Satellite Office Careers

• 2 – 3+ years work experience in a Chartered Accounting practice. (Australia)

Quality of Work

•     Focuses on delivering high quality work with minimal errors.
• Understands accounting standards and application.

Technical Expertise

• Able to complete income tax returns for individuals, company’s, trusts, partnerships and super funds within the assigned deadline and productivity target.
•     Preparation of income tax returns:
  • Prepare reconciliation of net profit to taxable income noting permanent and timing differences and calculate the tax payable.
  • Perform relevant calculations and complete schedule.
  • Recognise capital gains transactions and calculate liability (with supervision for small business CGT concessions and business sales).
  • Identify the correct tax treatment for prepayments, accruals and provisions.
  • Identify the required tax adjustments, accurately calculate tax liability for the year and recognise instalments already paid
• Knowledge of superannuation including taxation and regulatory issues
•    Able to identify if the client has complied with the superannuation guarantee.
•    Able to prepare annual workers compensation reconciliations.
•    Able to prepare annual payroll tax reconciliations.
•    Able to prepare Business Activity Statements (BAS).
•    Able to prepare Fringe Benefit Tax (FBT) returns including the calculation of liability from the information provided by the client.
•    Uses the company's work paper procedures and is able to provide documentation to support the return.
•    Understands the cash versus accruals basis of accounting. 
•    Prepares accurate financial accounts without direction and with minimal review points.
•   Able to identify any inconsistencies in the current year balances through comparative analysis on balance sheet items.
•   Able to prepare financial statements from an adjusted trial balance, including profit and loss statements, balance sheets, cash flow statements and statements of retained earnings.
•   Ability to access and research information, including the use of electronic sources (Thomson Reuters on-line and the OSR and ATO websites).
•   Knowledge of business operations, structures and the dynamics of how they interact.
•   Distinguish between the treatment of hire purchase agreements and leases and reconcile movements.
•   Be able to complete GST reconciliations by accessing monthly/quarterly GST reports from the relevant accounting software and prepare activity statements on both cash and accruals basis.
• Good understanding of the application of GST and when it does and does not      apply.
•    Identify and verify all common tax sensitive items (e.g. legal fees, entertainment, R & M, fines and penalties, etc.).
•    Reconcile movements in shareholder loan accounts, identify any division 7A debit loan issues and provide suggested solutions to resolve debit loan accounts. 
• Able to identify common taxation compliance issues such as Division 7A,     alienation of personal service income issues, and non-commercial loss provisions.
•     Broad understanding of income tax (and allowable measures to reduce tax), family tax benefit, company tax, fundamentals of trust law and superannuation provisions
• Good understanding of various entity structures and the tax implications of each.
• Understanding of where to locate required information from third parties required for the completion of client work (including ATO, OSR etc.).