Tax Associate

Company Overview

Fiducial is a major provider of financial services (Business Counseling, Bookkeeping, Payroll, Tax, and Advisory Services) to small businesses and their owners. Fiducial was founded in France in 1970 and became one of the top financial services providers in Europe, before entering the US market in 1999. Fiducial generates a consolidated revenue of over $1.83 billion in 2021 across 1,200+ agencies run by a team of 19,600 professionals globally. Fiducial has built a wealth of global expertise and knowledge in a variety of industries to serve its clients. Fiducial’s branch offices are set up to serve as a local contact, providing a small firm feel to our clients while maintaining its robust back-office support of a large global firm. As a trusted advisor to entrepreneurs, Fiducial provides the financial back-office infrastructure to clients, allowing them to focus on what they do best; serving their customers and growing their businesses.

Fiducial Employee Benefits

• Competitive Salary
• Medical, dental, and vision insurance
• Short-Term and Long-Term Disability
• Generous PTO
• Life Insurance
• 401K with employer contributions
• Flexible Spending Accounts
• Career Development and Advancement

Position Overview

The tax associate position is an entry level accounting professional performing bookkeeping, accounting, payroll and income tax return preparation under the supervision of a Tax Senior/Supervisor or Tax Manager. The tax associate role is designed to help beginning staff members develop a strong set of core skills and ensure new tax professionals are well prepared to begin their careers and support the firm in accounting and tax services. It is a dual discipline position doing work in both business accounting and individual income tax return preparation. The tax associate creates (and then maintains) the financial books and tax records for multiple clients.

Accounting Functions

· Reconciliations: Prepare bank reconciliations, credit card reconciliations and loan reconciliations using EXCEL worksheets for supporting calculations. Reconcile accounts to the QuickBooks balance sheet and profit and loss statement

· Workpaper Preparation: Prepare accounting workpapers for accounts receivable, advances, prepaids, inventory, fixed assets, intangible assets, accounts payable, credit card payable, accrued liabilities, leases, loans payable and equity accounts.

· Payroll: Prepare monthly, quarterly and annual payroll tax returns, unemployment tax returns, tax deposits and year-end employee Form W-2 wage statements including Form 1099 nonemployee compensation paid to independent contractors and reconcile to payroll tax expense and liability accounts.

· Sales Tax: Prepare Illinois Form ST-1 Sales and Use Tax Return and reconcile to sales tax payable.

· Accounts Payable: Perform accounts payable bill entry and vendor payments.

· Financial Statements: Prepare QuickBooks balance sheet and profit and loss statement substantiated by Business Organizer account analysis and reconciliations.

Individual Tax Functions

· File Prep: Organize individual client tax forms such as W-2s, 1099s and deduction documents, set up client tax folder, complete internal tax prep checklist for information received, print client worksheets and prepare EXCEL worksheets.

· Data Entry: Perform the initial data entry of tax information into ProSeries tax software for Form 1040 U.S. individual income tax return and deductions on Sch. A itemized deductions, Sch. B interest and ordinary dividends, Sch. C profit or loss from business (sole proprietorship), Sch. D capital gains and losses and Sch. E supplemental income and loss.

· E-File: Upon completion of the income tax return, follow up with the client for signed e-file authorization forms, submit federal and state income tax returns for electronic filing and obtain acknowledgement of e-file acceptance.

Business Tax Functions

· Assist Tax Supervisor or Tax Manager with preparation of the book tax income reconciliation for sole proprietorship, real estate rental property, C corporation, S-corporation, partnership, and LLC tax returns.

Qualifications

• Associate’s Degree in Accounting, Finance, or Tax
• Active PTIN required upon hiring

Preferred Qualifications

• Bachelor’s Degree in Accounting, Finance, or Tax
• Experience with QuickBooks, ProSeries, Microsoft Word and Excel

Job Type: Full-time

Pay: $38,321.34 - $112,883.36 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Opportunities for advancement
• Paid sick time
• Paid time off
• Paid training
• Vision insurance

Experience level:

• 1 year

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Palos Heights, IL: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Tax experience: 1 year (Preferred)

Work Location: In person