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Internship

State & Local Tax Associate - Summer 2024 - New York City

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BDO USA

2mo ago

🚀 Summer Internship

New York

AI generated summary

  • Bachelor’s degree in Accounting required, with preference for Master’s degree in Accounting or Taxation. Previous internship in accounting or public accounting preferred. Proficient in Microsoft Office Suite. Strong analytical, communication, and organizational skills. Ability to work independently or in a group setting, meet deadlines, and handle multiple projects simultaneously. Basic knowledge of tax standards, filings, and accounting theory.
  • The State & Local Tax Associate will conduct research on tax issues, prepare tax returns, assist with compliance requirements, provide tax consulting services, utilize tax-related software, specialize in SALT tax benefits, analyze tax implications for strategy development, and ensure adherence to industry standards and firm policies.

Summer Internship

Accounting & TaxNew York

Description

  • The STS SALT Associate will be responsible for basic research and analysis of state and local tax (SALT) issues, along with utilization of tax software in the completion of basic tax returns and other tax filings and documents. In this role, the STS SALT Associate will have the opportunity to utilize his / her educational background while working side-by-side with more experienced Tax members who will provide direction and coaching related a range of state and local tax laws and resources.

Requirements

  • Education:
  • Bachelor’s degree in Accounting, required
  • Master’s degree in Accounting, preferred
  • Master’s degree in Taxation, preferred
  • Experience:
  • Prior internship or other work experience within an accounting setting or public accounting, preferred
  • Software:
  • Proficient in the use of Microsoft Office Suite, specifically Word, Excel and PowerPoint, required
  • Other Knowledge, Skills & Abilities:
  • Excellent verbal and written communication skills
  • Strong analytical and basic research skills
  • Solid organizational skills especially ability to meet project deadlines with a focus on details
  • Ability to successfully multi-task while working independently or within a group environment
  • Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
  • Ability to prepare simple tax returns
  • Basic knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax services
  • Basic knowledge of sources of relevant information utilized in tax filings as well as the most widely-used filing forms and awareness of other less widely used forms
  • Basic knowledge and understanding of cause / effect for taxable conditions on clients and the potential tax issues
  • Basic knowledge of accounting theory, filing methodologies, and frequencies for sales tax returns

Education requirements

Bachelors
Masters

Area of Responsibilities

Accounting & Tax

Responsibilities

  • Research:
  • Identifies simple situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conducted
  • Analyzes researched facts and the sources utilized prior to composing a detailed report of the research findings
  • Prepares WTA and tax returns as appropriate
  • Tax Compliance:
  • Participates in the preparation, filing and completion of voluntary disclosure agreements for sales and use tax; income tax and unclaimed property
  • Drafts tax memorandums, tax opinions and other documentation on various tax issues
  • Assists in the drafting of responses to notices from state taxing authorities
  • Prepares modeling for tax and unclaimed property exposure analysis
  • Participates in the audit defense of client returns and tax positions
  • Ensures all data needed to comply with filing requirements is obtained and identifies missing items to need for preparation of assigned tax returns
  • Monitors current tax law changes and applies appropriately to the preparation of assigned tax returns
  • Manages collection and retention of all appropriate workpapers for assigned clients
  • Tax Consulting:
  • Develops, recommends and implements standard tax methods to provide clients with maximum tax benefits related to current and future tax obligations
  • Utilizes online research tools, prior tax returns, interviews with client personnel and other resources to gather pertinent tax information related to assigned clients
  • Continues building tax knowledge by monitoring relevant tax laws and educating oneself on firm tax strategies and Tax Planning Ideas (TPIs)
  • Tax Related Software:
  • Utilizes Caseware, GoSystems, tax research databases and other tax-related software in the completion of assigned tasks
  • Tax Specialization
  • Develops an in-depth understanding of the technical and practical issues and opportunities regarding SALT tax benefits
  • ASC740-10:
  • Understands and applies industry standards, along with firm policies and BDO Tax Quality Manual requirements as they relate to FAS 109 and FIN48, as well as FAS5 for sales tax and unclaimed properties
  • Strategy Development
  • Assists in the preparation of studies of tax implications to identify alternative courses of actions to benefits clients
  • Develops an understanding of the impact of a client’s business objectives as it relates to the client’s tax situation
  • Other duties as required

Details

Work type

Full time

Work mode

office

Location

New York