Careers in Accounting as a Tax Manager

Specializing in Tax Management can be a very lucrative & rewarding career, however it requires a high level of knowledge & understanding of newest tax laws, rules & requirements of the Tax Act of whichever country you reside in. A tax manager typically reports to the Tax Director or Vice President / Chief Financial Officer of an organization. Any tax manager must participate in the company's global tax initiatives including compliance, planning, and researching.

Responsibilities of a Tax Manager

• Help with the development of corporate policies for global transfer pricing strategies
• Help with the development & enforcement of internal tax controls, functions & ensuring compliance with SOX act and FIN 48.
• Prepare Canadian and US corporate tax returns for the Company’s international subsidiaries
• Communicate with the Treasury department to ensure funds are transferred between subsidiary companies in a tax-efficient manner.
• Liase with external tax auditors & tax compliance administrators.
• Research tax legislations and identifying tax-saving opportunities for the Company and its international subsidiaries.
• Assisting with special projects as assigned by senior management/executives.
• Develop & maintain computer based tax information & filing systems.
• Develop & identify strategies for tax saving opportunities & make recommendations to the Chief Financial Officer or senior management.
• Determine tax consequences of organizational changes in the company, mergers & acquisitions & other legal developments that affect the company.
• File proper documentation & paperwork for back up of corporate taxes filed.

Median Salary by Years of Experience

Education Requirements for Tax Manager Positions

• Candidates must have a Bachelor's degree in Accounting / Finance / Tax.
• Candidates must have an accounting designation (CPA, CGA, CMA or CA)
• Candidates must have completed CICA in-depth tax course or equivalent (Master's degree in Tax).
• Candidates must have experience with FAS 109 (Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes)
• Candidates must have experience & ability to handle a team of analysts, tax attorneys & other managers and demonstrate superior leadership skills.

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