Job Description
The KPMG Global Services (KGS) Tax is a diverse team spread across multiple cities in India. We provide tax and compliance services to KPMG Firms globally. Our core services include Business Tax, Global Mobility, Indirect Tax, Global Transfer Pricing, Global Trade Compliance and Tax Technology delivered by our professionals, who are known for their technical acumen and business insights to deliver exceptional client service.
Through your work, you'll build a global network and unlock opportunities that you may not have thought possible with access to great support, vast resources, and an inclusive, supportive environment to help you reach your full potential.
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Responsibilities
Roles & responsibilities
We are recruiting for the Sr. Associate position in the UK High Net worth Individual (Private Client) Tax team.
- Prepare UK Trust Accounts in line with UK GAAP, including income & expenditure statements, balance sheets, capital accounts, life tenant accounts, and investment summaries.
- Post and reconcile all income, expenses, accruals, capital transactions, disposal proceeds, reinvestments, and yearend adjustments for accruals based on supporting documents.
- Ensure full reconciliations between opening balances, investments, bank accounts, capital and income accounts, and final accounts.
- Prepare UK Trust and Estate Tax Returns (SA900) along with all relevant supplementary pages (SA107, SA102, SA108, etc.).
- Analyse trust deeds and supporting documentation to apply correct tax treatment for IIP, Discretionary, Bare, Will, and Settlorinterested trusts.
- Compute income tax liabilities, capital gains tax, share pool adjustments, and prepare R185 certificates for beneficiaries.
- Review investment portfolios, bank statements, income reports, and prioryear files to ensure completeness of taxable income.
- Carry out Inheritance Tax (IHT) calculations for trusts and estates, including:
- Periodic (10-year) charges
- Exit charges
- Identify missing information, raise clear and concise queries to the onshore team, and follow up as required.
- Support reviewers with clarifications and promptly address review comments.
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Qualifications
Educational qualifications
- Bachelors/ Master degree from a reputable university with excellent academic result, majoring in accounting or finance or technology or a similar field.
- ATT qualification would be an advantage.
Mandatory technical & functional skills
- Minimum of 2 - 4 years of relevant professional experience.
- Proficiency in Microsoft Office software programs, including MS Outlook and Excel
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