Tax Specialist

The Tax Specialist plays a crucial role in ensuring the financial health and compliance of an organization by handling all tax-related issues. This position involves meticulous preparation and filing of tax returns, advising clients or management on the tax impacts of various corporate strategies, and ensuring adherence to the latest tax regulations. The Tax Specialist is expected to be highly knowledgeable about both federal and state tax codes, and must stay up-to-date with changes in legislation. Communicating complex tax information to stakeholders in an understandable manner is also a key part of the role. In addition, strategic tax planning, research, and analysis are significant aspects, requiring a blend of analytical skills and practical financial expertise to implement tax-saving initiatives effectively. Given the complexity and importance of tax management, a Tax Specialist must be diligent, detail-oriented, and possess strong problem-solving capabilities. Overall, this role is imperative for safeguarding an organization’s fiscal integrity while optimizing its tax liabilities.

Responsibilities

• Prepare and file complex corporate tax returns in a timely manner.
• Analyze tax regulations to ensure compliance with federal and state laws.
• Advise management on tax strategies to minimize tax liabilities effectively.
• Research current tax issues and legislation for informed decision-making.
• Collaborate with auditors to facilitate accurate and complete tax audits.
• Develop strategic tax plans to improve the organization’s fiscal outcomes.
• Identify tax savings opportunities by analyzing financial statements and reports.
• Communicate intricate tax concepts to non-specialist stakeholders clearly.
• Conduct thorough risk assessments to prevent potential tax-related issues.
• Maintain detailed tax records and documents for future reference and audits.
• Assist in resolving tax disputes with taxing authorities professionally.
• Update internal policies to reflect any changes in tax legislation promptly.

Requirements

• Bachelor's degree in Accounting, Finance, or related field is required.
• Certified Public Accountant (CPA) designation preferred but not mandatory.
• A minimum of 3 years experience in tax accounting or related roles.
• Proficient in using tax preparation software and Microsoft Office Suite.
• Exceptional analytical and problem-solving skills with keen attention to detail.
• Strong communication skills for discussing tax matters with stakeholders.
• Up-to-date knowledge of current tax laws and regulations is essential.