At a Glance
- Tasks: Manage tax processes for UK partners and ensure accurate financial reporting.
- Company: Join a global law firm with a strong reputation in tax management.
- Benefits: Flexible remote work, competitive salary, and opportunities for professional growth.
- Other info: Dynamic projects and a supportive team environment await you.
- Why this job: Be the go-to expert for partners and make a real impact on their financial success.
- Qualifications: Qualified ACA/ACCA or 2+ years in a tax role with strong Excel skills.
The predicted salary is between 60000 - 80000 £ per year.
I'm working with a global law firm who are looking to recruit a UK Partner Tax Manager.
Key Responsibilities
- Managing the tax reserving process for UK resident partners, including:
- Accounting aspects;
- Allocation of partnership accounting profits and tax adjustments from the various Firm's partnerships;
- Monthly review of tax reserve postings;
- Posting journals onto accounting system to ensure tax reserve accounts show an up-to-date position;
- Review and allocate foreign taxes paid by branches and withheld from clients.
- Review of deferred tax calculations, allocations and movements between partners groups as and when necessary. This includes the review of deemed dividends from overseas corporate entities.
- Tax aspects
- Calculation of annual tax reserve charge;
- Calculation and review of effective tax rates, including forecast for drawings purposes;
- Double tax relief claims together with the management and quarterly reconciliation of the foreign tax accounts;
- Tax equalisation calculations for all UK valve partners and assistance for foreign partners receiving UK sourced profit;
- Applying available tax reliefs and the calculation and release of pension/gift aid and investment relief;
- Review of former partner tax balances.
- Management Of Partner Tax Payments / Refunds including
- Preparation/review of tax payment schedules provided by external advisers;
- Requesting payments from partners of personal related income;
- Analysing former partner balances;
- Advise on applications for reductions in payments on account where necessary;
- Forecast future tax payments for budgeting purposes.
- First Point of Contact for Partners, including
- Briefing lateral hires and newly promoted partners;
- Preparation of a tax reconciliation for departing partners including review of the deed of withdrawals;
- Preparation of annual tax reserve statement;
- Preparation of individual statements showing a reconciliation from profit allocation to taxable profit;
- Responding to partner / external tax adviser queries.
- Project work will form part of the role as when and necessary. Current projects ongoing include the introduction of individual statements to partners and ongoing review of excess profits allocated from non-UK entities/branches.
- Preparing and sending partnership tax return information to external tax advisers and liaising with internal finance teams, in particular, the partnership accounts team.
Qualifications Required
- Qualified ACA/ACCA
- CTA qualified or 2 years minimum experience in a tax related role
- Excellent Excel skills
- Experience using an accounting system
- Excellent communication skills
- Ability to work remotely
Ideal
- Experience of partnership structures
Remote UK Partner Tax Manager employer: Broughton Group
Join a prestigious global law firm that values its employees by offering a supportive and collaborative work culture, where your expertise as a UK Partner Tax Manager will be recognised and rewarded. With opportunities for professional growth and development, you will thrive in a remote working environment that promotes work-life balance while engaging in meaningful projects that impact the firm's success.
StudySmarter Expert Advice🤫
We think this is how you could land Remote UK Partner Tax Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and tax sectors. A friendly chat can lead to opportunities that aren’t even advertised yet. Don’t forget to mention you’re looking for roles like the UK Partner Tax Manager!
✨Tip Number 2
Prepare for those interviews! Research the firm’s recent projects and their approach to tax management. Being able to discuss how your skills align with their needs will set you apart from the crowd.
✨Tip Number 3
Showcase your Excel skills! If you’ve got experience with complex tax calculations or financial modelling, be ready to share examples. We all know how crucial these skills are for a role like this.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Remote UK Partner Tax Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Partner Tax Manager role. Highlight your experience with tax reserving processes and partnership structures, as these are key aspects of the job. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to managing tax payments and working with partners, so we can see your passion and expertise.
Show Off Your Excel Skills:Since excellent Excel skills are a must-have for this position, don’t forget to mention any relevant projects or tasks where you’ve used Excel effectively. We love seeing how you can leverage tools to make tax calculations and analyses easier!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy!
How to prepare for a job interview at Broughton Group
✨Know Your Tax Basics
Make sure you brush up on your tax knowledge, especially around partnership structures and tax reserving processes. Be ready to discuss how you would manage tax calculations and allocations, as this will likely come up during the interview.
✨Excel Skills Are Key
Since excellent Excel skills are a must for this role, practice using advanced functions and formulas. You might be asked to demonstrate your proficiency, so consider preparing a small project or example that showcases your skills.
✨Communication is Crucial
As the first point of contact for partners, strong communication skills are essential. Prepare examples of how you've effectively communicated complex tax information in the past, and think about how you can convey your ideas clearly and concisely.
✨Project Management Experience
Be ready to discuss any relevant project work you've done, particularly if it involved tax-related projects. Highlight your ability to manage multiple tasks and collaborate with different teams, as this will show your potential employer that you can handle the dynamic nature of the role.
