Skill required: Record to Report- Tax - Tax Process Design
Designation: Record to Report Ops Manager
Qualifications:BCom
Years of Experience:13 to 18 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 784,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions. Record to Report (R2R) - Tax involves managing financial records to ensure compliance with tax regulations. This role includes collecting and processing financial data, preparing tax returns, and ensuring timely tax payments. It also involves conducting tax audits and providing accurate tax reports to authorities. The goal is to ensure the organization meets all tax obligations and avoids penalties. Design and implement processes for direct Tax/income tax. Includes direct tax/income tax planning, income tax accounting, income tax compliance and income tax audit.
What are we looking for Preparation and payment of quarterly advance tax payment ( Thrice a year). preparation of operating plan cash tax numbers and LE cash tax numbers. Preparation of PRT tax returns which is field based taxation. The PRT rate is nil but as carry back opportunity detailed returns are prepared Preparation of annual tax returns (Ct600) for the legal entities including preparation of taxable income for Ring Fence Corporation tax, Supplementary Charge and Energy Profit Levy (EPL). Analyse capital expenditure for capital allowance claims and investment allowance Analysis decommissioning expenditure and analyse any carry back opportunity for decommissioning expenses. Compute tax provision, deferred tax and analyses permanent difference and prepare tax notes for statutory account Populate ETR calculations and commentaries Inside ring fence experience & exemptions items knowledge is must. Trial Balance (TB) & Ledger Review Compute Tax-Adjusting Items (Upstream Specific)
Roles and Responsibilities:
- In this role you are required to identify and assess complex problems for area of responsibility
- The person would create solutions in situations in which analysis requires an in-depth evaluation of variable factors
- Requires adherence to strategic direction set by senior management when establishing near-term goals
- Interaction of the individual is with senior management at a client and/or within Accenture, involving matters that may require acceptance of an alternate approach
- Some latitude in decision-making in involved
- you will act independently to determine methods and procedures on new assignments
- Decisions individual at this role makes have a major day to day impact on area of responsibility
- The person manages large - medium sized teams and/or work efforts (if in an individual contributor role) at a client or within Accenture
- Please note that this role may require you to work in rotational shifts, BCom
