Senior Associate
Current• Worked with the project leader in implementing and getting the firm and clients ready for the United Kingdom (UK) government’s new tax administration move in Making Tax Digital (MTD) for value-added taxation (VAT)• Conducted and led the training and discussions on the transition to the new Generally Accepted Accounting Practice the UK, i.e. Financial Reporting Standard 102 Section 1A (FRS 102 1A)• Created and improved whole-firm’s FRS 102 1A template in accounts production software• Advised and supervised clients in the implementation of the accounting and bookkeeping systems• Advised owner-manager clients on tax planning and the ideal profit extraction from their businesses• Assisted the accounting manager in the daily management of the 10-staff department, including task allocation and human resource• Trained and supervised juniors, new joiners and colleagues on the accounting standards, accounting and corporation taxation and VAT returns preparation and review, bookkeeping preparation and bookkeeping and accounting systems• Managed a portfolio of over 25 clients consisting of private limited companies, owner-managed businesses and self-employed individuals in various industries• Involved in dealing with the Her Majesty’s Revenue and Customs (HMRC) tax investigation of a client’s self-employed business’ year-end accounts• Prepared, reviewed and analysed the statutory financial statements and corporation tax workings under the FRS 102 1A • Prepared and reviewed self-employed year-end accounts and its business tax calculation• Prepared and reviewed monthly and quarterly VAT returns and management accounts
