Tax Accountant

Tax Accountant

The Tax Accountant is responsible for supporting the Company's tax compliance, tax reporting, and tax planning activities. This role will lead the quarterly and annual deferred tax reporting process, coordinate with external tax advisors on federal and state income tax matters, monitor state tax nexus requirements, and ensure compliance with sales and use tax obligations across multiple operating entities. The position works closely with Finance, Accounting, and external tax professionals to minimize tax risk and maintain compliance with all applicable tax regulations.

Key Responsibilities:

• Prepare quarterly and annual income tax provisions in accordance with ASC 740.
• Prepare quarterly 1042 forms and coordinate payments.
• Calculate and maintain deferred tax assets and liabilities, including supporting schedules and documentation.
• Analyze temporary and permanent differences between book and tax reporting.
• Prepare tax-related journal entries and account reconciliations.
• Support financial statement disclosures related to income taxes.
• Assist with tax audits and inquiries related to tax provision calculations.

• Coordinate with external tax advisors to facilitate the preparation of federal and state income tax returns.
• Gather, validate, and provide financial and operational data required for tax return preparation.
• Research and respond to questions from external tax advisors promptly and accurately.
• Review completed tax returns and related calculations for accuracy prior to filing.
• Assist in federal and state estimated tax payment calculations and compliance activities.

• Monitor business activities to determine whether operations have established tax nexus in new states.
• Evaluate state tax filing, registration, and reporting requirements.
• Initiate and manage state tax registrations when nexus thresholds are met.
• Maintain compliance with state income, franchise, gross receipts, and other applicable tax obligations.
• Monitor changes in state tax laws and assess impacts on the organization.

• Perform periodic reviews of sales and use tax compliance for all operating entities.
• Review transactions for proper sales and use tax treatment and identify potential exposures.
• Work with internal departments to address compliance issues and improve processes.
• Support sales and use tax audits and inquiries from tax authorities.
• Coordinate with external advisors regarding sales and use tax matters as needed.

• Review and analyze production allowance calculations and percentages for applicable entities and jurisdictions.
• Ensure supporting documentation is maintained and calculations comply with applicable regulations.
• Identify opportunities to maximize available tax benefits while maintaining compliance.

• Assist with tax planning initiatives and special projects.
• Research tax laws, regulations, and emerging tax issues.
• Develop and maintain tax compliance procedures and documentation.
• Support process improvements and automation initiatives within the tax function.

Education & Experience:

• Bachelor's degree in Accounting, Finance, or related field required.
• CPA license preferred.
• 3-7 years of corporate tax, public accounting, or related tax experience.
• Experience with ASC 740 tax provision preparation and deferred tax accounting.
• Experience working with external tax advisors and managing tax compliance processes.
• Knowledge of federal, state, and local tax regulations.
• Experience with sales and use tax compliance preferred.

Competencies:

• Accurate and timely completion of quarterly and annual tax provision reporting.
• Compliance with all federal, state, and local tax filing requirements.
• Effective management of state tax nexus registrations and compliance.
• Accuracy of sales and use tax reviews.
• Successful coordination with external tax advisors and auditors.
• Identification and mitigation of tax risks and opportunities.

Travel Required: Travel expected: 30%

Supervisory Responsibility: None: No current supervisory responsibilities but must effectively influence and collaborate with on-site managers to achieve training objectives.

Work Environment: This job is performed in an office. Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Prolonged periods sitting at a desk and working on a computer. Must be able to lift up to 15 pounds at a time.

Position Type/Expected Hours of Work: This is a full-time position. Hours of work are general Monday through Friday, 8 hours per day. 40 hours per week. Some additional hours are expected.

AAP/EEO Statement: SIMONA AMERICA Group is an Equal Opportunity Employer