Tax Associate

A. Company Overview

At Elevate, we partner with forward-thinking accounting firms to transform them into industry leaders. Our proven model streamlines operations, boosts financial performance, and unlocks new avenues for growth—creating enduring value for founders, teams, and clients alike.

We specialize in empowering firms to thrive in today's competitive landscape through strategic integration, innovative systems, and a deep respect for each firm's legacy. By combining operational excellence with visionary leadership, Elevate helps firms scale sustainably while preserving the culture and reputation they've built over time.

Join us in shaping the future of accounting—where tradition meets transformation.

B. About Your Role

We are seeking a highly qualified and dedicated Associate – Tax to join our esteemed tax team. In this role, you will provide critical support to our U.S.-based financial operations, contributing to tax compliance and the delivery of accurate and timely reporting.

This opportunity is ideal for professionals with a deep understanding of tax and accounting principles and U.S. GAAP compliance, who excel in dynamic, collaborative environments driven by innovation, continuous improvement, and cross-border teamwork.

The ideal candidate is meticulous, analytical, and proactive, with a strong attention to detail and a collaborative mindset—committed to delivering excellence and driving meaningful impact within a high-performance culture.

C. Key Responsibilities

• Prepare and review U.S. federal and state tax returns (1065, 1120S, 1120) for general contractors, subcontractors, and developers.
• Perform multi-state apportionment analysis and nexus determination for construction entities operating across jurisdictions.
• Analyze percentage-of-completion (POC) and completed-contract methods for accurate tax treatment.
• Handle depreciation schedules and Section 179/bonus depreciation related to heavy equipment and fixed assets.
• Assist in preparation of K-1s, tax basis calculations, and reconciliation of book-to-tax differences for construction clients.
• Communicate with U.S. engagement teams to resolve open items and clarify construction-specific tax positions (e.g., look-back calculations).
• Perform research on construction tax topics, including IRC §460, §199A, and contractor-specific tax credits or deductions.

D. Required Qualifications & Experience

Qualification:

• Bachelor's degree in Accounting, Finance, or Commerce.
• CPA, EA, or pursuing is a plus.

Experience:

• 1–3 years of experience in U.S. tax preparation (construction or real estate clients preferred).
• Ability to interpret U.S. tax laws as applied to contractors.

Essential Technical Skills:

• Strong understanding of construction entity structures: LLCs, S-corps, and partnerships.
• Familiarity with GoSystem Tax RS or CCH Axcess
• Solid understanding and proven practical application of US GAAP accounting standards and methodologies.
• Exceptional analytical, problem-solving, organizational, and multitasking skills.
• Exceptional proficiency in written and verbal English communication, enabling clear and effective collaboration with U.S.-based teams and stakeholders.
• Proven ability to work independently, prioritize tasks efficiently, and adhere strictly to deadlines.

Preferred but not mandatory skills or experiences:

• Excellent academic performance with top-quartile results throughout educational & professional qualifications.

E. Benefits & Perks

• Health Insurance for you and your dependents including parents
• Provident Fund
• 3 % Fixed CTC Budget for Learning Opportunities
• Market Leading Leave Policy
• Paid Holidays per Calendar Year
• Employee Recognition & Rewards
• One of the best cultures of benevolent meritocracy

F. Job Details

• Title : Associate - Tax
• Annual Compensation: As per Industry Standard
• Work Schedule : Office
• Nature : Full time
• Shift : 9-hour shift between 5 PM – 5 AM IST
• Location : Delhi, India