Partnership Tax Accountant
Job Title: | Partnership Tax Accountant |
Contract Type: | Permanent |
Location: | London |
Industry: | |
Salary: | £45000.00 - £55000.00 per annum + Benefits |
Reference: | 3686501_1570021744 |
Contact Name: | Alex Stirling |
Contact Email: | daxtra.ukit@hays.com |
Job Published: | October 02, 2019 14:09 |
Job Description
Partnership Tax Accountant needed for the busy finance department of large law firm. Based Central London.
Your new role
Principle responsibilities:
- Dealing with queries from partners regarding their pay and tax affairs on a day to day basis
- Meeting new partners and going through new partner checklist covering capital, tax reserves, drawings and setting up agency at HMRC
- Completing annual tax provision spreadsheet and journals
- Preparing partners' tax returns together with other Partnership Tax Accountant
- Organising 31 January tax payments to HMRC and posting journals for tax payments
- Tax planning for partners including relief available for pension contributions together with other Partnership Tax Accountant
- Preparing half yearly tax reserve statements for partners and release of tax reserve balances following closure of tax year together with other Partnership Tax Accountant
- Calculating partner net of tax drawings allowances on joining, promotion, flexible benefits window, maternity and keeping in touch days; posting journals therefrom
- Calculating partner drawings following pay review together with Partnership Tax Assistant
- Co-ordinate setting up, amending and cancelling standing orders to partners
- Calculating capital requirements in accordance with HMRC, liaise with partners, calculate and post interest on capital
- Request for certificates of loan interest paid from bank and check to internal records
- Liaising with Payroll regarding changes to Directors' fees
- Dealing with company secretarial documents and filings for Members / Directors
- Calculating partner full year profit share entitlement for accounts purposes
- Preparing partner statements showing amounts credited to their current accounts as part of year end entries
- Preparing monthly actual and budgeted partner charges and journals
- Drafting mortgage reference letters together with other Partnership Tax Accountant
- Meeting departing partners and going through leaving partner checklist. Settling current accounts balances for leavers
- Maintaining partner list and ensuring CCH Personal Tax is up to date
- Dealing with HMRC enquiries into partners' tax affairs
- Cover for other partnership tax accountant and team
- Ad hoc projects, which are wide ranging given the small size of the tax team and cover all the tax affairs of the firm and partners
What you'll need to succeed
- ATT qualified or qualified by experience
- Minimum 4/5 years in personal tax
- Previous experience working in-house in legal sector
- Good working knowledge of Excel
- CCH personal tax software
- Elite practice management system
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