Australian Tax Role

Australian Tax Specialist / Senior Accountant (Noida, India)

Are you a highly skilled and detail-oriented tax professional with a passion for Australian taxation? Do you thrive on providing expert advice and support to diverse business clients? We are seeking a dedicated Australian Tax Specialist / Senior Accountant to join our team in Noida, India, serving business owners and accounting firms across Australia.

This role requires a deep and practical understanding of Australian tax legislation and its application to various business structures. You will be instrumental in ensuring compliance, identifying opportunities for tax optimization, and building strong client relationships.

Key Responsibilities

Australian Income Tax Expertise:

Prepare and review income tax returns for a diverse portfolio of Australian entities, including:

Companies

Trusts (including family trusts, discretionary trusts, unit trusts)

Sole Traders

Partnerships:

- Apply in-depth knowledge of Personal Services Income (PSI) rules, including identifying PSI, understanding applicable tests (e.g., results test, unrelated clients test, business premises test, employment test), and determining the correct tax treatment for deductions and reporting.

- Advise clients on attribution of income and expenses within various entity structures.

- Understand and apply rules related to income from personal exertion.

- Manage and advise on general income tax deductions for businesses.

- Ensure compliance with entity maintenance obligations for Australian businesses.

Goods and Services Tax (GST):

- Provide comprehensive advice on general GST principles and their application.

- Demonstrate knowledge of GST on food and other specific GST treatments.

- Apply and advise on simplified GST methods.

- Address GST changes in creditable use and their implications for clients.

Capital Gains Tax (CGT):

- Advise on Capital Gains events and calculations.

- Expertly apply Small Business CGT Concessions (e.g., 15-year exemption, 50% active asset reduction, retirement exemption, rollover relief).

Fringe Benefits Tax (FBT):

- Provide expert advice on Fringe Benefits Tax (FBT), including comprehensive knowledge of:

- Minor benefits exemption and its application.

- FBT implications of entertainment expenses.

- FBT treatment of car benefits.

- Possible exemptions for small businesses related to FBT.

Franking Credits:

Possess a thorough understanding of the Australian imputation system, specifically the 3-month rule for franking credits and its impact on franking deficit tax (FDT) and franking account balances.

Client Liaison & Communication:

- Act as a primary point of contact for Australian business owners and accounting firms, building and maintaining strong professional relationships.

- Liaise effectively with clients to gather necessary information, clarify queries, and provide timely and accurate tax advice.

- Translate complex tax concepts into clear, understandable language for non-tax professionals.

Quality Assurance & Compliance:

- Ensure all tax work adheres to Australian taxation laws and professional standards.

- Stay updated with changes in Australian tax legislation and provide proactive advice to clients.

- Contribute to the continuous improvement of internal processes and knowledge sharing.

Qualifications:

- CA (Chartered Accountant), MBA, or M. Com. from a recognized institution.

- Proven experience working with Australian tax laws and regulations, preferably within an accounting firm or a dedicated Australian tax advisory role.

- Demonstrated expertise in the specific areas of Australian taxation outlined above.

- Exceptional communication skills (written and verbal) with a strong client-facing demeanor.

- High level of attention to detail and accuracy.

- Ability to work independently and as part of a remote team, managing multiple client engagements simultaneously.

- Proficiency in relevant accounting and tax software (experience with Australian tax software highly regarded).