Tax assistant job description

Written by marquis codjia
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Tax assistant job description
A tax assistant provides tax-saving recommendations to management. (Baloncici/iStock/Getty Images)

A tax assistant is a junior employee who works under the guidance of a department head to ensure that employees abide by fiscal laws, rules and guidelines when performing their tasks. A tax aide also helps a firm compute fiscal liabilities such as income, property, employment or sales taxes payable.

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Responsibilities

A tax assistant helps a corporation accurately compute its fiscal liabilities. For example, a tax aide may partner with an accountant and a treasury manager to calculate tax amounts due at the end of the month or quarter. He then ensures that HM Revenue and Customs and the VAT Office receive payment checks on time. A tax aide also ensures that a corporation's tax accounting reports are accurate and conform to HMRC guidelines and industry practices.

Education and training

A tax assistant typically holds a degree in accounting, taxation or auditing. It is possible to enter the career with a degree in a different subject, via a graduate training programme. A tax assistant working for a major department who has managerial responsibilities may have an advanced degree, such as a master's or doctorate, in taxation, investment analysis or law.

Alternative route

For those who do not want to go to university, a second career route to become a tax assistant would be to start as a trainee bookkeeper or accounts clerk. These positions are available to people with 5 GCSE who then go on to take vocational qualifications in bookkeeping and accounts.

Career development

A tax assistant's career development chances depend on staffing needs, the industry or academic and professional training. A tax associate may also receive a faster promotion if he has seniority. An undergraduate tax assistant should become a member of the Chartered Institute of Taxation, or the Institute of Chartered Accountants to improve his chances of promotion.

Conditions

A tax assistant typically works from 8 a.m. to 5 p.m., but this could vary according to business demands, perhaps early mornings, late nights or weekends. These demands may result from monthly accounting procedures.

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