YOGESH KUMAR
Delhi
Summary
Dynamic tax professional with extensive experience at EXL, excelling in withholding and sales tax compliance. Proven track record in journal entries preparation and tax account reconciliation, coupled with strong problem-solving skills. Committed to process improvement and delivering accurate results, ensuring compliance with federal and state regulations.
Overview
9
9
years of professional experience
Work History
Lead Assistant Manager
EXL
Noida
05.2022 - Current
- Daily Withholding Deposits & Payments Review: Oversee and review daily withholding tax deposits and payments for both Federal and State jurisdictions to ensure accuracy and compliance with applicable laws and regulations.
- Monthly State Withholding Returns Review: Conduct thorough reviews of monthly state withholding tax returns to confirm correctness, address discrepancies, and ensure timely filing with state agencies.
- Withholding Tax Reconciliation: Prepare and maintain detailed withholding tax reconciliations on a monthly and quarterly basis, ensuring alignment across different stakeholders and systems.
- Monthly/Quarterly Balancing: Coordinate monthly and quarterly balancing efforts, working with key stakeholders to ensure the accuracy of withholding data and resolving any discrepancies.
- Quarterly Withholding Return Packets: Compile and prepare complete quarterly withholding return packets, ensuring all necessary documentation and supporting materials are included for timely submission.
- Quarterly Returns Review: Review quarterly withholding tax returns for accuracy, completeness, and compliance with Federal and State regulations. Address any issues or adjustments as required.
- Journal Entries for Reclassification, Reversals, and Write-Offs: Prepare and post journal entries related to reclassification, reversal, and write-off of withholding tax items to ensure proper accounting and financial reporting.
- Preparation of Documents for Form 941 & 945: Gather and prepare all necessary documentation and data to facilitate the accurate and timely completion of Form 941 (Employer's Quarterly Federal Tax Return) and Form 945 (Annual Return of Withheld Federal Income Tax) for submission to the IRS.
- Tax Rate Updates & Compliance Packets: Ensure that all applicable sales and use tax rates are accurately updated in compliance packets. Regularly review and adjust tax rates as necessary to align with state and local tax changes and maintain compliance.
- Vendor Reports and Use Tax Liabilities: Process and analyze vendor reports to assess and calculate use tax liabilities, ensuring proper reporting and timely payment. Identify and resolve discrepancies between sales tax paid and use tax owed.
- P-Card Use Tax Assessment: Evaluate and assess use tax associated with P-card (procurement card) transactions, ensuring that appropriate use tax is accrued and reported as part of the company's tax compliance obligations.
- AvaTax Report Download and Review: Download sales tax data from Avalara's AvaTax system to reconcile sales tax transactions. Ensure that the data is accurate, complete, and compliant with state and local regulations.
- Monthly/Quarterly/Annual Returns Review: Review and ensure the accuracy of monthly, quarterly, and annual sales and use tax returns. Address any discrepancies and ensure all required information is correctly reported to the relevant tax authorities.
- Sales and Use Tax Reconciliation: Perform regular reconciliations of sales and use tax data, ensuring that general ledger entries align with reported tax liabilities. Investigate and resolve any variances or discrepancies that arise.
- Sales and Use Tax Payment Journal Entries: Prepare and post journal entries related to sales and use tax payments, ensuring accuracy and compliance with financial reporting standards. Maintain records of all tax payments for audit purposes.
- State Notices Handling (WH & Sales/Use Tax): Manage and respond to state-issued notices related to both withholding and sales/use tax. Ensure timely and accurate responses to inquiries or demands for payment, and resolve any issues related to tax assessments.
- Business License Renewal Process: Oversee and manage the business license renewal process, ensuring all required applications and payments are submitted on time to maintain proper registration and compliance in each jurisdiction
Management Trainee
Genpact
Noida
02.2020 - 05.2022
- Review monthly, quarterly, and annual Sales and Use Tax returns to ensure accuracy and compliance.
- Validate Accounts Payable (AP) vouchers to assess applicable Use Tax and ensure proper tax treatment.
- Manage business licenses related to Sales and Use Tax across applicable jurisdictions.
- Prepare and reconcile monthly Balance Sheet accounts, ensuring accuracy and timely resolution of open items.
- Perform regular follow-ups and implement corrective actions on outstanding reconciliation issues.
- Conduct control checks in alignment with SOX and audit requirements to ensure full compliance with internal policies and client procedures.
- Prepare monthly journal entries, including Ariba accruals/actuals, general ledger reclassifications, and write-off entries.
- Report aged GRIR (Goods Received/Invoice Received) items to the procurement team for timely resolution and clean-up.
- Actively involved in blueprinting activities during key process transitions for a major client.
- Participated in remote knowledge transfer sessions with the client during the COVID-19 pandemic.
- Develop and update Standard Operating Procedures (SOPs) to reflect current processes and best practices.
Analyst
Accenture
Gurugram
09.2016 - 02.2020
- Utilize project reports, Excel, and various internal reporting tools to prepare Sales and Use Tax returns and payments for assigned states with moderate to high complexity on a monthly, quarterly, and annual basis.
- Ensure accurate recording of tax accounting transactions and timely reconciliation of clearing accounts.
- Respond to tax compliance inquiries from Enterprise Accounting Services, Finance Business Partners, and other internal departments.
- Collaborate with Architecture and Construction (A&C) teams and administrative accounting staff to identify and resolve tax accrual issues.
- Interface directly with state and local tax auditors and provide timely responses to relevant stakeholders during audits of assigned jurisdictions.
- Conduct tax research using Vertex, Reuters RIA Checkpoint, and other research tools to ensure compliance and accuracy.
- Train and mentor new team members to support a high-performing, efficient team environment.
- Coordinate with the Legal Department to ensure accurate and timely tax registrations.
- Prepare and distribute daily dashboard reports to key stakeholders.
- Assist with month-end close activities and support various special projects as assigned.
- Proactively identify opportunities to improve processes, enhance quality, increase productivity, and optimize service delivery.
Education
Graduate Certificate - Accounting and Finance
Rajdhani College
Delhi07-2014
Skills
- Withholding tax compliance
- Sales and Use tax compliance
- Journal entries preparation
- Tax return preparation
- Process improvement
- Tax account reconciliation
- Sovos LTtax
- Sovos Taxport
- Vertex
- PeopleSoft
- SAP
- Workday
- Blackline
- CCH Tax
- Bloomberg Tax
- Avalara
Accomplishments
- Nominated for the 'Numero Uno' award
- Nominated for 'Invincible Award' for Automation.
Timeline
Lead Assistant Manager
EXL
05.2022 - Current
Management Trainee
Genpact
02.2020 - 05.2022
Analyst
Accenture
09.2016 - 02.2020
Graduate Certificate - Accounting and Finance
Rajdhani College
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