technical Skills & Experience

As part of the screening process, you will be asked to demonstrate your experience or understanding of the following:

• Technical ability and experience using Xero, Xero Practice Manager, Excel, Microsoft Outlook, Microsoft Teams, NowInfinity and Ignition

• Preparing Business Activity Statements, with an understanding of GST-free transactions

• Completing Australian tax returns for individuals, trusts, companies and partnerships

• Completing a tax reconciliation workpaper explaining the difference between accounting profit/loss and taxable profit/loss

• Completing asset depreciation schedules

• Reconciling GST in financial statements

• Completing a franking account in a company tax return

• Understanding and completing a Division 7A loan reconciliation workpaper

• Reconciling and processing the following provisions in financial statements:

  • Employee leave provisions

  • Income tax provisions for companies

  • Superannuation liability for employees

• Calculating FBT reimbursements for motor vehicles

• Completing hire purchase loan schedules

• Strong understanding of deductible superannuation contribution eligibility, including:

  • Concessional and non-concessional caps

  • Prior unused superannuation caps

• Calculating capital gains on the sale of property for individuals

• Calculating capital gains on the sale of listed shares for individuals

Qualifications

• 3+ years of professional accounting experience

• Bachelor’s degree in Accounting, Commerce, Finance or equivalent experience

• Enrolled in, or looking to enrol in, CA or CPA

Measures of Success / KPIs

• Communicates effectively and proactively with other team members

• Completes transactions and tasks daily, or by the allocated deadline

• Demonstrates close attention to detail by submitting work with minimal errors

• Prepares and completes allocated tax returns to a high standard

• Prepares and completes allocated tax returns by the prescribed deadline

• Prepares and completes BAS to a high standard

• Prepares and completes BAS by the prescribed deadline