Junior Associate, Tax Salary
A Junior Associate, Tax earns an average salary of $55,164 per year.
Job Description for Junior Associate, Tax
A junior tax associate ensures their company is reporting their finances and submitting tax paperwork in compliance with relevant laws and regulations. These associates generally do not work independently, but instead are hired on as part of a team. The junior tax associate reviews their company's financial records to verify that the company is in compliance with laws (such as Internal Revenue Service requirements). They also ensure the company is paying proper taxes for payroll, income, investments and property. The junior tax associate generally has access to their company's financial documents to guarantee taxes are being paid correctly; they must be highly organized to keep track of these files, as well as follow any relevant privacy rules and regulations.Read More...
Junior tax associates typically work in an office environment during regular business hours. However, overtime may be required; for example, during busy periods such as upcoming filing deadlines, a junior tax associate may be required to work evenings and weekends. These associates usually work closely with accountants, other tax aides and other relevant financial professionals in the office.
A bachelor's degree in accounting or a related field is typically required for this position. Larger companies may require a master's degree in a relevant field as well. Status as a certified public accountant (CPA) may be required or preferred.
Junior Associate, Tax Tasks
- Review tax returns and reporting systems for adherence to regulations.
- Prepare tax returns.
- Audit historical tax documents and handle complex tax litigation documentation.
- Review financial procedures and documents to identify risks and opportunities.