Tax Senior Manager, ASC

Job Description

The Core Tax Services (CTS) Senior Manager – ASC
740 is responsible for advising clients on the tax implications of their business objectives, evaluating and selecting alternative actions to lessen tax burden and cost of compliance, identifying different methods of complying with tax regulations while acting as the primary client contact for complex corporate tax and ASC 740 tax issues. In this role, the Core Tax Services Senior Manager is charged with applying knowledge to understand potential tax issues and recognizing and communicating potential risks and potential changes in the tax policy.

In addition, the Core Tax Services Senior Manager will be involved in the marketing, networking and business development within an area of expertise and specialization and may be asked to provide written tax advice to clients.

The CTS Senior Manager – ASC
740 is responsible for advising clients on the tax implications of their business objectives, evaluating and selecting alternative actions to lessen tax burden and cost of compliance, identifying different methods of complying with tax regulations while acting as the primary client contact for complex corporate tax and ASC 740 tax issues. In this role, the Senior Manager applies knowledge to understand potential tax issues and communicates potential risks and potential changes in tax policy.

The Senior Manager will also be involved in marketing, networking and business development within an area of specialization and may be asked to provide written tax advice to clients.

• Tax Compliance
• Ensures both that (a) clients comply with all applicable authorities, while at the same time minimizing their tax and reporting burdens, and (b) self and client service teams comply with all Firm policies, standards, and the BDO Tax Quality Manual (TQM)
• Conducts top level review of T/R and resolves all tax issues with client; involves specialists where appropriate
• Communicates with client and Assurance any issues identified in tax accrual reviews
• Plans and reviews the tax process and the procedures to be performed to include:
  Budgeting and staffing;
  Monitoring engagement process and actual time incurred vs. budget with assistance of Senior;
  Timely billing including management of identified out-of-scope activity and communication to client;
  Timely collection of A/R
• Manages client relationships/expectations in accordance with the project
• Provides advice to clients in a timely manner

• Research
• Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
• Identifies complex issues to be researched by engagement team and provides research methodology for efficient research processes
• Trains managers/staff on research skills and helps to appropriately frame ASC 740 tax issues for analysis
• Involves firm specialists, as appropriate

• Correctly and proactively applies Firm policies, standards, and the BDO Tax Quality Manual (TQM) regarding ASC 740
• Applies ASC 740 and Firm policies, standards, and BDO TQM; explains components of the income tax provision and uncertain tax positions to the client as well as other complexities surrounding ASC 740
• Communicates with Assurance team to timely plan tax accrual reviews, including budget, scope and delivery dates
• Reviews tax provisions—applies in-depth knowledge of ASC 740
• Reviews prepared work papers
• Utilizes and manages Special Tax Services (STS), as needed

• Tax Consulting
• Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients’ current and future taxes
• Considers the applicability of CTS and STS consulting specialties for each client
• Develops and implements a work plan to include/organize the STS assistance on ongoing projects from client
• Serves as a technical resource
• Ensures client service teams comply with Firm policy regarding Written Tax Advice (WTA)
• Provides effective assistance with exam support
• Frames projects and issues for effective delegation to seniors and associates

• Tax Specialization
• Develops an in-depth…