Analyst

About the Role

What roles and responsibilities

What will you be doing? –

You will be accountable for workflow and ensure work is completed within strict deadlines.

Duties and Responsibilities in brief: -

Financial Reporting & Tax Compliance

• Assist in the preparation of Financial Statements for Individuals, Partnerships, Trusts, and Companies.
• Prepare Australian Income Tax Returns for various entity types.
• Support year-end and periodic compliance activities in accordance with Australian taxation requirements.
• Assist in revenue versus capital expenditure classification and related tax treatment.

BAS, IAS & Compliance

• Prepare and reconcile Business Activity Statements (BAS) and Instalment Activity Statements (IAS) on a monthly and quarterly basis.
• Support compliance reviews relating to GST, PAYG, Fringe Benefits Tax (FBT), Personal Services Income (PSI), and Division 7A.
• Assist in identifying compliance risks and ensuring adherence to Australian tax legislation.

Technical Accounting & Tax Support

• Perform General Ledger reviews and account reconciliations.
• Support Capital Gains Tax (CGT) calculations and concession assessments.
• Assist in Foreign Income reporting and Foreign Income Tax Offset (FITO) calculations.
• Conduct research on accounting and taxation matters as required.

Client & Stakeholder Management

• Communicate with clients to collect financial information and supporting documentation.
• Follow up on outstanding information requests and resolve client queries.
• Coordinate with Team Leads and Australia-based stakeholders to ensure timely completion of engagements
• .

Experience Required –

What is the expectation from the candidate’s current role/profile?

The ideal candidate should have working knowledge of

Division 7A Compliance

Personal Services Income (PSI)

Fringe Benefits Tax (FBT)

• GST Reconciliations and BAS/IAS Preparation
• Capital Gains Tax (CGT) Concessions and Exemptions
• Foreign Income Reporting and FITO Calculations

Australian Individual Tax Returns

Rental Property Taxation

• Investment Income Taxation (Dividends, Trust Distributions, Managed Funds)
• Sole Trader Businesses and Small Business Compliance
• Australian Accounting Standards and Tax Legislation
• The successful applicant must be able to work independently and/or with a team and under pressure, with good time management skills
• Demonstrate strong communication skills

Required Qualifications

Qualification – B.Com + MBA/M. Com

Minimum 3+ years of experience in an Australian Accounting Practice or Offshore Accounting/Taxation Support environment.