Arkansas accountant employment contract template

Arkansas Accountant Employment Contract

This Arkansas Accountant Employment Contract ("Agreement") is made and entered into as of [Date], by and between [Employer Legal Name], a [State] [Entity Type] with its principal place of business at [Employer Address] ("Employer"), and [Employee Legal Name], residing at [Employee Address] ("Employee").

1. Position and Job Duties

Option A: The Employer hires Employee as a full-time Accountant.

Option B: The Employer hires Employee as a [Part-time/Contract] Accountant.

• The primary responsibilities of the Employee are:
• Managing the general ledger.
• Processing accounts payable and receivable.
• Administering payroll.
• Preparing monthly, quarterly, and annual financial statements.
• Preparing budgets and performing variance analysis.
• Reconciling bank accounts.
• Maintaining fixed asset registers.
• Preparing and filing federal, state, and local tax returns and forms, including Arkansas franchise taxes and sales/use taxes.
• Ensuring compliance with Arkansas tax deadlines.
• Managing accounting records according to Arkansas record retention standards.
• Providing periodic audit support and internal control testing.
• Communicating with external auditors, regulators, and the Arkansas Department of Finance and Administration if required.
• Other duties as assigned.

The Employee must possess [Specify Required Qualifications, e.g., Arkansas CPA license, X years of experience]. The Employee must also keep required license and qualification active and up-to-date.

2. Reporting and Supervision

Option A: The Employee will report directly to the [Job Title].

Option B: The Employee will report to the [Job Title], who will report to the [Job Title].

• Work product review will occur [Frequency, e.g., weekly, monthly].
• Coordination with Arkansas-based finance staff will be [Frequency, e.g., daily, weekly].

3. Work Location and Remote Work

Option A: The primary work location is [Arkansas Office Address].

Option B: Hybrid/Remote Work Arrangement

• The Employee may work remotely [Number] days per week.
• The Employer will provide secure access to Arkansas-based financial data.
• The Employee must adhere to privacy and confidentiality requirements under Arkansas Code § 4-110 and federal laws (e.g., GLBA, HIPAA).
• The Employee must adhere to protocols for offsite accounting activities.

4. Employment Status and Work Hours

Option A: The employment is full-time, defined as [Number] hours per week.

Option B: The employment is part-time, defined as [Number] hours per week.

• The workweek is structured as [Days of the week].
• Expected office hours are [Start Time] to [End Time].
• The Employee is entitled to Arkansas-mandated meal and rest periods.
• The Employee is [Exempt/Non-exempt] from overtime under the Arkansas Minimum Wage Act and FLSA.
• Flexible working arrangements are [Permitted/Not Permitted] subject to [Conditions].
• The Employee must adhere to the Employer's timekeeping and attendance policies.

5. Compensation

Option A: The Employee's base annual salary is [Amount], payable [Semimonthly/Biweekly] via [Direct Deposit/Check].

Option B: The Employee's hourly wage is [Amount], payable [Semimonthly/Biweekly] via [Direct Deposit/Check].

• Overtime will be compensated at a rate of [Rate] in accordance with the FLSA.
• Bonus structures: [Describe Bonus Structure, e.g., based on financial reporting accuracy, process improvement].
• Equity/Profit-Sharing: [Eligible/Not Eligible]. If eligible, details are outlined in [Document Name].

6. Benefits

Option A: The Employee is eligible for the following benefits:

• Health, vision, and dental insurance.
• Employer contributions to [401(k)/SIMPLE IRA] retirement plan.
• [Number] days of paid vacation and [Number] days of paid sick leave in accordance with Arkansas and company policy.
• Paid holidays: [List Holidays].
• Reimbursement for AICPA or Arkansas Society of CPAs membership dues.
• Reimbursement for CPE and CPA licensing costs.
• Local travel and mileage reimbursement for audit or financial reporting activity within Arkansas.
• Long-term disability insurance.
• Professional liability coverage.

Option B: The Employee is not eligible for benefits.

7. Confidentiality

The Employee must maintain the confidentiality of sensitive financial, payroll, and tax information.

The Employee must not disclose business trade secrets or client information, complying with the Arkansas Uniform Trade Secrets Act.

The Employee must not engage in unauthorized external reporting or client data sharing.

The Employee must safeguard personally identifying information as required by the Arkansas Personal Information Protection Act.

The Employee must adhere to the Employer's IT and data protection standards for accounting information systems.

These obligations survive termination of employment.

8. Ownership of Work Product and Intellectual Property

All financial analyses, reports, spreadsheets, working papers, and supporting documentation prepared by the Employee are the property of the Employer.

Upon termination, the Employee must return all company property and records.

9. Behavioral and Ethical Expectations

The Employee must comply with the Arkansas Board of Public Accountancy ethical standards and the Employer's code of conduct.

The Employee must maintain their CPA license in good standing (if applicable).

The Employee must avoid conflicts of interest.

The Employee must not engage in unauthorized outside accounting or tax practice.

The Employee must not derive private gain from company data.

10. Non-Competition, Non-Solicitation, and Moonlighting

Option A: Non-compete Clause

• The Employee agrees not to provide competitive accounting services within [Geographic Area] in Arkansas for [Duration] after termination.

Option B: No Non-compete Clause

The Employee agrees not to solicit the Employer's clients or employees for [Duration] after termination.

The Employee's moonlighting activities must not conflict with their duties to the Employer.

11. Termination

Option A: The employment is "at-will," meaning either party may terminate the employment relationship at any time, with or without cause or notice, as permitted by Arkansas law.

Option B: Termination with cause requires [Number] days' notice.

• The Employee must provide [Number] days' notice of resignation.
• Accrued and unused PTO/vacation will be treated according to Arkansas law and company policy.
• Final pay will be disbursed according to Arkansas law.
• The Employee must return all company property and records upon termination.

12. Dispute Resolution

The parties agree to attempt informal resolution of any disputes.

If informal resolution fails, the parties agree to mediation or arbitration in [City, Arkansas] before litigation.

Arkansas law and jurisdiction govern this Agreement.

13. Workers' Compensation, EEO, and Safety

The Employee is covered by mandatory workers' compensation insurance.

The Employer complies with Arkansas OSHA workplace safety practices.

The Employer is an Equal Opportunity Employer and does not discriminate based on race, color, religion, sex, national origin, age, disability, or any other protected characteristic under Arkansas and federal law.

14. Continuing Education and Professional Conduct

The Employee is responsible for maintaining required continuing education.

The Employee must immediately notify the Employer of any loss or suspension of their CPA license (if applicable).

Lapse of licensure may result in termination of employment.

15. Right to Reassign Duties

The Employer reserves the right to reassign duties or modify responsibilities in response to changing Arkansas or federal accounting regulations.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

____________________________
[Employer Representative Name], [Job Title]
[Employer Legal Name]

____________________________
[Employee Legal Name]