Intermediate/Senior Accountant

The Intermediate/ Senior is responsible for drafting and completing BAS/IAS, Financial Accounts and Income Tax Returns, drafting email for client’s ad hoc tax queries and other compliance/tax related advisory for Senior operating staff and partner review.

It is important that they demonstrate initiative and sound technical to deliver quality job, ensure maximum utilisation of their own time on assignment and completion in line with time and budgetary requirements.

Seniors may also assist the partner in the performance of special assignments and reports as and when required.

Primary Responsibilities

1. Business Services

  • Importing accounting data from client’s accounting software/ bank statements/ other source documents;
  • Preparing quality workpapers based on company’s workpapers requirements with complete and straight forward references;
  • Reconciling Balance Sheet accounts;
  • Posting year-end general journals to meet statutory requirements/ as per client’srequirements;
  • Preparing Financial Accounts with proper notes for Companies, Trusts, Partnerships, SMSF inaccordance with accounting standards;
  • Resolving manager and partners review notes;
  • Preparing EOFY journals;
  • Preparing monthly payroll report with correct salary figures, tax withheld, super and leaveaccruals;
  • Assisting with payroll and super lodgement;
  • Single Touch Payroll reporting and year end finalisation;\
  • Preparing of Payment Summary Statement;
  • Liaison with regulatory bodies (ATO, ASIC, Revenue offices, etc)
  • Preparing and lodging ASIC reports via ASIC agent portal;
  • Preparing and lodging Tax reports via ATO agent portal;
  • Client correspondences (ATO, ASIC letters, tax updates etc.)
  • Entities set up – Trust Deed, constitution, ABN and TFN application;
  • Preparing accountant letters per client’s requirements
  • Draft billing and WIP analysis
  • Any ad hoc tasks

2. Tax

  • Drafting and completing Income Tax Returns for Companies, Trusts, Partnerships, SMSF and Individuals in accordance with latest tax legislations
  • IMPORTANT : please note the following regarding tax knowledge – intermediate candidates may not have extensive experience but they should have basic knowledge and general understanding of the concepts and be able to apply the knowledge to actual cases with proper guidance and instruction.
  • Income Tax
    • Assessable income and allowed deductions
    • Tax reconciliation and tax effective accounting
    • Tax consolidation
    • Tax provision calculation
    • Deferred tax*
    • PAYG instalment
    • Tax offsets
  • Goods & Services Tax
    • Preparing Business Activity Statement/ Instalment Activity Statements
    • Taxable Supplied, GST free and Input-taxed
    • Reduced credit purchases*
    • GST withholding*
    • GST grouping
  • Employment related Tax
    • Withholding tax (PAYG withholding)
    • Fringe benefits tax (FBT)
    • Employment Termination Payments (ETP) calculation *
    • TFN application and declaration
  • Superannuation
    • Contributions
    • Pension payments and Members benefits (Transfer Balance Cap)
    • Superannuation compliance requirement
  • Capital gains tax:
    • Common CGT knowledge (CGT assets, CGT event and exemptions)
    • Capital Losses
    • Small business CGT concessions*
    • CGT rollover and exemption*
  • Small Business Tax:
    • Div7A private company benefits;
    • Simplified Depreciation
    • Trust and Estate planning;
    • Trust distribution;
    • Family Trust Election (FTE)
    • Commercial debt forgiveness*
    • Commercial losses*
  • State Tax
    • Payroll Tax calculation and Annual Payroll Tax Reconciliation
    • Land Tax and Land Tax Surcharges
    • Stamp Duty *

  • International Tax

    • Tax residency
    • International tax Dealings*
    • Withholding taxes*
    • Thin capitalisation*

3. Accounting

  • Updating accrual models and posting journals;
  • Complete month end and drafting management reports;
  • Maintaining Fixed Asset Registry and Amortisation schedule;
  • Maintaining quarterly debt services and distributions;
  • Posting AR & AR, payroll as per requested
  • Bank Payment processing.

4. Client Liaison

After an agreed employment period:

  • Demonstrate a high standard of professional appearance and approach in dealing with clients.
  • Demonstrate superior communication skills, both written and oral.
  • Develop a thorough understanding of the client’s business and the commercial environment in which they operate.
  • Wherever possible identifying areas where we can add value to the client’s business by providing advice designed to improve processes, reduce expense or enhance income growth.
  • Take a proactive role in liaising with the client or their staff by phone, e-mail or in person, to ensure that you build their trust and confidence in the company.
  • Ensure that any commitments made to clients are followed up and met in line with the expectation of the client.
  • Be sensitive and responsible to concerns raised by clients to ensure that these issues are dealt with promptly, professionally and effectively.
  • Ensure that the senior operating staff and partner are kept informed of any issues which may impact negatively upon a client relationship.

5. Professional and Technical Skills

  • Depending on experience at start of employment:
  • Display good knowledge and understanding of Australian reporting requirements, especially
  • Accounting Standards, the Corporations Act 2001, Tax legislations and rulings. Apply these standards/ legislations in practical situations.
  • Use common knowledge and professional judgment in completing engagements;
  • Apply such knowledge to accurately prepare financial reports and tax returns;
  • Be familiar with the preparation and presentation of consolidated tax returns;
  • Demonstrate a solid tax knowledge covering direct tax and indirect tax, federal tax and state
  • tax, international taxes.

Keep yourself up to date on technical issues such as:

  • Changes to legislation and/or its application.
  • Changes in reporting requirements, etc.

6. Computer Skills

  •  Demonstrate a good working knowledge of:
    • Word
    • Excel
    • MYOB Accountants Enterprises
    • Solution 6
    • Xero
    • BGL Simple Fund
    • CCH iKnow
  • Be efficient in your use of these products, including:
    • Ensuring that you are properly trained in all products you use
    • Using shortcuts wherever possible
    • Establishing standards to be copies and re-used
    • Using existing templates/standards

7. Other General Areas

  • In performing your work, ensure that you adhere to the requirements of the following:
    • Company’s typing policy
    • File naming conventions
    • Other work paper requirements which may include:- Layout of work papers  – File set up
      – Letters
      – Spreadsheets, etc
  • Be aware of your budgeted chargeable units per day and the total units per day and the total units per day for completing timesheets. Intermediates and Seniors are expected to charge 90% of their total units per day.
  • Ensure that you keep comprehensive daily records of time spent, particularly when at client premises, as the basis for completing timesheets.
  • Consistently submit timesheets that are fully and accurately completed by the due day and time each week.
  • Participate effectively in all meetings, from divisional/team meetings, to other firm meetings. Ensure that you complete the action points assigned to you and meet the deadlines set.
  • Actively participate in the firm’s training programmes, ensuring that you are proactive in demonstrating the skills taught on the job.
  • Be proactive in developing good relations with other staff in the division, ensure that you participate effectively as part of the team, understanding your role and the roles of others.

Apply for this position

Allowed Type(s): .pdf, .doc, .docx