Income Tax Accountant

POSITION SUMMARY

The Income Tax Accountant provides support in the preparation of the Company’s tax returns and related reports, including the calculation of taxable income for tax provisions, quarterly estimates and extensions; preparation of multi-state apportionment; management of fixed assets reporting for tax return compliance, financial reporting, and forecasting; international compliance; and other related functions as needed. 

ESSENTIAL FUNCTIONS

May perform any or all of the following duties:

• Preparation and/or review of book/tax differences for use in quarterly and annual financial statement reporting of income taxes and updates as necessary for tax return preparation. Position will work with others in Accounting or other departments to obtain information needed to complete tax analysis.
• Prepares federal and state tax return work papers
• Preparation of quarterly estimated tax payment calculations for federal and state income, franchise taxes, and annual extension payment calculations
• Provide support for quarterly and annual income tax provisions, including roll forward of various workpapers from prior year (deferreds, NOL/credit carryforwards, tax accounts), calculation of blended state tax rates, and FIN48 support
• Performs initial review of fixed asset additions and retirements for tax purposes
• Quarterly review of new construction assets to ensure cost segregation study results have been implemented correctly in tax books
• Performs analysis of CIP accounts to appropriately include in tax depreciation calculations
• Prepare state and local apportionment for state and local income tax returns
• Prepare income tax federal and state returns using OneSource Income Tax
• Preparation of international tax forms within Federal tax return (e.g., 8993, 5471, 8858, 8990, 8991)
• Prepare and/or review local (city/county) tax returns and supporting workpapers
• Prepare foreign tax receipt documentation, including the reconciliation of foreign tax receipts provided by franchisees for taxes withheld on royalties and fees with the foreign taxes recorded in the tax return, by franchisee and by country. This will require contacting international franchisees to request forms, follow-up for responses, questions, and reconciliations.
• Assist with support of 1118 foreign tax credit forms for the Federal income tax return, ensuring that the FTC documentation file and 1118 support are reconciled.
• Prepare and maintain FIN48 reserves files, including quarterly interest calculations.
• Prepare responses to Federal and local regulatory agencies as needed
• Prepare General Ledger reconciliations for income tax, franchise tax, and foreign tax accounts.
• Assist with business license applications as needed
• The role will extract metadata, upload it to Hyperion Tax Provision software, import data from Hyperion Financial Management, upload it to HTP, etc.
• Conduct tax research and provide documentation as needed
• Participates in company meetings, Microsoft Teams virtual meetings, webinars, and conference calls
• Other duties and/or special projects as assigned in response to changing business conditions and/or requirements. Examples of special projects include designing and testing processes to be performed by the BOT, documenting the process, and testing and implementing.

POSITION QUALIFICATIONS/CORE COMPETENCIES

• Bachelor’s degree in Accounting required, CPA preferred
• Two (2) years of any combination of experience and/or education that demonstrates a commanding knowledge in income tax and tax provisions for multi-state in corporate tax and/or public accounting environment preferred
• Proficient in Microsoft applications: Word, Excel, and Outlook. Experience with Smartview.
• Knowledge of PeopleSoft is a plus
• Experience with OneSource Tax Provision and OneSource Income Tax is a plus.
• Must be able to work independently, handle interruptions, and shift priorities, as needed, without losing focus
• Excellent interpersonal and communication (written and verbal) skills
• Ability to manage competing priorities between statutory deadlines and due dates and CKE’s 52/53 week fiscal year
• Ability to use office equipment, such as a photocopier, scanner, and printer
• Strong work ethic; commitment to seeing duties completed at a high standard of quality

WORK ENVIRONMENT

• Restaurant Support Center operates in a fast-paced, high-volume, deadline-driven environment. The role follows a hybrid work model, requiring on-site presence in the office every Tuesday, Wednesday, and Thursday.

PHYSICAL DEMANDS

• Sitting for extended periods of time, using the telephone, typing, and/or operating a computer and/or mouse

• Occasional interaction with internal and/or external partners by phone and/or electronic communications

THE COMPANY RETAINS THE RIGHT TO CHANGE OR ASSIGN OTHER DUTIES TO THIS POSITION AS DEEMED APPROPRIATE WITH OR WITHOUT NOTICE