Tax Senior Manager, ASC740 & Corporate Tax
BDO USA, Port Reading, NJ, United States
Job Summary
The Core Tax Services ("CTS") Senior Manager – ASC740 is responsible for advising clients on the tax implications of their business objectives, evaluating and selecting alternative actions to lessen tax burden and cost of compliance, identifying different methods of complying with tax regulations while acting as the primary client contact for complex corporate tax and ASC 740 tax issues. In this role, the Core Tax Services Senior Manager is charged with applying knowledge to understand potential tax issues and recognizing and communicating potential risks and potential changes in the tax policy. The role also involves marketing, networking, business development, and may be asked to provide written tax advice to clients.
Job Duties
Tax Compliance
Ensures clients comply with all applicable authorities while minimizing tax and reporting burdens and that self and client service teams comply with all Firm policies, standards, and the BDO Tax Quality Manual (TQM).
Conducts a top‑level review of tax returns and resolves all tax issues with the client; involves specialists where appropriate.
Communicates with client and Assurance any issues identified in tax accrual reviews.
Plans and reviews the tax process and procedures, including budgeting and staffing, monitoring engagement process and actual time incurred versus budget with assistance of Senior, timely billing, management of out‑of‑scope activity, and communication to client.
Manages client relationships/expectations in accordance with the project.
Provides advice to clients in a timely manner.
Research
Identifies when research is needed; frames issues to be researched and reports the analysis clearly.
Identifies complex issues to be researched by engagement team and provides research methodology for efficient processes.
Trains managers/staff on research skills and helps to appropriately frame ASC 740 tax issues for analysis.
Involves firm specialists as appropriate.
ASC 740 (FAS 109 and FIN 48) Tax Accruals
Correctly and proactively applies Firm policies, standards, and the BDO TQM regarding ASC 740.
Explains and discusses components of the income tax provision and uncertain tax positions to client and other complexities surrounding ASC 740.
Communicates with Assurance team to plan tax accrual reviews, including budget, scope and delivery dates.
Reviews tax provisions, applies in‑depth knowledge of ASC 740 and reviews prepared workpapers.
Utilizes and manages Specialized Tax Services (STS) as needed.
Tax Consulting
Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing current and future taxes.
Considers the applicability of CTS and STS consulting specialties for each client.
Develops and implements a work plan that includes/organizes the STS assistance on ongoing client projects.
Serves as a technical resource.
Ensures client service teams comply with Firm policy regarding Written Tax Advice (WTA).
Provides effective assistance with exam support and frames projects and issues for effective delegation.
Tax Specialization
Develops an in-depth understanding of technical and practical issues and opportunities regarding one or more areas of taxation (individual, corporate, property, sales, pass‑through, state and local, international, expatriate, transfer pricing, credits and incentives, compensation, R&D tax benefits).
May organize and conduct effective internal CPE training sessions in area of specialization, involving Firm specialists.
May train and mentor managers/seniors/associates on ASC 740.
Strategy Development
Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel (e.g., by reducing taxes or expenses or providing non‑tax benefits).
Consistently makes suggestions as to how previous work products or approaches can be improved.
May lead marketing campaigns if applicable to role.
Presents complex strategies to clients and prospective clients.
Collaborates with the Firm’s National Tax and Specialized Tax Services to deliver high‑quality deliverables and/or analyses on ASC 740.
Other duties as required
Supervisory Responsibilities
Supervises associates and senior associates on all projects.
Reviews work prepared by associates and senior associates and provides review comments.
Trains associates and seniors on the use of current software tools.
Acts as a career advisor to associates and senior associates.
Schedules and manages workload of associates and senior associates.
Provides verbal and written performance feedback to associates and senior associates.
Education • Bachelor’s degree in Accounting or Taxation, required. • Master’s degree in Accounting or Taxation, preferred.
Qualifications, Knowledge, Skills and Abilities
Bachelor’s degree in Accounting or Taxation, required.
Master’s degree in Accounting or Taxation, preferred.
Eight (8) or more years of prior experience, required.
Experience in managing the process of preparing and auditing ASC 740 computations for both privately held and/or publicly traded clients, required.
Prior supervisory experience, required.
Multinational client experience, preferred.
CPA certification, attorney (admitted to practice in a U.S. jurisdiction), or IRS Enrolled Agent (EA) or equivalent, required.
Experience with Microsoft Office Tools (Excel, PowerPoint, Word, Outlook) and Adobe Acrobat, preferred.
Experience with tax research databases such as BNA and RIA; proficient in all tax compliance process software including GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software, or comparable programs and standard tax workpapers, preferred.
Superior verbal and written communication skills.
Ability to effectively delegate work as needed.
Strong analytical, research and critical thinking skills as well as decision‑making skills.
Ability to work well in a team environment.
Ability to develop and manage a team of tax professionals.
Ability to compose written tax advice.
Ability to effectively develop and maintain client relationships.
Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to clients.
License/Certifications CPA, attorney (admitted to practice in a U.S. jurisdiction), or IRS Enrolled Agent (EA) or equivalent required.
Software Experience with Microsoft Office Tools and Adobe Acrobat, preferred. Experience with tax research databases (BNA, RIA) and proficiency in tax compliance process software (GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software) or comparable programs, preferred.
Other Knowledge, Skills & Abilities
Superior verbal and written communication skills.
Ability to effectively delegate work as needed.
Strong analytical, research and critical thinking skills as well as decision‑making skills.
Ability to work well in a team environment.
Ability to develop and manage a team of tax professionals.
Ability to compose written tax advice.
Ability to effectively develop and maintain client relationships.
Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to clients.
Salary Range California: $146,000 - $200,000 Colorado: $120,000 - $180,000 Illinois: $140,000 - $190,000 Maryland: $150,000 - $180,000 Massachusetts: $150,000 - $206,000 Minnesota: $130,000 - $190,000 New Jersey: $155,000 - $200,000 NYC/Long Island/Westchester: $190,000 - $225,000 Washington: $150,000 - $190,000 Washington DC: $162,000 - $190,000
EEO Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status. Equal Opportunity Employer, including disability/vets.
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Job Duties
Tax Compliance
Ensures clients comply with all applicable authorities while minimizing tax and reporting burdens and that self and client service teams comply with all Firm policies, standards, and the BDO Tax Quality Manual (TQM).
Conducts a top‑level review of tax returns and resolves all tax issues with the client; involves specialists where appropriate.
Communicates with client and Assurance any issues identified in tax accrual reviews.
Plans and reviews the tax process and procedures, including budgeting and staffing, monitoring engagement process and actual time incurred versus budget with assistance of Senior, timely billing, management of out‑of‑scope activity, and communication to client.
Manages client relationships/expectations in accordance with the project.
Provides advice to clients in a timely manner.
Research
Identifies when research is needed; frames issues to be researched and reports the analysis clearly.
Identifies complex issues to be researched by engagement team and provides research methodology for efficient processes.
Trains managers/staff on research skills and helps to appropriately frame ASC 740 tax issues for analysis.
Involves firm specialists as appropriate.
ASC 740 (FAS 109 and FIN 48) Tax Accruals
Correctly and proactively applies Firm policies, standards, and the BDO TQM regarding ASC 740.
Explains and discusses components of the income tax provision and uncertain tax positions to client and other complexities surrounding ASC 740.
Communicates with Assurance team to plan tax accrual reviews, including budget, scope and delivery dates.
Reviews tax provisions, applies in‑depth knowledge of ASC 740 and reviews prepared workpapers.
Utilizes and manages Specialized Tax Services (STS) as needed.
Tax Consulting
Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing current and future taxes.
Considers the applicability of CTS and STS consulting specialties for each client.
Develops and implements a work plan that includes/organizes the STS assistance on ongoing client projects.
Serves as a technical resource.
Ensures client service teams comply with Firm policy regarding Written Tax Advice (WTA).
Provides effective assistance with exam support and frames projects and issues for effective delegation.
Tax Specialization
Develops an in-depth understanding of technical and practical issues and opportunities regarding one or more areas of taxation (individual, corporate, property, sales, pass‑through, state and local, international, expatriate, transfer pricing, credits and incentives, compensation, R&D tax benefits).
May organize and conduct effective internal CPE training sessions in area of specialization, involving Firm specialists.
May train and mentor managers/seniors/associates on ASC 740.
Strategy Development
Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel (e.g., by reducing taxes or expenses or providing non‑tax benefits).
Consistently makes suggestions as to how previous work products or approaches can be improved.
May lead marketing campaigns if applicable to role.
Presents complex strategies to clients and prospective clients.
Collaborates with the Firm’s National Tax and Specialized Tax Services to deliver high‑quality deliverables and/or analyses on ASC 740.
Other duties as required
Supervisory Responsibilities
Supervises associates and senior associates on all projects.
Reviews work prepared by associates and senior associates and provides review comments.
Trains associates and seniors on the use of current software tools.
Acts as a career advisor to associates and senior associates.
Schedules and manages workload of associates and senior associates.
Provides verbal and written performance feedback to associates and senior associates.
Education • Bachelor’s degree in Accounting or Taxation, required. • Master’s degree in Accounting or Taxation, preferred.
Qualifications, Knowledge, Skills and Abilities
Bachelor’s degree in Accounting or Taxation, required.
Master’s degree in Accounting or Taxation, preferred.
Eight (8) or more years of prior experience, required.
Experience in managing the process of preparing and auditing ASC 740 computations for both privately held and/or publicly traded clients, required.
Prior supervisory experience, required.
Multinational client experience, preferred.
CPA certification, attorney (admitted to practice in a U.S. jurisdiction), or IRS Enrolled Agent (EA) or equivalent, required.
Experience with Microsoft Office Tools (Excel, PowerPoint, Word, Outlook) and Adobe Acrobat, preferred.
Experience with tax research databases such as BNA and RIA; proficient in all tax compliance process software including GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software, or comparable programs and standard tax workpapers, preferred.
Superior verbal and written communication skills.
Ability to effectively delegate work as needed.
Strong analytical, research and critical thinking skills as well as decision‑making skills.
Ability to work well in a team environment.
Ability to develop and manage a team of tax professionals.
Ability to compose written tax advice.
Ability to effectively develop and maintain client relationships.
Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to clients.
License/Certifications CPA, attorney (admitted to practice in a U.S. jurisdiction), or IRS Enrolled Agent (EA) or equivalent required.
Software Experience with Microsoft Office Tools and Adobe Acrobat, preferred. Experience with tax research databases (BNA, RIA) and proficiency in tax compliance process software (GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software) or comparable programs, preferred.
Other Knowledge, Skills & Abilities
Superior verbal and written communication skills.
Ability to effectively delegate work as needed.
Strong analytical, research and critical thinking skills as well as decision‑making skills.
Ability to work well in a team environment.
Ability to develop and manage a team of tax professionals.
Ability to compose written tax advice.
Ability to effectively develop and maintain client relationships.
Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to clients.
Salary Range California: $146,000 - $200,000 Colorado: $120,000 - $180,000 Illinois: $140,000 - $190,000 Maryland: $150,000 - $180,000 Massachusetts: $150,000 - $206,000 Minnesota: $130,000 - $190,000 New Jersey: $155,000 - $200,000 NYC/Long Island/Westchester: $190,000 - $225,000 Washington: $150,000 - $190,000 Washington DC: $162,000 - $190,000
EEO Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status. Equal Opportunity Employer, including disability/vets.
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