The Senior Tax Manager position is responsible for Corporate Income Tax, State Sales Tax and State Tobacco Tax reporting for our Business to Business (B2B) and Business to Consumer (B2C) US entities.
This role also serves as a business partner for Directors and Managers within the organization, advising them of current regulatory requirements and working with them to ensure the Company's compliance.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties will be assigned.
Corporate Income Tax
Intimate knowledge of the corporate tax issues facing a multinational US company (not publicly traded) especially in the areas of tax compliance, and tax accounting. Most of the following information will be provided to external provider for corporate tax return preparation.
- Maintain position of multi-state PL 86-272 election. Recognize changes within the organization that create an economic presence and work with Director and external tax consultants to establish Economic Factor for Apportionment.
- Prepare current and deferred income tax provision calculations including prepare journal entries, reconciling current tax payables and substantiating deferred tax assets and liabilities for US jurisdictions. Work with Finance department to obtain year-end trial balances, sales by state, balance sheet reconciliations, fixed asset roll forward, etc.
- Work with Finance department on fixed assets, to understand additions and retirements. Build and maintain proper book to tax depreciation schedules; create plan to build tax schedule in SAP for use.
- Create US Consolidation and maintain investment and equity roll-forward. Guide Finance department with basis journal entries to ensure changes to paid in capital or dividend is properly recorded.
- Review Form 1099s prepared by Finance staff for appropriateness, accuracy and timely filing.
- On an annual basis, update Transfer Pricing Information for US entities. Request data from Finance department for Form 5472, analyze for accuracy and prepare forms. Prepare 263A UNICAP calculation.
- Effectively manage federal and state income tax return process including returns, estimates and extensions outside advisors. Arrange and manage audits as required.
- Update Accumulated Earning and Profits (E&P) for consideration of dividend.
- Hire, train, and work within a team to encourage improvement and innovation; and coaching staff including providing timely meaningful feedback.
State Sales Tax and Tobacco Tax Reporting
We're leading the way within our industry as a technology-enabled US Distributor providing value through digitization, automation and increased efficiencies; made possible by equipping our employees and external business partners to succeed in a world where transactions are faster, more complicated and require a deeper level of sophistication.
Our B2B ERP system is SAP and have customized RICEFs for State tobacco tax reporting associated with tobacco tax license management. Our B2C as a remote seller include multi-state tobacco and sales tax on Big commerce platform. Our B2C retail stores are on LS retail with Avalara.
- With information of change in state tobacco tax regulation and with the knowledge of our product profile, run tax reports in software provider's portal, identify errors and determine cause of any inconsistency in tobacco tax reports. Work with software provider in remote sales area to identify, test and resolve inconsistent tax calculations.
- Participate on monthly industry calls with Industry legal counsel and tax advocate who works directly with Federation of Tax Administrators (FTA) to learn of current developments for remote sellers of our product.
- Monthly review of the Accounting and Excise Tax Associate state tobacco tax returns; and state sales tax returns for remote sales.
- Active participant of implementation team of new B2C Retail software. Work side-by side with Director of Tax to guide Avalara implementation for Sales tax and tobacco tax. Prepare necessary documentation to define tax basis; to solidify understanding for employees and consultants, and to institutionalize for future requirements such as changes in tax rates, additions of tax caps, etc.
- Responsible for annual Tangible Personal Property Tax Reporting.
- Keeps up to date on information and technology affecting functional area(s) to increase innovation and ensure compliance.
REQUIRED SKILLS AND KNOWLEDGE
- Uphold Code of Ethics. Build and maintain trust of internal and external stakeholders. Very hands on, with ability to delegate. Flexible, mature team-player with the ability to make decisive decisions.
- Strong analytical and organizational skills.
- Acute understanding of business process flows and related internal controls.
- Intermediate working knowledge of Excel, using functions VLOOKUP , PivotTable, etc.
SUPERVISORY RESPONSIBILITIES
This position is indirectly responsible for all employees with in the division.
EDUCATION and/or EXPERIENCE
- Bachelor's degree in accounting with at least 5 years of experience in accounting / tax compliance within a public accounting firm and/or an international company.
- Minimum 5 - 10 years of experience with progressively increasing responsibilities.
- Industry experience a plus, but not required.
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