Partnership Tax Accountant

Job Title: Partnership Tax Accountant
Contract Type: Permanent
Location: London
Salary: £45000.00 - £55000.00 per annum + Benefits
Reference: 3686501_1570021744
Contact Name: Alex Stirling
Contact Email:
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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