Job grade level
Summary of Functions
Responsible for U.S. income tax preparation for individuals and companies (Form 1040, 1065, 1120, 1120S, 990 etc.). Identify potential tax credits and liabilities. Ensures accurate and complete returns are filed in a timely manner of Federal, multi-states and local income tax returns by adhering to US Tax Compliance and regulations.
Essential duties and responsibilities
Prepare and assist in preparing simple to complex tax returns for individuals and/or small businesses
Review various financial records like income statements, receipts of expenditures and previous tax returns to determine a strategy for preparing current returns. Interview clients to get a thorough picture of the financial situation
Prepare tax returns using electronic filing software (Pro system FX, Pro series, Lacerate, Go System, Drake, Ultra tax, Intuit online tax), Additionally QuickBooks expertise a must
Help taxpayers/client by using their federal, state and local codes and see to it that clients receive the maximum benefit permitted under the law of government. Uncover potential deductions and credits. Advise against potential tax liabilities. Ensure clients do not pay unnecessary taxes. Resolve customer queries
Verify totals on past forms for accuracy
Calculate and invoice for form preparation fees
Perform necessary bookkeeping to keep financial records up-to-date
Assist operations team in their daily workload
Key performance indicators (KPI)
These KPI will be essential in assessing the performance of execution of the duties and responsibilities mentioned above.
Average 3 hours per tax return for different complexities
Accuracy of work. Number of errors per form
Additional hours on operations work
Client & Employers Satisfaction
Reports to the Senior Tax Preparer for review of work and new assignments.
The organization is involved in the IT/ITeS/BPO Industry and has a headcount of 70+ with a vision to create and leverage, technologies and partnerships that make clients become sustainably more successful. We are a part of Saraff Global group of companies focused on Diamonds, Energy, Information Technology, Trading, Real Estate and Plastic Industries, striving to achieve Business Excellence with Social Significance by Leveraging Eco-Friendly Technologies and Human Capital. For more details please visit our website www.saraffglobal.com
Minimum 1 years of experience in preparing US tax returns
College Degree in any relevant fields, for example commerce or finance
US GAAP – Strong knowledge of US Generally Accepted Accounting Principles (GAAP) or
willing to study independently to acquire this knowledge
US Taxation - Strong knowledge of US Taxation rules for individuals and corporates.
Must know how to lookup relevant information online
Software Expertise – Expert knowledge of at least one tax preparation software. Must
be able to learn new similar software. Examples of software: Pro System FX, Pro Series,
Lacerte, Go System, Drake, Ultra Tax, Intuit Online Tax, Quickbooks, Xero
Detail oriented – Must be able to juggle large number of details simultaneously while
not losing track of their relationships to each other
Communication - Communicates clearly, fluently and in a compelling manner to create
understanding. Actively listens to people to understand and seek feedback
Ownership and Accountability for Results - Demonstrates ownership for goals. Drives
himself and others to achieve desired results. Reviews and monitors progress with
course correction to ensure success. Raises the bar after each achievement
Learnability - Proactively seeks opportunities to learn and relearn. Seeks new
challenging experiences without fear of failure. Quickly attains mastery even in
unrelated areas. Utilizes learning for improving performance
The ability to communicate orally with management, and other co-workers, both individually and in front of a group is crucial. Regular use of the telephone and e-mail for communication is essential.
Sitting for extended periods is common. Hearing, vision and speaking within normal ranges is essential for normal conversations, to receive ordinary information and to prepare or inspect documents.
The job is performed indoors in a modern open office setting.
Please apply via email firstname.lastname@example.org
INR 6.5 Lacs to 7.5 Lacs per annum, depends on the suitability and experience of the candidate (US 10,000 – 11,538)