Accountant with Tax
7 months ago
Position Overview:
The Accountant with Tax & VAT Certification plays a pivotal role in managing the organization's tax compliance and value-added tax (VAT) responsibilities. This position requires expertise in accounting principles, tax regulations, and VAT requirements to ensure accurate financial reporting and compliance with tax laws. The individual will be responsible for preparing and filing tax returns, managing VAT transactions, and providing tax-related advice to support the organization's financial objectives.
Key Responsibilities:
- Tax Compliance:
- Ensure compliance with all applicable tax laws, regulations, and reporting requirements at the federal, state, and local levels.
- Prepare and file various tax returns, including income tax, payroll tax, sales tax, and other regulatory filings, accurately and timely.
- Conduct tax research to stay updated on changes in tax legislation and regulations affecting the organization.
- VAT Management:
- Manage the organization's VAT obligations, including the calculation, reporting, and remittance of VAT liabilities.
- Ensure accuracy and completeness of VAT records and transactions in compliance with VAT regulations.
- Provide guidance on VAT implications of business transactions and initiatives to minimize tax liabilities.
- Financial Reporting:
- Prepare financial statements, including income statements, balance sheets, and cash flow statements, in accordance with accounting standards and regulatory requirements.
- Reconcile tax accounts and ensure accuracy of tax-related entries in the general ledger.
- Assist in the preparation of tax provisions and disclosures for financial reporting purposes.
- Tax Planning and Strategy:
- Collaborate with tax advisors and senior management to develop tax planning strategies that optimize the organization's tax position and minimize tax exposures.
- Provide advice on tax-efficient business structures, transactions, and investments to achieve strategic objectives.
- Identify opportunities for tax savings and incentives, such as tax credits and deductions.
- Compliance Monitoring:
- Monitor compliance with tax and VAT laws, regulations, and deadlines.
- Conduct periodic reviews and audits to ensure accuracy and completeness of tax filings and records.
- Respond to tax notices, inquiries, and audits from tax authorities and assist in resolving tax-related issues.
- Continuous Improvement:
- Stay informed about emerging trends, developments, and best practices in accounting, taxation, and VAT.
- Participate in professional development activities to enhance knowledge and skills in tax compliance and accounting principles.
- Recommend process improvements and implement best practices to streamline tax and VAT processes.
Qualifications and Requirements:
- Bachelor's degree in accounting, finance, or a related field. A professional certification such as Certified Public Accountant (CPA) or Chartered Accountant (CA) is required.
- Additional certification in taxation (e.g., Enrolled Agent) and VAT is preferred.
- Minimum of [X] years of experience in accounting, tax compliance, or a related field.
- Strong understanding of accounting principles, tax laws, and VAT regulations.
- Proficiency in accounting software and tax preparation software.
- Excellent analytical, problem-solving, and communication skills.
- Detail-oriented with strong organizational skills and the ability to manage multiple tasks and deadlines effectively.
- Ethical conduct and integrity in handling sensitive tax information and financial data.
**Salary**: AED6,000.00 - AED8,000.00 per month
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