Inhouse Partnership Tax Manager
1 month ago
About the Role
RSM is seeking a highly skilled Tax Manager to join our in-house tax team. As a key member of our National Finance Office, you will be responsible for delivering a premium service to our internal stakeholders, ensuring that tax compliance matters for 10 RSM LLPs and circa 400 partners are completed on time and accurately.
Key Responsibilities
- Liaise with RSM's IT development team to update and continually develop and improve portals made available to RSM partners through which they provide tax information to the in-house tax team.
- Prepare a yearly template tax calculation used to identify partners' tax reserves on annual drawings.
- Review 10-yearly partnership tax computations prepared by our Corporate Reporting team, forwarding to the Head of Professional Practices for review, and subsequently discussing with the CFO to sign off.
- Provide feedback and training to the Corporate Reporting team on the partnership tax computations prepared.
- Prepare tax reserve calculations for all RSM partners on their total income by mid to late September to include in their yearly current accounts.
- Prepare partnership tax returns for review and approval and submit to HMRC.
- Review circa 400 RSM partner tax returns before issuing to partners for review and approval.
- Prepare partnership tax liability cashflow forecasts.
- Co-ordinate and review the payment of income tax on behalf of the partners in January and July each year, via composite tax payment.
- Liaise with the Finance Partner to answer any queries on partners' tax reserve balances during the yearly reconciliation process of partner current accounts in February and March.
- To be familiar with the RSM LLP Members Agreement and understand its financial implications.
- Liaise with the Finance Partner; review RSM partners' position in relation to HMRC's Salaried Member rules; and report to the CFO and Finance Partner findings and recommended actions.
- Provide ad-hoc tax advice to partners.
- Respond to HMRC enquiries.
- Provide assistance, where required, on partnership withholding tax claim forms.
- Prepare a yearly charity repayment claim and two trust tax returns.
- Prepare policy documentation for risk management and process improvement purposes, in relation to RSM partnership and partners' tax.
- Delegate work to the Partnership Tax Assistance as appropriate and be mindful of their career development needs.
- Meet CPD requirements.
- Develop an understanding of the firm's culture and strategy and how change is achieved, whilst being a custodian of the firm's values.
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