Business Tax Preparer

Job description Business Tax preparer:

A US Tax Preparer is a professional responsible for assisting individuals and businesses in preparing and filing their federal and state tax returns. Their primary role is to ensure that clients comply with tax laws while minimizing their tax liability through proper deductions and credits.

Key Responsibilities:

Tax Preparation:

Prepare individual and business tax returns (1040 Individuals, 1120-S, 1065 Partnerships Tax Returns, etc.) accurately and in compliance with federal, state, and local tax regulations.

Client Consultation:

Meet with clients to gather necessary tax information, review financial records and understand their financial situation to ensure accurate filings.

Tax Research:

Stay updated on tax laws, regulations, and new tax reforms to advise clients on changes that could affect their tax filings.

Tax Planning:

Provide guidance on potential tax-saving strategies, such as deductions, credits, and retirement planning.

Filing Returns:

File tax returns electronically or manually, ensuring timely submission to avoid penalties or interest.

Audit Assistance:

Assist clients with any IRS audits, including responding to requests for additional information or documentation.

Documentation and Record Keeping:

Maintain accurate records of client files, tax returns, and any supporting documentation in compliance with tax laws.

Client Communication:

Communicate with clients to explain tax laws, their tax positions, and any potential tax liabilities.

Compliance:

Ensure all tax filings are compliant with current IRS and state guidelines, filing deadlines, and laws.

Required Skills and Qualifications:

Education: Typically requires a high school diploma, with many tax preparers having a background in accounting or finance. Some may pursue certifications such as the IRS Enrolled Agent (EA) or Certified Public Accountant (CPA).

Experience: Previous experience in tax preparation is preferred, but on-the-job training is often available.

Knowledge of Tax Software: Proficiency with tax preparation software (e.g. Drake and Pro Series) and Microsoft Office Suite.

Attention to Detail: Ability to review and analyze financial data for accuracy.

Communication Skills: Strong verbal and written communication skills to interact with clients and explain complex tax concepts clearly.

Work Environment:

Tax preparers may work in accounting firms, tax preparation companies, or as independent contractors. During peak tax season (January to April), work hours may be longer.

Additional Considerations:

Ethics and Confidentiality: Tax preparers must adhere to ethical guidelines and maintain client confidentiality at all times.

Continuing Education: Due to frequent changes in tax laws, tax preparers are often required to complete continuing education courses to stay current on tax laws and maintain certifications.

Mandatory Night Shift 8:30pm to 5:30am IST on-site.

Location - Gachibowli, Hyderabad.

• For any queries contact HR - 6302943259