Part-Time Accountant

Part-Time Accountant – Personal Accounts & Income Tax

Location: Mumbai (Tardeo)Nature of role: Part-time / RetainerWork location: Games2win office, Mumbai.

We are looking for an experienced part-time accountant/tax accountant to manage the personal books and ongoing Income Tax computations for the promoter family.

The assignment is not very large in terms of transaction volume. However, we need someone experienced and hands-on who can independently take responsibility for the entire process—from maintaining books in Tally to preparing an updated Income Tax computation that is ready for review by our Chartered Accountant.

What the Role Involves

1. Maintain Books in TallyMaintain and regularly update personal books of accounts in Tally, including:Bank and credit-card transactionsSalary and other incomeRental/property income and expensesInterest and dividendsIndian investments and securitiesPurchase and sale of sharesOverseas investments, particularly US stocksForeign currency transactionsCapital gains/lossesOther personal accounting entriesBooks should be properly reconciled and able to produce an accurate Trial Balance, Profit & Loss Account, and Balance Sheet.

2. Prepare Ongoing Income Tax ComputationTake the completed accounts/Trial Balance from Tally and use professional Income Tax computation software such as Wingman, KDK, ClearTax or equivalent to maintain a complete Computation of Income. (We can provide the same)

This should cover, as applicable:SalaryHouse property/rental incomeInterest and dividendsIndian investmentsShort-term and long-term capital gains/lossesOverseas investments and US stock transactionsForeign income and foreign assetsTDS / Form 26AS / AISAdvance tax paidApplicable deductionsBrought-forward lossesEstimated current-year Income Tax liabilityWhere information cannot be obtained directly from Tally, the accountant should know what broker statements, tax documents, schedules and supporting information are required and how to incorporate these into the tax computation.

3. Monthly Tax Planning & CA-Ready Output

Our objective is to maintain our accounts and tax position monthly. Every month during the year, we should be able to see:Updated P&LBalance SheetIncome earnedCapital gains/lossesEstimated taxable incomeEstimated Income Tax liabilityAdvance tax already paidFurther advance tax payableMaintain the final computation and supporting schedules so they can be handed over to our Chartered Accountant for review and final filing.

Candidate Profile – Who We Are Looking For

We are looking for someone with practical accounting and taxation experience, not simply a Tally/data-entry operator.

Ideal experience: approximately 8+ years in accounting and individual taxation.

Suitable candidates could include:An experienced accountant currently working, or previously having worked, in a Chartered Accountant firmA CA Inter / CA Final candidate with substantial hands-on taxation experienceAn accountant who has handled the personal accounts and taxation of promoters, business owners, senior executives or HNI familiesAn independent accounting/tax professional handling a small portfolio of clientsA semi-retired or experienced senior accountant looking for a regular part-time assignment.

The person does not need to be a qualified Chartered Accountant. Practical experience and the ability to independently produce accurate accounts and tax computations are more important.

Essential Skills

The candidate must have:Strong hands-on knowledge of TallyGood working knowledge of Indian Income Tax for individualsExperience preparing Computation of IncomeExperience using professional Income Tax computation softwareAbility to prepare/review a Trial Balance, P&L and Balance SheetUnderstanding of capital gains and stock-market transactionsGood Excel skillsStrong reconciliation and accounting discipline

Experience with the following would be a significant advantage:HNI/personal taxationUS/international stock investmentsForeign currency transactionsForeign income and assetsReading broker statements and preparing capital-gains workingsAdvance-tax calculations.

Nature of Engagement

This is not a full-time job.

The person can work on a part-time/retainer basis and come periodically to the Games2win office in Mumbai to update and review the accounts.We are looking for a long-term engagement with someone dependable who can understand the accounts thoroughly and keep both the books and tax computations continuously updated.