At a Glance
- Tasks: Manage tax processes for UK partners and ensure accurate financial reporting.
- Company: Join a leading global law firm with a strong reputation.
- Benefits: Competitive salary, flexible working options, and professional development opportunities.
- Other info: Dynamic team environment with exciting project work and career growth potential.
- Why this job: Be the go-to expert for partners and make a real impact in tax management.
- 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
UK Partners Tax Manager. Job in London Move Collective Jobs employer: Broughton Group
Join a prestigious global law firm in London, where you will thrive in a dynamic work culture that values collaboration and innovation. As a UK Partners Tax Manager, you will benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages work-life balance. With a focus on employee growth and a commitment to excellence, this role offers a unique chance to make a meaningful impact within a leading firm.
StudySmarter Expert Advice🤫
We think this is how you could land UK Partners Tax Manager. Job in London Move Collective Jobs
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in tax or law firms. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and current tax regulations. We want you to be the go-to person for any tax-related questions during your interview, so show off that expertise!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds and shows your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit.
✨Tip Number 4
Check out our website for the latest job openings. Applying directly through us not only gives you a better chance but also keeps you updated on any new roles that might pop up in the future!
We think you need these skills to ace UK Partners Tax Manager. Job in London Move Collective Jobs
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the UK Partners Tax Manager role. Highlight your relevant experience in tax management and partnership structures, and don’t forget to showcase your Excel skills. We want to see how you can bring value to our team!
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 projects or experiences that relate to the responsibilities listed in the job description. We love seeing your personality come through!
Showcase Your Communication Skills:Since excellent communication is key for this role, make sure your application reflects that. Use clear and concise language, and structure your documents well. We appreciate a well-organised application that’s easy to read!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Broughton Group
✨Know Your Tax Stuff
Make sure you brush up on your tax knowledge, especially around partnership structures and tax reserving processes. Familiarise yourself with the specific responsibilities mentioned in the job description, like deferred tax calculations and double tax relief claims, so you can speak confidently about them.
✨Excel Like a Pro
Since excellent Excel skills are a must for this role, practice using advanced functions and formulas. Be ready to discuss how you've used Excel in previous roles, perhaps in managing tax reserves or preparing financial statements, to show you can hit the ground running.
✨Communicate Clearly
Strong communication skills are key, especially as you'll be the first point of contact for partners. Prepare examples of how you've effectively communicated complex tax information to non-experts, and think about how you would explain the tax reconciliation process to a new partner.
✨Project Management Mindset
This role involves project work, so be prepared to discuss any relevant experience you have in managing projects. Think about how you can demonstrate your ability to handle multiple tasks, like preparing tax returns while liaising with external advisers, and how you prioritise your workload.
