In-house Partnership Tax Accountant

Opportunity in a Prestigious Law firm. 

This firm seeks a Tax Professional to join them. 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 role:

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 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