Position Overview
Key ResponsibilitiesManaging the tax reserving process for UK resident partners, including:
Accounting aspects;Allocation of partnership accounting profits and tax adjustments from the various Firm’s partnerships;Monthly review of tax reserve postings;Posting journals onto accounting system to ensure tax reserve accounts show an up-to-date position;Review and allocate foreign taxes paid by branches and withheld from clients.Review of deferred tax calculations, allocations and movements between partners groups as and when necessary. This includes the review of deemed dividends from overseas corporate entities. Tax aspectsCalculation of annual tax reserve charge;Calculation and review of effective tax rates, including forecast for drawings purposes;Double tax relief claims together with the management and quarterly reconciliation of the foreign tax accounts;Tax equalisation calculations for all UK valve p...