A Tax Accountant is responsible for analysing fiscal matters and preparing, submitting and managing tax statements and returns for businesses and clients. A Tax Accountant also looks after providing advice on financial and tax matters, and should have an in-depth knowledge of the regulations, laws and acts that govern this process. Knowing this, a Tax Accountant job description should emphasise the need for a candidate who has exceptional attention to detail, strong analytical skills and is a good communicator.
Tax Accountant duties and responsibilities of the job
The role of Tax Accountant comes with significant responsibility, and this should be articulated in a Tax Accountant job description by listing some of the following duties and tasks:
- Preparing tax statements, financial statements and BAS statements at required intervals
- Creating and returning statements and documents to clients by set deadlines
- Liaising with the Australian Taxation Office (ATO) and other regulatory bodies when required
- Preparing business income tax returns and statements for audits
- Assisting in financial planning
- Regularly reviewing systems and making updates and improvements where necessary
- Engaging regularly with clients and maintaining strong relationships
- Identifying areas where clients and businesses can reduce tax, make claims and increase profit
- Possessing strong knowledge of tax law and statutory regulations
- Understanding financial landscape and market trends
Tax Accountant job qualifications and requirements
This role requires a high degree of accuracy and training in the practical, administrative and legal elements of tax. As such, a Tax Accountant job description should ask for a degree in one of the following fields:
- Finance or Economics
- Business or Business Administration
For candidates to be able to produce and sign off on financial reports, the job description should highlight the participation (current or former) in a Certified Practising Accountants (CPA) program. Membership of a recognised accounting institution, such as the Institute of Public Accountants (IPA) or the Institute of Chartered Accountants of Australia (ICAA) is also preferable.
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