At a Glance
- Tasks: Prepare VAT returns, manage client portfolios, and ensure compliance with tax regulations.
- Company: Join Ortenz & Co Limited, a dynamic London-based business and tax consultancy.
- Benefits: Gain valuable experience in accounting and tax while working with diverse clients.
- Why this job: Make a real impact by helping businesses navigate VAT and tax challenges.
- Qualifications: Accounting or tax qualification preferred; experience in accountancy practice is essential.
- Other info: Opportunity to grow in a supportive environment with a focus on professional development.
The predicted salary is between 36000 - 60000 £ per year.
As an Accountant, you will take responsibility for preparing and reviewing VAT returns, maintaining accurate bookkeeping records, and ensuring full compliance with UK VAT, CIS, and tax regulations. You will manage a varied client portfolio, predominantly owner-managed businesses, providing guidance on VAT rules, CIS treatment, and other accounting matters. Your role involves producing year-end accounts, corporation tax returns, self-assessment tax returns, and supporting clients with day-to-day financial queries. You will ensure accurate reporting, effective workflow management, and contribute to the efficient delivery of our accounting and compliance services.
Key Responsibilities
- Performing bookkeeping for limited companies and sole traders using VT Transactions
- Preparing and submitting quarterly VAT returns for clients across sectors such as construction, retail, hospitality, manufacturing, IT, and others
- Entering purchase and sales invoices and reconciling supplier and customer ledgers
- Entering bank statements manually or via CSV imports and completing accurate bank reconciliations
- Applying Domestic Reverse Charge VAT rules confidently
- Managing Construction Industry Scheme (CIS) processes, including CIS suffered, CIS deductions, and subcontractor payments
- Calculating CIS refund claims for limited companies and sole traders
- Preparing year-end accounts for VAT-registered and non-VAT-registered limited companies (preferably using IRIS Accountancy Suite)
- Preparing corporation tax returns (CT600) using IRIS Accountancy Suite, including correct treatment of allowable/disallowable expenses, capital allowances, marginal relief, and other SME tax rules
- Working effectively with incomplete or missing information when preparing VAT returns and accounts
- Accurately recording wages, salaries, PAYE, NIC, and pension contributions
- Entering subcontractor payments, recording CIS deductions, and preparing workings for monthly CIS returns
Candidate requirement
- Strong knowledge of accounting and tax rules, with willingness to stay updated on legislation changes
- Proven experience working within an accountancy practice
- Experience dealing with owner-managed businesses
- Practical experience of CIS and VAT Domestic Reverse Charge
- Strong VAT knowledge with a proven track record of preparing and submitting VAT returns
- Bookkeeping experience using VT Transaction+ software
- Be the main point of contact for clients and/or colleagues
- Strong communication skills and able to build good relationships with clients
Qualifications
- Holds an accountancy and/or tax qualification or qualified by experience (e.g. ATT/CTA/ACA/ACCA/CA)
Ortenz & Co Limited is a London based business and tax consultancy firm established in 2005. We have been serving our clients as accountants, business advisors, and tax consultants. We specialize in Business Startup, Company Formations, Company Secretarial, Statutory Accounts, Inheritance Tax Planning, Capital Gains Tax Planning, Management of Accounts and Payrolls.
VAT Accountant in Wandsworth employer: Ortenz & Co Limited
Contact Detail:
Ortenz & Co Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VAT Accountant in Wandsworth
✨Tip Number 1
Network like a pro! Reach out to your connections in the accounting world, especially those who work with VAT and CIS. A friendly chat can lead to job opportunities that aren't even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio showcasing your experience with VAT returns and bookkeeping. When you get an interview, bring it along to demonstrate your expertise and make a lasting impression.
✨Tip Number 3
Practice makes perfect! Brush up on common interview questions for accountants, especially those related to VAT and tax regulations. The more prepared you are, the more confident you'll feel during the interview.
✨Tip Number 4
Don't forget to apply through our website! We love seeing applications directly from candidates who are eager to join us. It shows initiative and gives you a better chance of standing out in the crowd.
We think you need these skills to ace VAT Accountant in Wandsworth
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with VAT and CIS processes. We want to see how your skills match the role, so don’t be shy about showcasing your bookkeeping expertise and any relevant qualifications.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about accounting and how you can contribute to our team. We love seeing personality, so let your enthusiasm for the role come through.
Showcase Your Client Management Skills: Since you'll be the main point of contact for clients, highlight any previous experience managing client relationships. We value strong communication skills, so share examples of how you've built rapport with clients in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Ortenz & Co Limited
✨Know Your VAT Inside Out
Make sure you brush up on your VAT knowledge before the interview. Be prepared to discuss specific VAT rules, especially those related to Domestic Reverse Charge VAT and CIS processes. Showing that you can confidently navigate these topics will impress the interviewers.
✨Showcase Your Bookkeeping Skills
Since bookkeeping is a key part of the role, be ready to talk about your experience with VT Transactions or similar software. Bring examples of how you've managed client accounts and reconciled ledgers, as this will demonstrate your practical skills and attention to detail.
✨Understand the Client Portfolio
Familiarise yourself with the types of clients the company works with, particularly owner-managed businesses. Think about how you can tailor your approach to meet their unique needs and challenges, and be ready to share any relevant experiences you've had in similar situations.
✨Prepare Questions for Them
Interviews are a two-way street, so prepare thoughtful questions to ask the interviewers. Inquire about their approach to client relationships or how they stay updated on tax legislation changes. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.