Accountant I Salary in Minneapolis, MN

DescriptionJob Summary: The S Corp Tax Accountant is responsible for managing and preparing the tax filings for S Corporations, ensuring compliance with federal, state, and local tax regulations. This role involves detailed tax planning, preparation, and advisory services to optimize tax liabilities and support the financial health of the organization.Key Responsibilities:* Tax Preparation and Filing: Prepare and file accurate and timely federal, state, and local tax returns for S Corporations.* Tax Planning: Develop and implement tax strategies to minimize tax liabilities and maximize tax benefits.* Compliance: Ensure compliance with all relevant tax laws and regulations, staying updated on changes in tax legislation.* Advisory Services: Provide tax-related advice to management on business decisions, including mergers, acquisitions, and other financial activities.* Audit Support: Coordinate and manage tax audits, representing the company in discussions with tax authorities.* Documentation: Maintain detailed records of all tax-related activities and transactions.* Collaboration: Work closely with the leadership team to ensure accurate financial reporting and forecasting of tax obligations.* Research: Conduct detailed tax research and stay informed about industry trends and best practices.Qualifications:* Education: Bachelor’s degree in Accounting, Finance, or a related field. CPA certification preferred.* Experience: Minimum of 3-5 years of experience in tax accounting, with a focus on S Corporations.* Skills: Strong analytical skills, attention to detail, and proficiency in tax software and Microsoft Office Suite.* Knowledge: In-depth understanding of federal, state, and local tax laws and regulations applicable to S Corporations.* Communication: Excellent written and verbal communication skills, with the ability to explain complex tax concepts to non-experts.Work Environment:* Location: Remote, work from anywhere* Hours: Full-time, with addition paid over-time hours during tax season.Please address the following in your cover letter to help accelerate the interview process and rapidly validate you have the right skills and knowledge for the role.1. You are managing the tax filings for an S corp that follows fiscal year. Explain all the key filing dates you need to track at a federal and state level?2. What documents have to be included with each filing for question 1?3. Explain how S corp disbursements work?4. How should an S corp manage disbursements when 100% have to be made by end of year but accounting may not be finalized to later follow year? Put in simple terms as you will report to the CEO.5. Say the owner uses the wrong credit card to pay. What account should the owner make in the books to track these transactions?6. How should these owner purchase transactions be refunded to the owner and per what cycle? (Related to question above)8. Say the business you are helping managing the books for has rental properties. The owner has added a new rental property to his portfolio which contains furnishes he had personally paid for 2-3 years ago, but they have little to no wear and tear / use. How would you quickly add these items to the books? What rules do you follow to quickly write off these new items as expenses for the owner in the books? (I.e., TV, Sofa).9. What are the top free / community resources you use to get information / knowledge to stay relevant as an accountant?10. What are the top paid resources you will recommend we acquire to support you in your role?Minneapolis, MN* Minneapolis, the other half of the Twin Cities, is a bustling metropolis that boasts a vibrant arts scene, a booming tech industry, and abundant natural beauty. The city is famous for its numerous lakes, parks, and outdoor activities, including ice skating in winter. Minneapolis is home to the Mall of America, the largest shopping mall in the United States, and a thriving theater community with many renowned venues. The city's strong commitment to sustainability and bike-friendly infrastructure has earned it a reputation as one of the healthiest and greenest cities in America.

Datasite is where deals are made. We provide the data rooms and SaaS technology used in M&A and other high-value transactions, to deliver projects in more than 170 countries. Carrying that success into the future is all about you. Your useful skills, your unusual experience, your unique ideas. Everyone here brings something unexpected. What's yours? Invest your talents in us, and we'll return the compliment.Job Description:Datasite is looking for a revenue professional who is excited to roll-up their sleeves and develop people, processes and systems that will scale with our growth. This highly visible position is responsible for leading the global revenue recognition accounting function. The position manages the revenue team and will be the subject matter expert for revenue recognition in accordance with ASC606, as well as closing the monthly books, driving operational process enhancements and integration of acquired companies' revenue processes.A successful leader in this role is someone who has strong ASC606 technical accounting experience as well as strong experience successfully working cross functionally with team members in legal, IT, sales, accounting, FP&A, billing, product, and marketing. Ideal candidates have a passion to improve processes, embrace change, and help us move the organization forward. An independent self-starter with strong attention to details and the ability to understand transaction workflows are key to success.They will also assist business leaders with defining key controls, audit processes, address and anticipate issues and opportunities in running the business. This role will report directly into the Global Finance Controller.Leadership Responsibilities:Promote the Company's Mission and Values, including an accountable, innovative, and results-oriented culture that promotes customer service, openness, teamwork, mutual trust, and respect.Provides guidance on ASC606 revenue recognition to the accounting team/organization.Provides revenue leadership in addressing business and operational challenges.Provides subject matter expertise to assist with forecasting and planning activities.Interviewing, hiring, training, developing, and managing employees.Duties and Responsibilities:Responsible for ensuring global revenue recognition is recorded in accordance with ASC606.Ownership of the monthly close process, ensuring accurate and timely reporting including controls over the revenue process, analysis and reporting, and process improvement. Works collaboratively with other functional leaders to ensure appropriate revenue recognition in accordance with new product launches, pricing changes, new customer contracts and new acquisitions.Research and document revenue recognition memos/whitepapers and advise on new accounting standards, new/changes in product offerings, new contracts and acquired companies' revenue recognition /processes.Conduct accounting policy and principles revenue accounting research and proactively advises management on the potential impact of emerging GAAP guidance and policies.Monthly Accounting Processes:Review Accounts Receivable / Bad Debt Reserves and related flux analysisReview Deferred and Accrued Revenue AdjustmentsReview revenue journal entries and assist revenue team in posting as required. Review Revenue reconciliations and Sales Credit ReservesReview/enhance Revenue MetricsReview/enhance Cost of Revenue analysisWork with legal, sales, finance, and project engineering personnel in reviewing revenue contracts to ensure adherence to company policies and verbalize any revenue recognition and operational issues.Assist with the maintenance and improvement of the internal control environment including general adherence and knowledge of controls and external audit procedures, as applicable. Ensures daily management activities are conducted in compliance with internal and external control requirements.Proactively identifies and addresses potential accounting errors/risks on an ongoing basis.Support external audits and reviews.Perform regular ad-hoc reporting and analysis projects.Oversee two revenue accountants as well as dottle line reporting for recent acquisitions.Education, Skills, and Experience:12 + years' accounting experience with a majority of the time spent overseeing revenue recognition and revenue operations preferably in SAAS(usage based) product offerings.Supervisory experience required. Public accounting (CPA) / private combo experience strongly desired.Bachelor's and/or master's degree in accounting.Subject matter expertise in ASC606 as well as demonstrated experience with revenue operations.Experience using Revenue Recognition software strongly preferred (i.e., RightRev)Salesforce experience strongly preferredStrong experience collaborating with Accounting, Finance, Tax, Legal, Operations, Treasury, and other key business partners.Self-starter who thrives in high growth environment and is comfortable with autonomy and accountability.Strong analytical, critical thinking and logical reasoning skills, including complex problem solving, troubleshooting and decision making as well as good judgement and strong operational focus.Ability to define problems, collect data, establish facts, and draw valid conclusions.Ability to present technical, numerical, complex data and key business drivers to stakeholders as well as train on key business drivers.Possess excellent organizational, verbal, and written communication skills.Strong Microsoft excel, word and power point skills.Hybrid or remote arrangement acceptable.Minimal travel may be required.The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, each candidate's compensation offer may vary and will be determined based on but not limited to, your geographic region, skills, qualifications, and experience along with the requirements of the position. Datasite reserves the right to modify this pay range at any time.Salary Range - $124,290 - $215,600As a global organization, Datasite knows that diverse perspectives are essential to our success. We're committed to maintaining a diverse workforce to serve our customers around the world. Datasite is an equal opportunity employer (EEO) and furthers the principles of EEO through Affirmative Action.