Tax Manager - Private Client Tax Services

As a Tax Manager at Evelyn Partners, you will be responsible for managing a diverse portfolio of high-net-worth private clients while ensuring they receive tailored and strategic tax advice. Your role will involve leading the preparation and review of self-assessment tax returns, providing consultation on various tax matters, including income tax and inheritance tax, and collaborating with other teams to offer comprehensive solutions to meet clients’ complex needs.

To be considered for the Tax Manager role at Evelyn Partners, candidates should possess professional qualifications such as ATT or CTA, or equivalent credentials in accounting or taxation. Proven experience in managing a private client tax portfolio is essential, along with strong analytical skills and the ability to interpret complex tax legislation effectively.

Evelyn Partners places a strong emphasis on professional development for its employees. As a Tax Manager, you will have access to fully funded training towards professional qualifications and numerous resources designed to foster continuous learning and career advancement. The firm is committed to empowering you to achieve your career aspirations in a collaborative and supportive environment.

The work environment for a Tax Manager at Evelyn Partners is dynamic and collaborative. Our Cambridge office operates on a hybrid model, encouraging teamwork in the office three times a week while providing the flexibility to work remotely. You will be part of a high-performing team dedicated to delivering high-quality service, promoting a culture of inclusiveness, respect, and continuous improvement.

Tax Managers at Evelyn Partners have the opportunity to work with a diverse and impressive portfolio of high-net-worth clients. This clientele often presents complex tax situations, allowing you to apply your expertise in innovative ways while developing strong client relationships, identifying new business opportunities, and contributing to their financial success.

To effectively manage a portfolio of high-net-worth clients, I would first ensure a thorough understanding of each client’s unique financial situation and objectives. Regular communication and relationship-building would be key; I would conduct periodic reviews to identify any changes in circumstances and proactively offer tailored advice. My priority would be to ensure compliance with tax regulations while also seeking opportunities to maximize their tax efficiency.

I have extensive experience in preparing self-assessment tax returns, which involves gathering comprehensive financial data from clients, reviewing relevant tax legislation, and ensuring accurate filing with compliance deadlines. I always double-check calculations and stay updated on the latest tax updates to mitigate any risks associated with inaccuracies, which is crucial for high-net-worth individuals.

When explaining complex tax laws to clients, I focus on simplifying the information by avoiding jargon and using relatable examples. I like to break down the components and implications of the laws into simpler terms while encouraging questions to gauge their understanding. Visual aids or written summaries can also help solidify their grasp of complex concepts.

Staying informed about tax regulations is crucial in my role. I regularly attend industry webinars, subscribe to relevant newsletters, and engage with professional networks. Additionally, I participate in training programs and discussions within my firm to gain insights from colleagues and experts. This proactive approach ensures that I can provide clients with accurate and up-to-date advice.

Managing client expectations begins with clear and open communication. I ensure clients are aware of potential outcomes and the factors influencing their tax situations right from the start. Regular updates inform them of any changes or developments. When providing estimates or projections, I clarify potential variables that may affect outcomes, helping clients understand that tax planning is often an evolving process.

My approach to mentoring junior team members involves fostering a supportive environment where they feel comfortable asking questions and expressing their thoughts. I provide constructive feedback, encouraging them to take on challenging tasks while offering guidance. I also emphasize the importance of continuous learning and provide resources or opportunities for further development.

During my time managing a client's portfolio, I noticed they were underutilizing certain investment structures that could provide tax benefits. After discussing potential strategies with the client and conducting thorough analyses, I presented a tailored plan that not only saved them money but also opened doors for other services we offer. This proactive approach not only met their needs but expanded our business relationship.

When compliance issues arise, my first step is to assess the situation thoroughly to understand the causes. I communicate transparently with the client regarding any potential repercussions and collaborate with my team to devise a corrective action plan. This may involve recalibrating filings, enhancing documentation practices, or providing training to avoid future occurrences.

Essential qualities for a Tax Manager at Evelyn Partners include strong analytical and communication skills, a client-focused attitude, and the ability to build robust relationships. Additionally, a commitment to ongoing education, adaptability to changing tax landscapes, and a collaborative spirit within team dynamics are crucial for success in this role.

I am excited about the opportunity to work at Evelyn Partners due to its strong reputation for supporting its clients through complex financial landscapes while valuing diversity and employee development. The firm’s commitment to building long-term client relationships aligns with my professional values, and I believe my skills and experience will make a positive contribution to the Private Client Tax Services team.