Tax Specialist - Marriottsville, United States - MAI Wealth Management, Inc.

Description

Job Description

Job Description


GENERAL JOB DESCRIPTION

The Tax Specialist in the Tax Department is responsible for supporting all tax services provided to clients and contributing as a key member of the Tax team.

Under the direction of a Senior Tax Advisor & Team Leader, the Tax Specialist helps to prepare individual, S Corporation, C Corporation, Partnership, LLC, non-profit, gift, trust, Canadian, FBAR, general excise/use, and personal property tax returns, as well as, annual reports for a wide variety of high-net-worth clients.

MAJOR DUTIES AND RESPONSIBILITIES

Assists with the preparation of individual, S Corporation, C Corporation, Partnership, LLC, non-profit, gift, trust, Canadian, FBAR, general excise/use, and personal property tax returns and annual reports for high-net-worth clients.

Works with various departments at MAI, including Sports & Entertainment and Wealth Management for general tax planning, including quarterly estimates and year-end projections.

Ensures all internal controls and procedures are followed for accuracy.
Assists team with overall client tax needs according to commitments and standards set forth by the Tax department.
Provide tax support to clients and responds to various client notices received from the federal, state, and local governments.
Works with federal, state, and local governments to ensure that clients receive their tax refunds in a timely manner.

Assists with planning and executing IRS audits as Power of Attorney, including preparing supporting documentation, tying out line items of the tax return, and working with IRS auditors to reach a mutual agreement on the clients' behalf.

Contact for GoSystem RS software support regarding issues with our tax software; assists other team members with computer issues, especially those relating to our tax software.

Updates

GoFileRoom/FirmFlow

software on a regular basis to ensure that all Tax team members are informed of tax return statuses.
Serves as

bookkeeper/controller

for various client entities, prepares journal entries for all financial activity, reviews general ledgers for accuracy, and prepares and reconciles financial statements.

Assists with the organization, planning, and execution of independent audits of non-profit foundations; works with external auditors as the audits progress; prepares supporting documentation and financials, and ensures financial statements are in accordance with GAAP.

Works with Tax Advisors to prepare financial statements and tax returns for partnerships with various LLC's and entities under its ownership, including tracking basis and yearly activity of each entity, working with external advisors to ensure all activity has been accounted for and to determine if any new activities were implemented, and keeping each entity current with its respective state filing requirements.

Participates in practice development activities that lead to new business and opportunities for cross-serves.
Assists other team members with computer issues, especially those relating to our tax software; researches complex tax issues.

Sets up and terminates client entities with the IRS and the states' Secretary of State and Department of Taxation offices.

EXPERIENCE/CREDENTIALS
Bachelor's degree in Accounting or related field
Certified Public Accountant or CPA candidate
Two to three years' experience in accounting, professional services, or related field


COMPETENCIES
Knowledge of current tax law, especially as it pertains to high-net-worth individuals and professional athletes.
General understanding of Generally Accepted Accounting Principles (GAAP).
Ability to thrive in a fast-paced and dynamic team-based, collaborative environment.

Excellent verbal and written communication skills and ability to communicate effectively with both internal team members and clients and their advisors.

Strong organizational and interpersonal skills with a demonstrated commitment to teamwork and partnerships; works effectively as both a team member and an individual contributor.

Proficient in Microsoft Office (Outlook, Word, Excel, Adobe, PowerPoint).
Experience with specialty tax and accounting software, such as GoSystem Tax RS,

GoFileRoom/FirmFlow,

SurePrep, CCH Axcess, Bloomberg Tax and BNA Planner.

Detail-oriented with demonstrated time management and analytical skills; able to maintain flexibility to appropriately prioritize and execute to meet client and firm needs and support peak volumes and aggressive deadlines.

Maintains absolute confidentiality of all client information and safeguards client and firm data; maintains high ethical standard in all practices.

Professional and positive demeanor, superb work ethic, high level of personal ethics and integrity.


FEATURED BENEFITS:
Medical Insurance
Dental Insurance
Vision Insurance
401(k)
Health Savings Account
Paid Maternity Leave
Paid Parental Leave
Tuition Reimbursement

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