Full-Time
Tax Director
Confirmed live in the last 24 hours
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
Senior, Expert
San Antonio, TX, USA
Position requires onsite presence in San Antonio, TX.
- Bachelor's degree in accounting
- CPA certification
- Minimum 8 years of experience in handling consolidated U.S. federal income tax returns, multi-state income tax returns, and income tax accounting
- Strong knowledge of tax regulations and compliance requirements
- Review federal and multi-state income and franchise tax returns, along with all supporting workpapers.
- Review quarterly estimated tax payments.
- Address and resolve tax notices and handle other miscellaneous tax-related matters.
- Prepare supporting calculations for interim and annual income tax provisions.
- Provide requested tax information to various departments within the organization.
- Ensure adherence to established income tax processes and procedures by overseeing internal control activities.
- Work with the Partners to identify and implement tax planning initiatives and process improvements.
- Supervise a team of staff-level tax accountants.
- Advanced degree with a focus on U.S. taxation (preferred)
Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are nearing retirement. The company purchases these businesses and gradually transfers ownership to the employees, starting with 10% of the stock and increasing to 80% over 20 years. This approach helps maintain business continuity and prevents job losses that can occur when a business is sold to an outside buyer. Teamshares generates revenue from the profits of the businesses it acquires and also offers proprietary software, education, and financial products. By promoting employee ownership, Teamshares not only supports the financial stability of employees but also strengthens the local economy by preserving small businesses. The company differentiates itself by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.
Company Stage
Debt Financing
Total Funding
$214.3M
Headquarters
New York City, New York
Founded
2019
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↑ 1%
Simplify's Take
What believers are saying
- Teamshares plans to expand into Japan, supported by major financial institutions.
- The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
- Increased interest in employee ownership models supports Teamshares' mission and growth.
What critics are saying
- Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
- Increased competition from platforms like SKROL could challenge Teamshares' market position.
- Reliance on debt financing could increase financial risk if businesses underperform.
What makes Teamshares unique
- Teamshares is a market leader in small business employee ownership with 84 acquisitions.
- The company uniquely transitions 80% ownership to employees over 20 years.
- Teamshares provides proprietary software, education, and financial products to acquired businesses.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
401(k) Retirement Plan
Profit Sharing
Paid Parental Leave