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Tax Manager, Core Tax Services-ASC 740

Tax Manager, Core Tax Services-ASC 740

BDO USAFalls Church, VA, US
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Core Tax Services Manager ASC740

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 (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, 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
  • 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 Illinois Range : $105,000 - $130,000 Maryland Range : $113,000 - $120,000 Massachusetts Range : $120,000 - $127,000 Minnesota Range : $90,000 - $120,000 New Jersey Range : $115,000 - $140,000 NYC / Long Island / Westchester Range : $125,000 - $160,000 Washington Range : $86,000 - $115

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