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Career Field Project

Job Description: Accountants and auditors prepare and examine financial records. They ensure
that financial records are accurate and that taxes are paid properly and on time. Accountants and
auditors assess financial operations and work to help ensure that organizations run efficiently.
The accounting position is typically a full time position with some required overtime during peak
seasons. Most employers require a candidate to have a bachelors degree in accounting or a
related field. Certification within a specific field of accounting improves job prospects. For
example, many accountants become Certified Public Accountants (CPAs).
The Cost of Replacement
When recruiting a new hire there are several potentially high costs involved, they range from:
advertisement, time cost of internal recruiter, time cost of recruiter's assistant in reviewing
resumes and performing other recruitment-related tasks, time cost of the person conducting the
interviews, drugs screens and background checks, and various pre-employment assessment tests.
Although not every new hire will demand the entire process, but even an $8/hour employee can
end up costing a company around $3,500 in turnover costs, both direct and indirect.
The Cost of Training
Recruitment is the first step in the process; once the right person is in place, businesses need to
provide adequate training so the new employee can do the work and start producing for the
company. Training is one of the costliest investments a company can make. In a report from
Training magazine in 2007, companies spent an average of over $1,200 annually per employee.
In 2005, employees spent an average of 32 hours per year on training. Those figures dont just
represent new hires that would not only require the same on-the-job training and continuing
education as current employees, but the additional hours and cost of orientation and initial job
training.
The Cost of Salary + Benefits
The obvious cost of a new employee is the salary which comes with its own bundle of side items,
as well. Benefits range from the minor - free coffee to the major such as gym memberships, life
insurance, disability coverage, dental plans, and tuition reimbursement. According the Boston
Business Journal, the salary plus benefits usually totals "in the 1.25 to 1.4 times base salary
range." As an example: the salary plus benefits package for a $50,000/year employee could equal
$62,500 to $70,000. Hiring a new employee isn't a decision that should be taken lightly, as it
doesn't fall lightly on the company budget. Estimates range from 1.5x to 3x of salary for the all
in cost of an employee - the cost including things like benefits, taxes, equipment, training, rent,
etc.

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Post for Monster.com

Position Description: Tax Accountant

Basic Function: The tax accountant position is accountable for the collection of tax-related
information, reporting to taxation authorities at the federal, state, county, and local levels in a
timely manner, and advising management on the tax impact of various corporate strategies.

Principal Accountabilities:
1.

Devise tax strategies to defer or eliminate tax payments

2.

Create tax data collection systems

3.

Complete required tax reporting in a timely manner

4.

Prepare and update tax provision schedules

5.

Update the company sales tax database as tax rates change

6.

Coordinate audits by various taxation authorities

7.

Research and correct process errors that caused incorrect tax filings

8.

Negotiate with tax authorities over tax payment issues

9.

Research the basis for tax positions to be taken

10.

Advise management regarding the tax impact of corporate strategies

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11.

Advise management on the impact of new laws on tax liabilities

12.

Coordinate outsourced tax preparation work

13.

Identify tax savings in prospective acquisition scenarios

Desired Qualifications: 3+ years of tax accounting experience. Bachelor's degree in accounting
preferred, or a tax concentration within an accounting program. Must be detail oriented.

Recruiting through Social Media

Young professionals are still one of the biggest demographics on Facebook every day and its
very easy to target them. The job board page can and should be a standard tab on any Facebook
page for companies that routinely scout for new talent. With the SocialBio app you can post and
maintain your job listings on a job board tab, but job seekers can also connect and see who at
your company they might be connected to or share a common interest with. Using all of the
various Facebook fields such as education, philosophy, interests and art, a job seeker might be
able to learn a great deal about the employees at an organization and find people within an
organization that could champion their job search. The app also allows you to reach out to people
they match with, but without the pressure of responding.
Finding Candidates with Ads
The second element is the fact that you can target ads so narrowly on the social network. The
Facebook ad platform lets you target a specific audience for your ads through filters such as
educational background, work experience, geographical location and interests. The targeting is
so precise that you could actually create ads that only target the employees of your competitors.
This not only allows you to focus on recruiting the most qualified candidates, but also allows you
to significantly decrease your marketing dollars spent on advertising open positions.

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Training and Education

Certified public accountants (CPAs) perform accounting, tax and auditing services for
public accounting firms, businesses or individuals.
To earn this credential, you'll need to complete formal education, gain experience and
pass a 4-part certification exam. An undergraduate or graduate degree in accounting,
finance or auditing will give you a solid foundation for becoming an accounting or
auditing professional and provide you with the background necessary to apply for the
CPA exam in your state. You may also gain experience through internships and entrylevel jobs.
Educational Requirements
Associate and bachelor's degree programs in accounting - or undergraduate business
programs with accounting emphases - teach the application and analysis of financial
statements, accounts receivable, inventory, assets, liabilities and computer-based
accounting applications. Courses in federal taxation or income tax accounting give you
an overview of codes and procedures for preparing and filing individual and business tax
returns. You'll also complete courses on internal and external auditing procedures and
learn about the American Institute of Certified Public Accountants (AICPA), federal
agencies and court rulings.
Financial reporting courses cover accounting standards in the United States and other
countries. These focus on cash accounting, receivables, inventories, assets and liabilities.
Advanced financial reporting will teach you about entities such as pensions, benefits,
leases, error analysis and procedural changes.

Recruiting Sites
Facebook-http://facebook.jobsbucket.com/search?kid=19479067025&kw=Facebook
%20Jobs&bkw=facebook
%20jobs&cid=wQ0LGER0OUIT7VLVG2LHMLIO&src=bing&q=facebook
%20jobs&d=Facebook&gclid=&url=
Indeed-

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http://www.indeed.com/

Reference:
http://www.accountingtools.com/job-description-tax-accountant
https://www.americanexpress.com/us/small-business/openforum/articles/how-to-use-facebookto-recruit-employees/
http://learn.org/articles/What_Training_Is_Necessary_to_Become_a_CPA.html