Tax Associate

SALT AssociateThe SALT Associate will be responsible for basic research and analysis of state and local tax (SALT) issues, along with utilization of tax software in the completion of basic tax returns and other tax filings and documents. In this role, the Tax Associate, State and Local Taxation will have the opportunity to utilize their educational background while working side-by-side with more experienced Tax members who will provide direction and coaching related a range of state and local tax laws and resources.Job DutiesResearch Identifies simple situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conductedAnalyzes researched facts and the sources utilized prior to composing a detailed report of the research findingsPrepares WTA and tax returns as appropriateTax Compliance Participates in the preparation, filing and completion of voluntary disclosure agreements for sales and use tax; income tax and unclaimed propertyDrafts tax memorandums, tax opinions and other documentation on various tax issuesAssists in the drafting of responses to notices from state taxing authoritiesPrepares modeling for tax and unclaimed property exposure analysisParticipates in the audit defense of client returns and tax positionsEnsures all data needed to comply with filing requirements is obtained and identifies missing items to need for preparation of assigned tax returnsMonitors current tax law changes and applies appropriately to the preparation of assigned tax returnsManages collection and retention of all appropriate workpapers for assigned clientsTax Consulting Develops, recommends and implements standard tax methods to provide clients with maximum tax benefits related to current and future tax obligationsUtilizes online research tools, prior tax returns, interviews with client personnel and other resources to gather pertinent tax information related to assigned clientsContinues building tax knowledge by monitoring relevant tax laws and educating oneself on firm tax strategies and Tax Planning Ideas (TPIs)Tax Related Software Utilizes Caseware, GoSystems, tax research databases and other tax-related software in the completion of assigned tasksTax Specialization Develops an in-depth understanding of the technical and practical issues and opportunities regarding SALT tax benefitsASC740-10 Understands and applies industry standards, along with firm policies and BDO Tax Quality Manual requirements as they relate to FAS 109 and FIN48, as well as FAS5 for sales tax and unclaimed propertiesStrategy Development Assists in the preparation of studies of tax implications to identify alternative courses of actions to benefits clientsDevelops an understanding of the impact of a client's business objectives as it relates to the client's tax situationOther duties as requiredSupervisory ResponsibilitiesN/AQualifications, Knowledge, Skills and AbilitiesEducation:Bachelors degree required; focus in Accounting, preferredMasters degree in Accounting/Taxation or J.D., preferredExperience:Prior internship or other work experience within an accounting setting or public accounting, preferredLicense/Certifications:Eligible to sit for the CPA exams; progress towards admission to practice in a U.S. jurisdiction; progress towards Internal Revenue Service Enrolled Agent ("EA") (or progress towards the equivalent of one of these designations) upon starting employment, preferredSoftware:Proficient in the use of Microsoft Office Suite, specifically Word, Excel and PowerPoint, requiredLanguage:N/AOther Knowledge, Skills & Abilities:Excellent verbal and written communication skillsStrong analytical and basic research skillsSolid organizational skills especially ability to meet project deadlines with a focus on detailsAbility to successfully multi-task while working independently or within a group environmentProven ability to work in a deadline-driven environment and handle multiple projects simultaneouslyAbility to prepare simple tax returnsBasic knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax servicesBasic knowledge of sources of relevant information utilized in tax filings as well as the most widely-used filing forms and awareness of other less widely used formsBasic knowledge and understanding of cause / effect for taxable conditions on clients and the potential tax issuesBasic knowledge of accounting theory, filing methodologies, and frequencies for sales tax returnsIndividual 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: $85,000 - $120,000 Colorado Range: $78,000 - $120,000 Illinois Range: $80,000 - $100,000 Maryland Range: $85,000 - $100,000 Massachusetts Range: $85,000 - $120,000 Minnesota Range: $72,000 - $100,000 New Jersey Range: $80,000 - $100,000 NYC/Long Island/Westchester Range: $85,000 - $120,000 Ohio Range: $71,000 - $75,000 Virginia Range: $83,000 - $87,000 Washington Range: $78,000 - $120,000 Washington DC Range: $85,000 - $100,000