Job Summary
A Tax Manager, Credits & Incentives is responsible for advising clients of the credit & incentive opportunities relating to their business objectives, recommending alternate courses of action, as well as identifying different methods of complying with credits & incentives statutes and regulations. In this role, the Tax Manager, Credits & Incentives is charged with marketing, networking and business development within his/her area of experience and specialization, and recognizing potential changes in credit & incentives policy.
In addition, the SALT Credits & Incentives Manager works with the Core Tax Partners, Directors, and Senior Managers to provide credits & incentives expertise to their clients.
Job Duties
Research
- Identifies complex credits & incentives situations, when research is necessary, providing an outline of the issue(s) and the appropriate source of research to be conducted
- Analyzes researched facts and the sources utilized prior to composing a detailed report or preparing a credits & incentives opportunities matrix of the research findings
- Develops relationships with in-state and out of state Department of Tax (DOT)/Department of Revenue (DOR) and Economic Development personnel
Tax Compliance
Conducts detailed reviews of income tax returns, and identifies the most significant statutory credit opportunities
Evaluates a client’s current compliance processes, and provides customized and automated solutions for the client to comply with annual credits & incentives reporting
Tax Consulting
- Drafts credits & incentives memorandums and other documentation on various credits & incentives issues
- Conducts review of a client’s operations to determine in which jurisdictions credits & incentives opportunities may exist
- Applies all applicable state tax consulting sub-specialties, and confers with other Tax professionals when appropriate
- Ensures tax engagement letters are adopted prior to engagement work commencing, and manages engagements
- Assists in the development of consultative credits & incentives strategies
- Manages the expectations of assigned clients
Tax Controversy
- Drafts responses to notices from state taxing authorities
- Represents clients before any tax authority on credits & incentives issues
- Assists with exam support
Tax Specialization
- Provides technical client service to multi-state clients on credits & incentives matters
- Conducts negotiation credits & incentives matters
- Drafts technical memorandums regarding credits & incentives issues
Strategy Development
- Reviews studies of credits & incentives opportunities to identify alternative courses of actions to benefits clients
- Develops new or improved ideas to advance the position of clients in maximizing credits & incentives awards
- Assists with researching credits & incentives strategies
- Suggests marketing approaches for new client acquisitions
- Other duties as required
Supervisory Responsibilities
- Supervises the day-to-day workload of SALT Senior Associates and Associates on assigned engagements, and reviews work product
- Ensures SALT Senior Associates, Associates and Interns are trained on all relevant tax software
- Evaluates the performance of SALT Senior Associates and Associates, and assists in the development of goals and objectives to enhance professional development
- Delivers periodic performance feedback, and completes performance evaluations for SALT Senior Associates, Associates and Interns
- Acts as Career Advisor to SALT Senior Associates and Associates, as appropriate
Qualifications, Knowledge, Skills and Abilities
Education
Bachelor’s degree in Accounting or other relevant field, required
Master’s degree in Accounting or Taxation or Juris Doctorate, preferred
Experience
- Five (5) or more years of state and local/multistate tax experience required, with experience in credits & incentives strongly preferred,
- Experience supervising tax professionals on a project or engagement basis, required
- Experience preparing and/or reviewing tax provisions, preferred
License/Certifications
CPA or other relevant certification, required
Software
Proficient in the use of Microsoft Office Suite, specifically Excel and Word, preferred
Exposure to and familiarity with standard tax applications and research tools, preferred
Language
N/A
Other Knowledge, Skills & Abilities
- Excellent verbal and written communication skills
- Superior analytical and research skills
- Solid organizational skills, with the ability to meet project deadlines with a focus on details
- Ability to successfully multi-task while working independently or within a group environment
- Ability to work in a deadline-driven environment, and handle multiple projects simultaneously
- Capable of effectively managing a team of tax professionals, and delegating work assignments as needed
- Capacity to build and maintain strong relationships with internal and client personnel
- Ability to encourage a team environment on engagements, and contribute to the professional development of assigned personnel
- Executive presence, with the ability to act as primary contact on assigned engagements
- Ability to successfully interact with professionals at all levels
- Advanced knowledge of appropriate application of tax standards to ensure effective and efficient delivery of credits & incentives services
- Advanced knowledge of sources utilized in credits & incentives filings
- Advanced knowledge and understanding of cause / effect for taxable conditions on clients, and the potential credits and incentives opportunities
- Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.
- National Range: $79,800 - $168,000
- Maryland Range: $79,800 - $168,000
- NYC/Long Island/Westchester Range: $79,800 - $168,000
- Washington DC Range: $79,800 - $168,000
Job description provided by BDO USA.
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