Mills & Reeve are seeking a Partnership Tax Accountant to join a high performing finance team and further your career in an ambitious and growing top 50 national law firm.
The role
Reporting to the firm's CFO, this role is crucial in providing tax services to the business owners of our partnership. The key activities will include preparing partner tax returns, computation of LLP tax return, offering tax advice and support to partners and advising the business as needed on related tax issues.
The activities
Partnership Tax Compliance
* Prepare and review partnership tax returns, ensuring compliance with UK tax laws and regulations
* Assist in the preparation of tax computations, reserves, and payment schedules, including amendments to estimated prior year returns where required, computing taxes owed or overpaid, and dealing with any related personal tax issues
* Creating and maintain control schedules to ensure completeness of population for whom personal tax returns are required and record where responsibilities sit if not with the in-house team
* Maintain and record the progress and status of tax returns, including tracking information received from partners to determine additional information needed
* File personal tax returns and provide partners with submission reports
* Preparation of annual PSA submissions and arranging for PSA tax payments to be made
* Build strong relationships with partners at M&R, providing tax planning and consulting services as required and within agreed parameters
* Advise on the tax implications of business decisions
* Provide advice and support on the tax implications of leaving and joining the LLP to Partners
* Promptly registering partners as self-employed for National Insurance and ITSA purposes and putting authorisations in place with HMRC
* Preparing banking instructions and supporting schedules in relation to payments, e.g. to HMRC
* Prepare aide memoires to send to partners at the start of the new tax year
Other tax related support
* Assisting M&R with tax related ad hoc projects
* Review and preparation of capital allowances where relevant, working with external advisors as required
* Identify and manage tax risks. Ensure that the firm and its partners are fully aware of their tax obligations and the potential risks associated with non-compliance
* Liaison with partners, former partners and third-party agents or advisers as required
* Analyse income and expenditure to assist in the preparation of the firm's business tax computation, working with the accounts team, external advisors and tax team as required
* Provide ad hoc cover for the Partnership Tax Consultant role and provide support at less busy points in the personal/business tax compliance cycle, including VAT support, as required
* Support the firm in developing its tax governance and controls processes and documentation, in line with regulations as we grow
* Prepare regular reports for senior management on key tasks in the tax year cycle and in advance of the tax payment dates
* Provide specific guidance to partners on tax related matters on request and issue general partner guidance on current tax issues where there may impact on partners
Qualifications
* Proven experience in a similar role within an LLP or a professional services firm
* Strong knowledge of UK tax laws and regulations, particularly those relating to LLPs
* A professional accounting qualification (ACA, ACCA, CTA, or equivalent) is required
The person
The role additionally requires someone who:
* has prior experience with partner tax returns and knowledge of UK compliance
* possesses meticulous attention to detail
* is self-managed and confident in setting and prioritising their own work agenda
* has excellent communication and interpersonal skills
* has strong analytical and problem-solving abilities
* can convey complex matters in a way that different audiences can understand
Our business services career structure
Here at Mills & Reeve our business services career structure has five levels and a clear progression framework. This role fits within the Advisor/Manager level of our framework, and the job description includes the types of activities expected for this type of role. If you'd like more information on our career structure, our HR team will be happy to provide further details
The benefits
As you'd expect, we offer a competitive salary and a wide range of benefits. Click here to find out more about our core benefit offering.
Pre employment screening
If we offer you a role, we will conduct comprehensive pre-employment screening. This screening will include, but is not limited to, a basic DBS, verification of your right to work, a three year employment history and a self-declaration to assess your character and suitability for the role. Full details of our pre-screening employment process are available upon request.
The firm
Mills & Reeve is centred on achieving more for clients, their businesses and the wider communities we serve. Our clients and their industries benefit from our knowledge and learning, and receive consistent experiences with no surprises. We tell them what they need to know when they need to know it.
We build personal relationships, with advice individually tailored to individual need. And if clients need things we don't offer, we draw on our network to give recommendations. Our 1,250 plus people and over 750 lawyers share one vision - achieving more for clients.
By joining Mills & Reeve, you'll have the chance to build your skills and experience within a firm that's not only ranked in the top 50 UK law firms, but also one that truly values their people. Our mantra is "Achieve more. Together.", which we feel embodies our purpose and is more than just a catchphrase! We're also ranked in the Sunday Times Best Places to Work list, and were recently awarded Platinum Investors in People.
and finally
Everyone at Mills & Reeve brings a unique perspective and ideas to the team and we do everything we can to help each person to thrive. We're committed to providing an inclusive and supportive working environment, are happy to consider flexible working arrangements, and want to achieve the right balance for both our people and the firm. We encourage everyone to ask if they feel they need any workplace adjustments, and will do our best to support with these.
To find out more about our diversity and inclusion work, visit our website. #J-18808-Ljbffr