Broadfield UK (formerly BDB Pitmans) is a law firm that serves mid-market clients, with deep expertise in multiple practice areas and a strong commitment to client service. As trusted advisors in navigating complexities of law, the Broadfield team is comprised of entrepreneurial experts and leaders who provide legal strategies and solutions tailored to meet the unique needs of each client. With offices currently in London, Cambridge, Reading and Southampton. The teamOur Private Wealth team provide advice on UK and international tax and estate planning, trusts and trust administration, landed estates and immigration. They also work closely with colleagues in other departments to provide assistance to individuals with matters related to residential property, employment, business affairs and family law. The opportunityThe main duties will include:
* Preparation of annual trust accounts, completion and submission to HMRC of annual tax returns and arranging all the tax payments
* Preparation of charitable accounts in accordance with the Charities SORP
* Dealing with the reporting of trusts for CRS, FATCA and the Trust Registration Service and other compliance matters
* Maintaining excellent and up to date records of all trust documents, information and transactions
* Liaising with trustees and beneficiaries of trusts as required and communicating with partners and fee earners about relevant trusts
* Arranging trust distributions, including working with solicitor's to draft required documents
* Liaising with the property managers, the investment managers and financial advisors concerning the trusts' investments
* Arranging and attending trustees' meetings, preparing reports where required and taking minutes
* Calculation of tax and completion of IHT forms for ten year anniversary and exit charges
Candidates with an accounting qualification and a minimum of 5 years experience of trust accounting and management
* Good knowledge of trusts and the administration of different types of complex trusts (including those with sub-funds)
* Have had good experience of dealing with trusts receiving rental income associated commercial property expenses
* Good knowledge of all income tax, capital gains tax and inheritance tax
* Good working knowledge of an accounting software package (preferably CCH Central) or accounting spreadsheets for tax return preparation
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