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Tax Talent – ASC 740 Experience


Freed Maxick advises public and private companies on ways to enhance profitability, save taxes, improve accountability and reduce risk. We specialize in helping our clients discover and achieve their bottom-line potential and we provide sound business advice based upon our depth of services vast experience in a broad array of industries.

Freed Maxick CPAs, P.C., a top 100 Firm in the U.S., has an immediate opportunities at all levels for Tax Talent with ASC 740 Experience. Freed Maxick is one of the largest Accounting firms in Western New York, and a Top 50 Firm as ranked by Vault.

 

About The Job

  • Assisting with non-U.S. reporting for ASC 740, Accounting for Income Taxes.
  • Technical review of U.S. International tax companies, including the foreign tax credit, form 5471, and other international compliance returns.
  • Prepare FIN 48 memos and related analysis.
  • Develop and maintain knowledge of federal and international tax laws and current developments.
  • Flexibility to work outside of scope and role due to dynamic environment.
  • Preparation and recording of monthly, quarterly and annual income tax provision in accordance with ASC 740 including analysis of ETR, deferred taxes and current liability.
  • Maintain analysis of tax accounts and prepare monthly reconciliations.
  • Collaborate with other business partners, as needed, to effectively understand accounts which are tax sensitive and determine related tax treatment.
  • Provide support for the U.S. consolidated return, state and local income and franchise tax returns.
  • Provide income tax support for various states under audit.
  • Assist Fixed Asset Group in the maintenance and review of tax depreciation ledgers and reviewing reconciliation of net book versus net tax value reports.
  • Assist in the evaluation and implementation of tax planning opportunities.
  • Prepare documentation of testing of internal controls under Sarbanes-Oxley 404, and update tax processes and controls, as needed.

This role offers the opportunity to work with highly complex tax and SEC challenges, encountering unique and challenging issues you wouldn’t see over many years at other organizations. The majority of your time will be invested in managing the quarterly and annual tax provisions for various SEC filings. Our collaborative and dynamic tax department is ideal for motivated, high-potential professionals.

 

What We Are Looking For

  • Bachelors/MBA with CPA
  • Experience completing state/municipal income and excise tax returns
  • ASC 740/FAS 109 and FIN 48 experience
  • Good presentation, client-facing and communication skills
  • A strong background in maintaining and building client relationships
  • Has 4 to 10 years of experience with accounting for income taxes under ASC 740 for SEC registrants, either as an employee of a public corporation or through public accounting client service.
  • Possesses a strong understanding of federal income tax for corporations and partnerships, including the ability to identify issues and calculate Book/Tax differences.
  • Has excellent research skills (using CCH, BNA, etc.) and an understanding of federal and state tax authorities.
  • Has experience with quarterly and annual provisions (current and deferred – ASC 740/FAS 109, FIN 48).
  • Is able to determine state apportionment factors.
  • Knows FIN 48 and FAS 5 accruals and reconciliation of tax accounts.
  • Has knowledge of SOX compliance (Tax Internal Controls).
  • Reviews fixed asset reports.
  • Assists in the development and implementation of tax planning initiatives.
  • Identifies and reports unrecognized tax benefits associated with uncertain tax positions.
  • Manages preparation of tax provisions and serves as a technical resource for ASC 740 issues for audit teams relative to accounting for income taxes.
  • Participates in networking activities and works closely with Directors on targeting and proposal activities

 

Freed Maxick hires the most qualified people available and gives them maximum opportunity to advance!

 

What Freed Maxick Offers

  • An attractive compensation and benefit package
  • A friendly work environment with the largest firm in WNY based on number of CPAs
  • The opportunity to grow the practice and build a book of business with the experts in the field and an incentive program providing commissions on new business
  • Promotion and advancement opportunities
  • Ongoing education to keep your technical skills sharp
  • Unique sociable culture
  • Flexible scheduling
  • Hybrid and Remote work environment
  • Dedicated FreedTIME provided to give back to the community along with several volunteer opportunities

 

AA/EOE