Tax Specialist Job Description Template
The Tax Specialist is responsible for preparing and filing taxes for individuals and businesses. They must have a strong understanding of tax law in order to ensure that their clients are compliant with all local, state, and federal regulations. The Tax Specialist must be able to effectively communicate with clients in order to gather all the necessary information for tax preparation. They must also be able to keep up-to-date on changes in tax law so that they can advise their clients accordingly.
Tax Specialist Job Responsibilities
- Prepare and file tax returns for individuals and businesses
- Keep up to date on changes in tax laws and regulations
- Advise clients on the best way to minimize their tax liability
- Represent clients before the IRS or state tax authorities, if necessary
- Prepare tax planning strategies for clients
- Review financial records to ensure accuracy and compliance with tax laws
- Stay abreast of new developments in the field of taxation
Objectives
- To ensure that all tax information is up to date and accurate
- To liaise with clients and HMRC in relation to tax matters
- To provide support and advice on tax planning for individuals and businesses
- To prepare and submit tax returns
- To calculate tax liability and advise on payment of taxes
- To keep abreast of changes in taxation legislation
Tax Specialist Job Skills & Qualifications Needed
- A tax specialist should have a strong understanding of tax laws and regulations. They should be able to prepare and file tax returns accurately and in a timely manner. They should also be able to research and resolve complex tax issues. Strong analytical and problemsolving skills are essential, as is the ability to effectively communicate with clients and other professionals. A bachelor’s degree in accounting or a related field is typically required, and many employers prefer candidates who have earned professional certification, such as the Certified Public Accountant (CPA) designation.