Tax Accountant

Date: Jun 19, 2022

Location: Columbus, OH, US

Company: American Chemical Society

Finance Overview

 

Finance is responsible for the overall fiscal control and management of the American Chemical Society (ACS).  This includes the proper recording and classification of all financial transactions of Washington Operations; the consolidation of financial data for all business units and subsidiaries; preparation of financial statements and reports; preparation and presentation of the budget; development and implementation of financial systems; tax planning and compliance; and any other financial related matters.  Finance also provides financial analysis and support to all ACS activities.  Finance consists of Payroll, Accounts Payable, Accounts Receivable, Tax Compliance and Reporting, General Accounting, Budgets and Analysis, and Financial Systems.

 

The Office of Tax Compliance and Reporting (Tax Office) is responsible for the timely preparation and monitoring of the ACS’s domestic federal, state, and local income, property, and sales and use tax; and value added tax, digital services tax, consumption tax, and goods and services tax in foreign countries; unclaimed property compliance and reporting, business registrations, and supporting unemployment tax filings.  The Tax Office is responsible for performing tax research and analysis, and special projects.  The Tax Office provides tax support to the Society’s local sections and divisions by responding to their inquiries and providing them with relevant tax information necessary for their tax compliance and reporting.  The Society currently files over 350 tax and information returns, including IRS Forms 990 and 990-T. 

 

 

Position Summary

 

The individual in this position reports to the Manager of Tax Compliance and Reporting in Columbus, Ohio and works closely with the Washington Tax team. The individual works in a dynamic environment with critical deadlines throughout the year under general managerial direction and must commit to and deliver consistently outstanding customer service and high-quality products.  The individual supports the needs of ACS in order to be compliant with all its tax filings and reporting obligations by the completion of the following activities: Prepares, compiles, and submits CAS information to be consolidated in the corporate ACS tax filings and reports. Meets deadlines for submission of supporting data schedules and reporting for monthly sales and use tax returns, and returns and filings for value added tax, digital services tax, consumption tax, and goods and services tax.  Conducts research, analyses, and internal and external correspondence.  Coordinates tax activities between CAS and Washington Tax staff including the gathering of CAS information for incorporation to the ACS IRS Form 990 and 990-T filings, as well as the implementation of new taxes and registrations in new taxing jurisdictions. Updates the Vertex/SAP systems for the implementation of new tax rules and update systems for any relevant changes.  Works closely with CAS Sales and Marketing staff regarding implementation of new taxes and new tax registrations for coordination of customer notifications. Supports CAS HR department and the Washington Tax team in the evaluation of employee placement in various states or jurisdictions and ensures ACS current level of compliance and determines where CAS can place employees without creating adverse tax consequences for the ACS and/or its customers.  Provides necessary support to CAS Billing /Collections teams regarding foreign and US domestic customer taxation issues. Acts as conduit for customer communications to understand and investigate taxation concerns. The person must be a seasoned, experienced tax professional with a full understanding of tax laws and regulations; utilizes creativity to perform a wide range of assignments; demonstrates understanding of a wide range of experience and comprehensive knowledge of tax laws and regulations, and accounting concepts, principles, practices, and procedures including Generally Accepted Accounting Principles and internal controls, tax regulations and reporting requirements.  The individual will be expected to apply these concepts to properly record tax transactions in the general ledger and reconcile tax accounts.  The individual is detail oriented, organized, and dedicated to excellent customer service and producing high quality products.  The individual is expected to handle complex tasks, identify problems, and provide solutions to a variety of complex issues and need little work direction. The individual is expected to be able to set priorities, evaluate results, and make individual judgment to formulate and interpret policies or organizational practices to provide recommendations and solutions.  The individual participates in system upgrades and implementations, develops user requirements for new or existing software, coordinates and performs testing before and after implementation, with streamlining and improving current processes, identifying business solutions, and creating opportunities for enhanced customer service and more efficient processes.  The individual must communicate openly with the tax team and other financial and operating staff.  As a result, this individual should have highly developed communication (both written and oral) and organization skills.

 

Position Accountabilities

 

  1. Prepare accurate and timely CAS information to be incorporated in the consolidated ACS state and federal tax and information returns, filings for sales and use tax, foreign countries value added tax and goods and services tax, applications for business registrations, permits, and licenses.  Develop and maintain complete, accurate and organized workpapers and comply with document retention practices.

 

  1. Prepare tax related journal entries and perform reconciliations of tax general ledger accounts.  Understand how tax and other software applications function and post to the general ledger.  Research issues back to the source, effectively summarize findings, and recommend appropriate actions.

 

  1. Perform research on tax issues including advanced international direct and indirect tax issues; understand, and incorporate laws and regulations into analyses, and make recommendations on alternative treatment of issues. Coordinate and communicate with Washington Tax team on research findings and recommendations. Inform appropriate CAS management and staff regarding new tax legislations and their impact to CAS and the entire ACS.

 

  1. Perform, oversee, or review production processes; maintain critical, fundamental tax information in the CAS Vertex tax software and the CAS SAP billing system, including tax rate updates, customer and product exemptions for sales tax, value added tax, and goods and services tax purposes; participate in system upgrades and implementations, and coordinate and perform testing before and after system implementation.

 

  1. Plan and execute complex tasks and projects within time and/or other constraints.

 

  1. Review ACS tax policies and procedures for compliance with new and existing laws and regulations, understand, and adhere to operating procedures.  Document, update, and maintain tax policies, procedures, and processes.

 

  1. Provide tax support services to CAS Sales and Marketing staff and the CAS Billing/Collection teams and respond to customers’ tax questions and inquiries as necessary.

 

  1. Coordinate and communicate to Washington Tax team any tax inquiries received from US domestic -state and federal agencies, and foreign tax jurisdictions to ensure appropriate timely response and resolution by the Washington Tax team.

 

 

Education, Experience and Technical Skills

 

  1. A minimum of seven (7) years of accounting and tax experience with emphasis on federal and state corporate, income, property, sales and use taxes, value added tax, goods and services tax and/or unclaimed property reporting, and research, with a Bachelor’s degree in accounting; or five (5) years of related experience and a Master’s degree and/or a CPA certification. Previous experience working with a multinational and/or NON- Profit experience preferred.
  2. Demonstrated experience performing research on domestic and international tax issues.
  3. Ability to understand and execute research projects utilizing tax research software and ability to apply computer technology in new ways desired.
  4. Successful problem solving and analytical skills and ability to perform under time pressures and meet deadlines.  Ability to work independently with minimum supervision and handle multiple projects and deadlines simultaneously in a fast-paced environment with energetic positive attitude.
  5. Excellent customer interface skills and ability to effectively communicate with all staff and others outside the ACS.
  6. Excellent work paper techniques and providing clear audit trail.
  7. Strong and advanced computer skills: Word, Excel, PowerPoint, Outlook; knowledge of PeopleSoft GL; SAP Billing system, Vertex sales and use tax, and value added tax systems preferred.

 

 

This position will be primarily based in the D.C. (or applicable) office. ACS offers hybrid work arrangement of three days per week working in the office and two days per week working remotely. New employees are immediately eligible for this hybrid work arrangement. ACS offers relocation assistance, if applicable.

 

 

 

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Nearest Major Market: Columbus
Nearest Secondary Market: Dublin

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