Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Tax accounting: What does a corporate tax accountant do?

user-image
Question added by Mounia Adel , Communications Officer , Etisalat
Date Posted: 2017/07/24
motiram subedi
by motiram subedi , baivab laxmi saving and credit co operative lyd , baivab laxmi saving and credit co operative ltd

corporate tax accounant is responsable for the following:

1. maintaining tax records according to the law of paricular country.

2. filling tax and tax reurn as per the law.

3. maintaining accounant records needed.

4. reporting to the seniors.

lokesh singhal
by lokesh singhal , Company Secretary and AM- Finance , Cengage Learning India Private Limited

corporate tax accounant is responsable for the following:

1. Do the Tax Computation basis the financial statements of the Company

2. Maintain the tax records like tax payments, tax return filings etc. 

3. filling tax and tax reurn as per the law.

4. maintaining accounant records needed.

5. reporting in MIS.

MERIEM MALEK
by MERIEM MALEK , Business Development Manager events company , Magnum events

 corporate tax accountant handles a business' tax returns and tax strategy. These professionals make sure documents are accurate and that all tax laws have been followed. They work to prevent audits and errors and also will make suggestions for companies to improve their financial management. 

collins murayi
by collins murayi , accounts clerk/business adminstrator , Rosewood hotel and grill

filing local,state and federal returns.

keep upto date with current tax development.

assist in internal auditing.

Majdi Shomali
by Majdi Shomali , Owner , SHOMALI Certified Public Accountants

The most important roll of the corporate tax accountant is tax planning, which is to make sure that the company follow the tax regulations in proper way to minimize tax payments. 

 

Effat Ajami
by Effat Ajami , Finance Manager , Construction Group General Trading & Contracting Company

If you choose to go the corporate route and you work for a company, you may work as a supervisor in the accounting department or as a member of the team in the department. You will need to know the governmental regulations in accounting as well as all of the generally accepted accounting principles to be successful in this role. Because corporate tax filings are more complicated, you may need more experience to work in this role.

It is common to review files and company financial records, prepare ledgers, fill out tax forms, maintain contact with tax agencies and hold meetings that are related to taxation and strategy. If you prefer to work in more of a corporate environment, working internally for a company is ideal. You may also want to consider becoming a forensic accountant, which is a professional who internally audits their organization to avoid penalties that are caused by tax filing errors.

If you want to become a tax accounting professional, you will need to earn your degree in accounting and then get on-the-job experience. Once you have a degree, you will be prepared to work with tax returns or company tax record keeping with a firm or directly with a company. Your typical day can be either very slow or very busy depending on the environment and also the season you are in. Make sure that you take a look at the expectations of an employer before you choose any path. The demand for tax accountants is extremely high as businesses become more global. Decide which industry is best for you and work towards becoming a tax accountant.

medhat shebl
by medhat shebl , General Accountant , Right Choice

It is common to review files and company financial records, prepare ledgers, fill out tax forms, maintain contact with tax agencies and hold meetings that are related to taxation and strategy. If you prefer to work in more of a corporate environment, working internally for a company is ideal. You may also want to consider becoming aforensic accountant, which is a professional who internally audits their organization to avoid penalties that are caused by tax filing errors.

prepairing finance statment

Maintain  tax records & tax payments, tax return filings etc

Tahir Naquash ACMA
by Tahir Naquash ACMA , Internal Auditor , KTC International Contracting LLC

all record maintenance as per law to submit a tax return and keep ready all necessary data for authorities for next 5 years.

Manish Sharma
by Manish Sharma , Asst.manager , C&C Myanmar Road Constructions Co.,LTD

Accounting on correct way. Timely ensure that submit the tax. Verify the voucher twice for confirmaion. Before paying tax need to verifiy with seniors.

mohammed arsalan
by mohammed arsalan , Accountant , Galadari Motor Driving Centre

Analyse the business income after calculating all the deduction available under the tax law.

Calculate the tax value based upon the rate applicable at that date.

submit the return within a due time in order to avoid penalty

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.