Tax Associate, Teamshares
+ Equity
More information about location
Creating employee-owned small businesses
Be an early applicant
Creating employee-owned small businesses
101-200 employees
Be an early applicant
+ Equity
More information about location
101-200 employees
Company mission
Teamshares is on a mission to put $10 billion of wealth in the hands of hardworking Americans.
Role
Who you are
- Bachelor’s degree in accounting
- 1-2 years accounting experience preferred but we welcome applicants with strong foundational knowledge and a willingness to learn
- Experience with tax reporting software preferred
- General ledger accounting experience preferred
- CPA/CPA candidate a plus
- Strong computer skills: proficiency in Outlook, Word, PowerPoint (and the Google equivalent) and knowledge of Excel
- Experience with ERP systems and financial reporting software preferred
- Ability to react in a fast-changing environment with multiple deadlines
- Ability to quickly acclimate to new software
- Ability to communicate effectively with a proclivity to educate across all company functions a must
What the job involves
- The Tax Accountant position is responsible for assisting with the preparation of income tax provisions, income tax compliance, miscellaneous filings, tax account reconciliations and journal entries along with special projects as needed
- As a Tax Accountant with Teamshares, you will play a key role in leveraging cutting-edge tax technology and automation tools to drive efficiency, accuracy, and innovation in our tax processes
- Assist with the preparation of the quarterly and annual income tax provision in accordance with ASC 740
- Timely prepare, file, and submit payments for income tax filings
- Collaborate on the annual calculation and preparation of federal and state extensions utilizing OneSource Allocation and Apportionment platform
- Assist with the annual preparation of federal and state corporate income tax returns utilizing OneSource Income Tax platform
- Help with the preparation and maintenance of data used for apportionment and annual income tax returns including data uploads and book to tax calculations
- Provide support with the calculation and dissemination of quarterly inter-company cash taxes to subsidiaries
- Maintain tax calendar for company filing obligations
- Manage correspondence from taxing authorities and respond timely
- Research and stay current of changes to tax laws and other compliance related requirements
- Assist with special projects and implementation of process improvement initiatives as required in alignment with Department and Company initiatives
- Prepare 1099 forms for mailing to taxable recipients
- Identify and implement automation opportunities to improve tax workflow efficiency
- Utilize data analytics tools to support tax planning and compliance
- Collaborate with IT and finance teams to integrate new tax software solutions
Our take
Small, local businesses often live and die with the careers of their founders. Few of these business are bought when founders retire, leaving holes in communities and owners without the retirement payout they deserve. That’s where Teamshares steps in, by buying small business as their owners retire, and then returning them to employee ownership.
Teamshares has developed its own software that not only assists with the employee buyout transaction, but also covers general operations, financial advice and assistance as the employees gain ownership of the companies. It’s a model that puts long-standing workers first - an approach that has gained the company plenty of positive attention.
Teamshares has certainly found its niche by supporting participatory capitalism, in which companies can continue operations owned by those with the greatest interest and know-how to do so. So far, it has brought employee ownership to more than 80 small businesses, creating over 2000 new employee-owners. Additionally, in 2024 it announced a cumulative $225 million in debt financing, which will support further scaling efforts and accelerate product development.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
31% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2023
$124m
SERIES D
Nov 2021
$90m
SERIES C
Total funding: $220.3m
Company benefits
- Remote-first
- Location-independent salary
- Comprehensive health coverage, 100% paid for by Teamshares
- Parental leave - 3 months for partners, +3 additional months for a delivering parent
- Retreats & offsites - We come together twice a year at great locations
- Building Wednesday - No internal meetings on Wednesdays so you can focus on deep work
- Remote office stipend
Company HQ
Brooklyn Heights, NY
Leadership
Michael Brown
(Co-founder)Previously worked as an Investment Banker Analyst and Research Associate in Areospace and Defence at Morgan Stanley. They were also a Director at Perella Weinberg Partners, and are still employed as a Director at All Type Electric, and Partner at Coles Bay Group.
Alex Eu
(Co-founder)Alongside Teamshares, they are a Director at All Type Electric, a Partner at Coles Bay Group and a Part Owner of Libero Sports. They were previously Co-president of Multin Electric and a member of the Investment Team at TCG.
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