What are the responsibilities and job description for the Tax Accountant position at Foley & Lardner LLP?
Overview
Foley & Lardner LLP is a great place to work because of what we do and how we do it. Here, your unique perspectives, experiences, and abilities will be embraced and developed, so you can excel. Being a part of Foley means having the opportunities and resources necessary to gain experience, advance professional goals, and forge meaningful connections. It’s a place where you can build your career and enjoy professionally satisfying work. We have over 2,300 people who are #HappyatFoley, and we think you will be too.
Foley & Lardner LLP is currently seeking a Tax Analyst to join our Tax Accounting team. The Tax Analyst supports the preparation of the Firm’s federal partnership tax return and oversees state individual composite and state partnership tax filings. The role is also responsible for sales and use tax filings in various states, as well as maintaining the Firm’s fixed asset system, including preparing and filing required property tax returns.
Responsibilities
- Prepares/manages federal, state composite and state partnership tax returns
- Assists senior manager with non-income tax compliance including sales and use tax, personal property tax and business licenses
- Plans for and develops overall return calendar and coordinates timing and inputs with tax team
- Provides support with various audits and special tax related projects
- Prepares & reviews support spreadsheet for federal tax return
- Analyzes expense accounts and separates into categories
- Determines deductions for charitable contributions, gifts, membership dues, etc
- Prepares & files tax return extensions and estimated payments timely & accurately
- Participates in calculation of Schedule M-1 adjustments for tax return
- Maintains and reconciles the fixed assets using Sage Fixed Asset software
- Calculates depreciation expenses at year end, including disposals and additions
- Prepares and files various state filings (i.e. annual LLP renewals, Ohio CAT tax, etc.)
- Calculates preliminary & final income apportionment percentages for the Firm’s partners
- Monitors changes of the Internal Revenue Code and applicable state tax laws
- Calculates estimates of composite taxes due from departing partners
- Assists with special projects as needed and performs other related duties as assigned
Qualifications
- Bachelor’s Degree required preferably in Accounting, Finance, or related field
- Minimum of two (2) years of tax accounting experience required including expertise with both individual and partnership tax
- Advanced proficiency in Microsoft Office Suite required
- Prior experience with Sage Fixed Asset software desired
- Prior experience with sales and use and personal property tax preferred
- Strong interpersonal communications with all levels of personnel #LI-Hybrid
In support of transparency and equity in the workplace, Foley provides salary ranges for all positions. The figures below represent the full compensation range of this position. The actual offered amount will be between the range minimum and midpoint based on the following factors: education, experience, geographic market, and internal pay equity at Foley.
Chicago - $85,300 to $119,400
Salary : $85,300 - $119,400