Tax Director

Company: AAA Northeast
Location: Providence
Posted on: May 23, 2023

Job Description:

Overview:This position is responsible for the federal and state income tax function, including planning, provisions, returns, extensions, estimated payments, return to provision adjustments, and audit defense. Work to achieve maximum tax savings whenever possible while remaining responsive to changing business needs and practices. Works with the accounting and leadership teams to identify opportunities for process improvement and potential areas of risk. They will monitor current and impending changes to tax regulation and make the appropriate updates to policies and strategies.Responsibilities:Prepare quarterly and annual federal and state tax provision, facilitate providing necessary information to external tax preparation firm, review all federal and state tax filings and ensure the accuracy and timely filing of all tax forms.Ensure accurate and timely filing of state and local sales and use tax returns. Ensure the accounts payable system is accurately capturing use tax and external systems are properly calculating sales tax to remit to the various taxing jurisdictions. Review the filing of multi state and local returns including sales and use and personal property tax.Assist property accounting team to determine if assets capitalized and properly depreciation for federal and state purposes. Ensure assets are properly classified to allow Company to accelerate federal bonus depreciation methods, where applicable. May also assist in working with external parties on cost segregation studies when new properties are constructed.Find and implement opportunities for process improvement in company tax procedures.Federal and state income tax extensions and estimates, as well as tax payment projections to support the forecasting and budgeting processes.U.S. Census form filings using tax return information.Maintain effective control procedures over all aspects of the tax process. Tax research to support income tax return positions, develop tax planning ideas, identify tax savings opportunities, mitigate potential tax risks, and provide answers to other departments.Developing an understanding of the tax department's other functions, including but not limited to sales tax, property tax, annual reports, business licenses, and other miscellaneous taxes. Identifying correlations between these functions and the income tax function to maintain consistency between the information used for each tax type, and also to recommend improvements in the data gathering processes. Providing cross-functional support as needed.Manage and facilitate federal and state tax audits whether income or sales and use tax by preparing responses, creating supporting schedules, point of contact for taxing jurisdiction, etc.Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and the tax team and create strategies to capitalize on changes to taxation legislation.Provide support with various internal audits and special tax related projects.Review tax returns and quarterly/yearly tax projections.Qualifications:Education/Licenses/Certifications:Bachelors degree required, Accounting or related fieldMasters degree preferred, Accounting or TaxationExtensive individual/corporate/partnership tax knowledgeStrong knowledge of tax code, compliance and procedures for corporations.CPA requiredMST preferredExperience:8+ years Tax or public accountant role2+ years Supervisor / Management experience

Keywords: AAA Northeast, Providence , Tax Director, Accounting, Auditing , Providence, Rhode Island