The posting
Position Summary and Responsibilities:
Primary responsibility for preparing supporting workpapers for the Company’s federal and state Franchise and Income tax returns. Actual tax return preparation and filing is handled by a third party. Supporting the following indirect tax areas as needed to ensure integration between all areas of tax across the Company:
Sales and Use Tax Real Estate Personal Property
Multi-state environment currently filing returns in 23 states. Preparation and filing of quarterly estimated income tax payments to IRS and various state jurisdictions. Ensure that annual income tax provisions are timely and accurately prepared in accordance with GAAP/ ASC 740 and other authoritative guidance related to accounting for income taxes. Preparation of year-end tax LIFO calculations under the IPIC methodology (using both preliminary indexes for the audit and final indexes for the filing of the federal income tax return). Represent the Company in tax audits through interaction with outside auditors. Develop and maintain systems to support internal tax compliance and timely, accurate filing of returns. Conduct or coordinate Federal and State research and planning activities including such areas as assessing the impact of new legislation, accounting methods or pronouncements. Oversee various tax planning activities such as cost segregation studies and valuation appeals. Identify and implement new tax planning opportunities such as applicable federal and state credits under direction of senior management. Work in partnership with other financial and accounting roles to ensure implementation and testing of SAP, particularly surrounding support systems for fixed assets. Assist Director of Tax in serving Company owners in personal tax planning matters including:
Quarterly estimated tax payments, Annual income tax filings with IRS and state jurisdictions (if applicable), Annual W-2 packages for household employees, Quarterly Texas Workforce Commission filings for household employees, and Other ad hoc tax projects as they arise.
Skills/Proficiencies:
Effective oral and written communication skills. Effective at managing, training, mentoring and developing staff. Proficient in Microsoft Word, Power Point, and Excel. Highly efficient, organized, reliable and resourceful professional with practical experience and understanding of processes. Ability to work independently, multi-task and prioritize in a fast-paced environment. Experience in strategic planning, execution and managing external relationships.
Education and/or Work Experience Requirements:
Comprehensive knowledge and technical expertise of authoritative guidance for state & local, property, excise, and federal taxes in a multi-state environment. Strong knowledge of accounting for income taxes under GAAP/ ASC 740. Competent in utilizing standard business, tax, and accounting software applications. Requires technical tax, general accounting, and business operations knowledge. Related industry experience with distribution or consumer products industry a plus.
Relevant Experience:
Filing of federal and state income tax returns. Coordinating state income tax compliance by developing, training, and implementing guidelines and systems. Managing tax audits and supporting audit information document requests (IDRs). Research, interpretation and application of ASC 740 and related guidance in support of annual financial audit. Preparation of supporting tax schedules and income tax returns. 5-7 years tax experience in public/private accounting. Knowledge of Federal, State and Local corporate tax matters.
Physical Requirements:
Ability to safely and successfully perform the essential job functions consistent with the ADA, FMLA and other federal, state and local standards, including meeting qualitative and/or quantitative productivity standards. Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other federal, state and local standards Must be able to lift and carry up to 20 lbs.
