Description
List of must haves for this role:
Education – B.Com, M.Com, MBA (Finance/Accounting), CA, CMA, Semi-qualified CA/CMA, or Australian CPA
4 + years of experience in :
- Mandatory hands-on experience with Australian accounting and taxation rules and regulations.
- Practical experience in Australian year-end accounting and tax return preparation.
- Strong knowledge of financial statements, reconciliations, tax workpapers and compliance requirements.
- Working knowledge of Australian tax legislation, including CGT, Division 7A, FBT, SBE and BRE provisions.
- Experience with Australian accounting software.
About the company:
Location: - Ahmedabad, Hyderabad
Team Strength- 450+ people with 20+ people in IT department
About the Company: . It specializes in providing accounting and software services (hospitality accounting, revenue reconciliation, and management reporting). The firm serves as a significant hub for Quantaco’s operations in India, which has expanded into technology, customer success, and other support services.
Important note – You will be on the payroll of Quantaco Advisory Private Limited but all the interview emails and screening will be done by their sister concern – Talent Formula. Talent Formula is a consulting firm that offers outsourced financial and accounting talent to Chartered Accounting firms worldwide. We currently have Associate level positions available in our Quantaco Team. Quantaco is an Australian company that combines bespoke technology and hospitality-focused expertise to deliver innovative, tech-focused accounting services to clients in the Hospitality sector in Australia.
About the position:
Designation: Australian Tax & Year-End Accountant
Experience required- 4-8 years
Reporting To: Manager
Vacancy:1
Interview Processes- 1 online assessment + domain/technical specific rounds 2 + 1 HR round
Work Shift Time – 7:30 am – 4:30 am
Work from office - Yes
Role outline:
Experience: Experienced professionals with hands-on Australian accounting and taxation experience
Qualification: B.Com, M.Com, MBA (Finance/Accounting), CA, CMA, Semi-qualified CA/CMA, or Australian CPA
Role Overview
We are looking for experienced accounting professionals with strong knowledge of Australian accounting standards, taxation rules and year-end compliance. The successful candidates will be responsible for completing year-end accounting and tax work for individuals, trusts, partnerships and companies.
Key Responsibilities
- Complete year-end accounting and tax work for individuals, trusts, partnerships and companies in Australia.
- Prepare workpapers for material Profit & Loss accounts and all Balance Sheet accounts.
- Prepare and reconcile sales, BAS, IAS, payroll tax and Balance Sheet accounts.
- Manage fixed assets, including asset disposals, prepayments and accruals.
- Identify Division 7A issues, ATO offsets and applicable bonus deductions.
- Prepare Capital Gains Tax (CGT) calculations.
- Process FBT, superannuation and hire purchase transactions in accordance with applicable Australian rules.
- Prepare income tax reconciliations, tax return workpapers and income tax returns.
- Apply Small Business Entity (SBE) pooling provisions and Base Rate Entity (BRE) rules.
- Identify tax-effective trust distributions and dividend payment opportunities.
- Prepare matters identified during the year-end process for discussion with managers, partners and clients.
- Prepare year-end documents for client sign-off, including dividend statements, company minutes and year-end letters.
- Prepare and post alignment journals upon completion of year-end assignments.
Essential Skills and Experience
- Mandatory hands-on experience with Australian accounting and taxation rules and regulations.
- Practical experience in Australian year-end accounting and tax return preparation.
- Strong knowledge of financial statements, reconciliations, tax workpapers and compliance requirements.
- Working knowledge of Australian tax legislation, including CGT, Division 7A, FBT, SBE and BRE provisions.
- Experience with Australian accounting software.