Job Description:

Direct Placement100% On Site Palos Heights, IL$65K - $85KBenefits: Medical, Dental, Vision, 401K, 3 weeks PTO Day to DayAn Accounting consulting firm is looking for a Tax Accountant/ CPA for their Palos Heights, IL office. The Tax Accountant will work within both business accounting and tax income return preparation. Responsibilities include bookkeeping, accounting, payroll and income tax return preparation under the supervision of a Tax Manager for multiple clients. Accounting FunctionsReconciliations: 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 statementWorkpaper 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 FunctionsFile 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 FunctionsAssist 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.