Tax Associate

The Accounting Associate specialize on Tax is responsible for providing support to the accounting department by performing daily accounting tasks such as recording transactions, preparing reports, and reconciling accounts. This role ensures accuracy in financial records and assistance in maintaining compliance with company policies and applicable regulations.

• Assist in the preparations of client's tax returns for individuals, corporations, partnerships, and other entities, including ITR, VAT, WHT, Percentage Tax, SLSP, QAP and other relevant filings under the BIR regulations.
• Gather , organize, and review financial records and other required documents (invoices, receipts, contracts) to ensure completeness and accuracy for tax filing
• Submit tax returns tot the BIR (and other relevant agencies) through manual or electronic filing (e-filing).
• Track and monitor tax deadlines to ensure timely filing of tax returns and payments to avoid penalties and interest.
• File other tax-related documents such as certificates of tax payments, BIR Forms 2307, (Certificate of Creditable Tax Withheld), BIR Form 1701/1702, and others as required by the client or tax authority.
• Verify the accuracy of invoices, ensuring they match purchase services and receiving documents.
• Reconcile client's statements and resolve any discrepancies.

• Prepare monthly, quarterly, and annual financial statements (Income Statements, Balance Sheet m Cash Flow Statement) for clients using an accounting system.
• Review client transactions in an accounting system to ensure that all revenue and expenses are properly recorded and classified
• Reconcile all accounts, including bank accounts, accounts receivable, accounts payable, and other financial statements accounts.
• Ensure the accuracy of trail balances and resolve discrepancies or errors in client accounts.
• Generate and review financial reports using an accounting system and ensure that they are in compliance with accounting standards and company policies.
• Prepare adjusting entries in the accounting system and ensure that financial statements are reflect true financial performance.
• Assist in the review of financial data to ensure completeness and accuracy before finalizing reports.

• Manager general ledger entries in the accounting system for clients, including posting transactions, adjusting entries, and categorizing expenses and income.
• Process client invoices, payroll entries, receipts, and other accounting documents.
• Maintain accurate and up-to-date financial records for clients in the accounting system, ensuring all transactions are recorded on a timely basis.
• Track and reconcile VAT and other tax-related transactions, ensuring accurate reporting for tax filings.

• Communicate with clients to gather financial data, clarify discrepancies, and provide status updates on financial reporting.
• Offer guidance to clients on financial reporting best practices and recommend improvements to accounting processes.
• Respond to client inquiries regarding financial statements, bookkeeping issues, or tax-related matters.

• Ensure accurate and organized filing of financial records, supporting documentations, and tax-related documents in accordance with the regulatory requirements and firm policies.
• Maintain a secure system of storing financial data, ensuring all information is protected an accessible only to authorized personnel.
• provide detailed audit trails for all transactions ensuring that proper documentations exists for all financial reporting.

• Demonstrate proficiency in accounting software and Microsoft Excel.
• Utilize accounting software to perform tasks such as data entry, report generation, and reconciliation.

• Work closely with senior accountants and other team members to ensure coordinated workflow between bookkeeping, financial reporting, and tax preparation functions.
• Collaborate with the tax team to ensure that financial data aligns with the tax reporting requirements.
• Assist in the preparation of client budgets, financial forecasts, and projections when requested by the senior management or client.

 H.  Other tasks deemed necessary to be done as per assignment by the Supervisor / Manager.

• Bachelor's Degree in Accountancy, Finance, or a related field.
• At least 6 months to 1 year of experience with Accounting Firm handling Tax/Accounting and bookkeeping.
• Knowledge of BIR tax regulations, basic accounting principles and procedures.

• Proficiency in Microsoft Excel and accounting software (e.g. QuickBooks, Xero and other Accounting software).
• Strong attention to details and high level of accuracy
• Ability to handle confidential information with integrity.
• Excellent organizational and time management skills.
• Good analytical and problem-solving abilities.
• Effective verbal and written communications skills.

• Team player with a proactive attitude.
• Willingness to learn and adapt in a fast-paced environment
• Ability to work independently with minimal supervision.