Location: Manchester
Type: Permanent
Hybrid working: 2 days per week in the office
Team: Finance
Key Responsibilities:
Managing the tax reserving process for UK resident partners, including:
- Accounting aspects
- Allocation of partnership accounting profits and tax adjustments from the various Firm’s partnerships.
- Monthly review of tax reserve postings.
- Posting journals onto accounting system to ensure tax reserve accounts show an up-to-date position.
- Review and allocate foreign taxes paid by branches and withheld from clients.
- Review of deferred tax calculations, allocations and movements between partners groups as and when necessary. This includes the review of deemed dividends from overseas corporate entities.
- Tax aspects
- Calculation of annual tax reserve charge.
- Calculation and review of effective tax rates, including forecast for drawings purposes.
- Double tax relief claims together with the management and quarterly reconciliation of the foreign tax accounts.
- Tax equalisation calculations for all UK valve partners and assistance for foreign partners receiving UK sourced profit.
- Applying available tax reliefs and the calculation and release of pension/gift aid and investment relief.
- Review of former partner tax balances.
Management of partner tax payments / refunds, including:
- Preparation/review of tax payment schedules provided by external advisers.
- Requesting payments from partners of personal non-Clyde related income.
- Analysing former partner balances.
- Advise on applications for reductions in payments on account where necessary.
- Forecast future tax payments for budgeting purposes.
First point of contact for partners, including:
- Briefing lateral hires and newly promoted partners.
- Preparation of a tax reconciliation for departing partners including review of the deed of withdrawals.
- Preparation of annual tax reserve statement.
- Preparation of individual statements showing a reconciliation from profit allocation to taxable profit.
- Responding to partner / external tax adviser queries.
Project work will form part of the role as when and necessary. Current projects ongoing include the introduction of individual statements to partners and ongoing review of excess profits allocated from non-UK entities/branches.
Preparing and sending partnership tax return information to external tax advisers and liaising with internal finance teams, in particular the partnership accounts team.
May be required to travel to other Clyde UK based offices.
Responsible for one direct report.
Provide support to all team members in busy periods.
- Responding to partner / external tax adviser queries.
Qualifications:
Required
Qualified ACA/ACCA
CTA qualified or 2 years minimum experience in a tax related role
Excellent Excel skills
Experience using an accounting system
Excellent communication skills
Ability to work remotely
Ideal
Experience of partnership structures
The Firm
When you work at Clyde & Co, you join a team of 500 partners, 2,400 lawyers, 3,200 legal professionals and 5,500 people in nearly 70 offices and associated offices worldwide. Our values are the principles that guide the decisions we make, unite us in our endeavours and strengthen our delivery, for both our clients and our firm. We work as one, excel with clients, celebrate difference and act boldly. We are committed to operating in a responsible way by progressing towards a diverse and inclusive workforce that reflects the communities and clients it serves. We are devoted to providing an environment in which everyone can realise their potential, using its legal and professional skills to support its communities. We do this through pro bono work, volunteering and charitable partnerships, and minimising the impact it has on the environment, including through our commitment to the SBTi Net-Zero standard and the setting of ambitious emissions reduction targets.
Our Commitment
Clyde & Co is proud to be an equal opportunities employer. Our values encourage us to support fairness, celebrate diversity and prohibit all forms of discrimination in the workplace to allow everyone to excel at work. Therefore, we welcome and encourage all applications from suitably qualified individuals, regardless of background or identity. Learn more about our interview process.
A Note on Privacy
Please take a moment to read our privacy notice.. This describes what personal information Clyde & Co (we) may hold about you, what it’s used for, how it’s obtained, your rights and how to contact us as a data subject.
If you are submitting a candidate as a Recruitment Agency Partner, it is an essential requirement and your responsibility to ensure that candidates applying to Clyde & Co are aware of this privacy notice.
This is the job description as constituted at present; however, Clyde & Co reserves the right to reasonably amend it in accordance with the changing needs of the business.
