Tax Accountant

To support the Tax Manager in delivering all aspects of tax advisory and tax compliance for the firm and its partners in a timely manner.

Responsibilities

• Provide UK tax compliance services to the partners; preparation of personal tax returns (including amendments to estimated prior year returns, where required) for review by the Tax Manager.
• Computation of taxes due and dealing with any personal tax related issues, queries, including preparing banking instructions and supporting schedules in relation to payments, e.g. to HMRC.
• Assistance with liaison with former partners and third party agents and advisers.
• Preparation of partners’ tax return database, including reconciliation of the tax liability position to individual tax returns, to record the progress and status of tax returns, to track information received from partners to determine additional information needed to prepare tax returns.
• Assistance with the bi-annual tax payments to HMRC.
• Work closely with the Partnership Accountant by reviewing the tax reserves and input into partner current accounts.
• Contacting HMRC regarding partners’ tax affairs, making the disclosure and assisting with enquiries.
• Engaging in tax discussions with newly appointed partners and meetings/explanations for retiring partners.
• Assistance with the preparation of the partnership tax computations and corporation tax return review for the operating businesses.
• Producing an analysis of the accounting entries for the tax computation, adjusted taxable profit calculations and capital allowance calculations.
• Be a subject matter expert / liaison point on up-to-date legislation, advising on ad-hoc tax related queries, e.g. withholding tax, employment tax and VAT queries.
• Assistance with PSA calculation such as analysis of expenses.
• Assistance with VAT returns for the UK entities, review transactions to ensure VAT is accurately applied and claimed.
• Review and ensure the firm complies with IR35 regulations.
• Undertake any specific training when required and overall responsibility towards self-development.
• Assistance with other Finance department duties as reasonably required.

Essential & Desirable Criteria

• ACCA/ACA/CTA/ATT qualified and at least 5+ years of personal tax experience, willingness to learn about other taxes is desirable.
• Self-motivated and pro-active, with the ability to work independently and as part of a team.
• Highly organised, hands-on individual.
• Good communication skills as you will be dealing with the stakeholders of the firm and HMRC.
• Experience using CCH, IRIS tax software and good working knowledge of Excel.
• Ability to prioritise and work to tight deadlines.
• Strong attention to detail with a methodical and logical approach.
• Maintain an up-to-date technical knowledge on relevant tax matters.
• High levels of confidentiality, discretion, and diplomacy.
• Flexible and willing to undertake ad hoc projects and duties within the Finance team.

At our firm, Diversity, Equity and Inclusion is a priority and at the heart of everything we do. We actively want to attract a diverse workforce and welcome applications from everyone, from all backgrounds. We are committed to promoting an inclusive culture where everyone can be their full selves and experience being seen and heard.

We ensure that there are equal opportunities and treatment for all job applicants and employees, at all stages of the recruitment process and employment, regardless of age, gender reassignment, marriage or civil partnership, pregnancy and maternity, disability, race (including colour, nationality, ethnic or national origin), religion or belief, sex, sexual orientation, gender identity, gender expression and social background. We aim to provide adjustments for people who have a disability, long-term health condition (including mental health) or neurodiversity. If you would like to request an adjustment, please contact Sam.Austin@penningtonslaw.com.