Headquartered in Princeton, N.J., USA, Withum provides a gamut of services in the financial sector, including accounting, auditing, employee benefit services, pension plans services, tax services, litigation support, business valuation, insolvency services, transaction advisory services, and management consulting.
The firm takes its name from Frederick Withum, Leonard Smith, and Ivan Brown, who founded their self-titled company in 1974 in Middlesex County, N.J., USA. The firm’s founders began their careers at larger accounting firms, and when they struck out on their own, their idea was to provide personalized service to companies that were still growing. They also decided that they wanted their firm to be "people‐focused," putting the emphasis on both client service and staff development.
At its inception, Withum’s business was conducted by six professionals; today, the firm has a staff of over 1,200, including more than 160 partners and principals, many of whom contribute articles and perspectives to major news and trade media such as The Wall Street Journal, Fox News Channel, Financial Executive Magazine, Forbes.com and INSIDE Public Accounting. Withum has offices, in New Jersey, Massachusetts, New York, Florida, Pennsylvania, Virginia, California, and District of Columbia in USA. The International locations are at Cayman Islands and Bengaluru in India.
Withum has majority of its offices have more than 100 team members. It is affiliated with HLB International, a global network of accountants and business advisors. As a member of HLB, we offer international knowledge and expertise that our clients can rely upon, providing direct access to professional accountants and business advisors in over 130 countries. We have a history of innovation, collaboration and are dedicated to helping our clients grow across borders
Our clients represent a broad spectrum of industries and range in size from small, entrepreneurial startups to billion‐dollar, publicly held companies. Our stability has permitted us to develop long‐term relationships in the banking, legal and financial services fields. Withum has strong roots in the business community and communities where we live. We are involved in a broad range of civic and charitable activities, a further indication of our commitment to the communities in which we are based. This is our culture. This is the Withum Way.
Withum started its office in India in 2019 and has grown to the staff of 150 employees at Bangalore office. We continue to serve our USA counterpart and ensure that the business requirements are met with the commitment towards our values and embracing our culture
Withum is a place where talent thrives - where who you are matters. It’s a place of endless opportunities for growth. A place where entrepreneurial energy plus inclusive teamwork equals exponential results. Withum empowers clients and our professional staff with innovative tools and solutions to address their accounting, tax and overall business management and operational needs. As a US nationally ranked Top 25 firm, we recruit only the best and brightest people with a genuine passion for the business.
Withum’s Tax Services Group is made up of a brilliant team of tax specialists that work to ensure tax reporting obligations are met in an accurate and timely manner and minimize or defer the payment of taxes. Their comprehensive understanding of international, US federal, state, and local regulations, counting our affiliation with HLB international, allows them to help develop economical tax strategies anywhere. Their services include Business, Individual, State & Local tax, R&D Tax Credit, as well as International and Private Client services.
Withum’s brand is a reflection of our people, our culture and our strength. Withum has become synonymous with teamwork and client service excellence. The cornerstone of our success can truly be accredited to the dedicated professionals who work here every day, easy to work with a sense of purpose and caring for their co-workers and whose mission is to help our clients grow and thrive. But our commitment goes beyond our clients as we continue to live the Withum Way, promoting personal and professional growth for all team members, clients, and surrounding communities.
How You’ll Spend Your Time:
Preparation of Complex 1065-Partnership returns for Hedge Funds, Private Equity, Venture Capital Funds, Fund of Funds (federal & state jurisdictions returns).- Detail review of simple and moderate returns of partnership and S-Corporation both federal and state jurisdiction (Financial Services)
- Advanced knowledge of tax allocations, waterfall, carry, instalment Sales.
- Advanced understanding of derivatives.
- Advanced understanding of Temporary and permanent adjustments.
- Advanced understanding of favorable and unfavorable adjustments.
- Advanced understanding of Sec 163J and Sec 199A.
- Advanced understanding of 1042, 8805, state withholding forms.
- Complete understanding of Schedule M-1, Schedule M3.
- Advanced understanding of types of investors (Limited and General Partners).
- Advanced understanding of Management companies, GP entities, identifying M-1’s.
- Book to tax adjustment for accruals and prepaids. Guarantee payments – Concept and applications on the tax returns.
- Identify potential adjustments due to tax law changes and reflect on workpapers and returns.
- Assist staff in addressing the tax issues with proposed solutions.
- Working level experience of international returns along with review capabilities. Ability to identify category of filings per facts related to respective tax years.
- Train and mentor new joiners on tax concept and technology.
- Share the detailed review feedback with staff along with resolutions to tackle those.
- Ability to manage the kickoff calls independently or with little support from Managers.
- Ability to connect with US counterparts and keep track on the budget assigned for each task.
- Knowledge of efile validation and diagnostics of returns and connect Go support for efile diagnostics clearing.
- Ability to identify and review of potentials book to tax (Sch M-1) adjustments.
- Ability to deep dive into the depreciation and gain/loss.
- Ability to analyze financial statements and seek relevant details.
- Advance level tax technical knowledge on state tax returns, applications, nexus and filing requirements.
- Clear understanding of partners tax capital accounts.
- Ability to perform proper self-review of complex work before moving the task for review.
- Document open items and share updates with reviewer and vice versa in completing tax returns within set deadlines.
- Ability to work/review on multiple projects simultaneously and correspondence with aligned reviewer on status.
- Knowledge of efile validation and diagnostics of returns and connect Go support for efile diagnostics clearing.
- Hands on experience on tools and applications.
- Work towards tax technical skills enhancement by working on secondary and cross skills set and able to drive this with staff and help them to grow.
- Qualification: Commerce Graduate/Postgraduate
- Experience: 3-6 years in US Taxation.
- The candidate should possess good communication and drafting skills with a work-based demonstrated affinity in pursuing a career in customs matters.
- The candidate should demonstrate integrity and energy and possess independent working ability and have a collaborative mindset
- Active communicator and a great team player
- Ability to plan, prioritize, and organize work effectively
- Ability to balance many projects simultaneously
- Ability to work under pressure and time deadlines
- Ability to work independently
- Ability to be flexible with scheduling to meet workflow demands
- Ability to present a professional appearance and demeanor
- Ability to maintain client confidentiality, personal objectivity, and professional skepticism
Website: www.withum.com
Withum will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran.
