Tax Lead

Overview

Internal tax preparer managing family & trust returns, advising shareholders.

Key Responsibilities

• tax compliance
• return preparation
• tax planning
• cash distributions
• legislative monitoring
• shareholder relations

Tasks

The Tax Lead is the internal tax preparer, specializing in family and trust returns. This is a key position in our corporate office working with the Corporate Tax Manager. This is a key position within our firm with a significant level of Shareholder and Management interaction. -Manage compliance ensuring timely completion of federal and state income tax returns, timely review and approval of returns, payment and filing as re-quired. -Develop and nurture relationships with the family shareholder group, being the trusted advisor to our shareholders. -Continuously monitor tax rules and regulations and proactively identify potential issues and planning opportunities -Track and interpret relevant legislative developments, providing timely insights and strategic recommendations to internal teams -Oversee quarterly cash payments for Tax and Equity distributions, both calculating and collaborating with external partners to execute payments to trusts and shareholders. -Prepare internal memorandum, external written correspondence, and other documents to IRS and various state and local tax authorities as well as IDEAL leadership. -Oversee the income and estate tax planning for all family members and related entities including the development of long-term tax strategies. -Coordinate with external tax advisors to identify and implement tax planning strategies that meet family goals. -Develop a tax calendar and monitoring process for all taxes ensuring timely submission and filing of extensions as applicable. -Prepare initial draft trust returns using K-1’s provided by external tax provider, 75+ trust returns per year due by October 15th. -Advise on philanthropic giving strategies to optimize tax benefits and align with long-term family objectives -Manage compliance for state and local taxes ensuring timely completion, re-view, approval, payment and filing as required -Establish meaningful rapport, gaining the shareholders’ confidence by obtaining intimate knowledge of their lives and objectives to anticipate and respond to their various needs, both individually and through collaboration with various internal and external stakeholders.

Requirements

• cpa
• finance degree
• 7+ years
• tax services
• process improvement
• communication

What You Bring

-Ability to communicate complexity in a simplified manner while maintaining the integrity of the underlying tax principles -Demonstrated hands-on approach as well as the ability to collaborate with external consultants. -Ability to work well independently as well as the ability to work well with stakeholders and communicate the benefits of tax initiatives. -Extensive and proven experience in tax services in high net worth and trusts -Bachelor’s degree in Finance or Accounting -CPA preferred -Strong experience with a variety of tax operations and ability to drive process improvements. -7+ years of experience in trust and estate accounting and finance with focus on family preferred -Excellent verbal, written, and interpersonal skills with demonstrated responsiveness to shareholders, colleagues, and management

People Also Searched For

Benefits

The expected annual salary for this position is between $108,120.00 and $145,696.00. This range represents a good faith estimate for the position and actual compensation will be based on numerous factors including knowledge, location, skills, training and experience. -Wellness Programs -Parental Leave -Medical, Dental & Vision Insurance -Education Reimbursement -Volunteer Time -Cash Balance Pension Plan -401k with Company Match -Personal Days

About Ideal Industries, Inc

-Today it crafts essential gear—from wire strippers used in commercial jets to power connectors in NASA equipment. -Now a diversified brand-family (including Anderson Power, Enatel), it serves electrical, telecom, industrial, aerospace, automotive and construction sectors. -Headquartered in Sycamore with facilities across North America, U.K., India and Canada. -A typical project might involve developing a new tester or connector line for telecom or industrial OEMs. -Standout fact: nearly every modern commercial jet uses its tools—and its gear has even flown on NASA missions.

Sector Specialisms