TaxConnections


James Vincent Mahoney

Director, Accounting, Tax Planning & Compliance

Cutanea Life Sciences, Inc
Wayne, Pennsylvania, USA

Corporation - Privately-Held

Professional Summary

Highly motivated results oriented financial professional with an MBA in taxation and extensive experience in federal, state, local and international taxation from both the Big 4 and industry sectors. Demonstrated ability to effectively manage a tax department, large and complex assignments, establish best practices administrative procedures, interact with senior management, and identify and develop creative solutions to difficult tax and business problems. Proven managerial and interpersonal skills. Background in pharmaceutical, manufacturing, communication, healthcare, oil/gas, and investment companies.

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Languages

  • English

Industry Experience

    • Pharmaceuticals
    • Manufacturing
    • Hospital (For-Profit)
    • Accounting

Interests/Hobbies

  • Traveling
  • Golf

Birthday

November 7

Social Media

Experience

Cutanea Life Sciences, Inc
Wayne, Pennsylvania, USA 19087
Director, Accounting, Tax Planning & Compliance
Corporation - Privately-Held
2016 - Present
This position supports the CFO and is responsible for the accounting and reporting requirements for Cutanea life Sciences, Inc. (CLS) and subsidiaries. The position provides accounting support to the CFO and company management. Insures compliance with all government rules and regulations applicable to licensing and distribution of commercial pharmaceutical products. Insures that CLS and subsidiaries are properly registered in states and localities where CLS does business. Prepares and administers CLS intercompany license and royalty agreements. The position develops and implements systems to compile the necessary information for the preparation and filing of all CLS and subsidiary Federal, state and local, income, franchise, sales/use returns and the accounting thereof. Prepares and accurately files, timely, all federal, state and local governmental reports and returns. Recommends strategies to minimize corporate tax expense through the use of tax laws and regulations. The responsibilities also included those of risk manager as well as lead liaison for the annual financial audit.
Synovous, Inc
Wayne, Pennsylvania, USA 19087
Director of Tax
Corporation - Privately-Held
2007 - 2016
I was brought into this inaugural position to create the beginnings of a full service tax department for this fast growing $300 million Company. With no direct staff I have managed the corporate tax expansion from two companies operating in thirty two US jurisdictions to ten companies operating in six countries, with filings in over seventy five jurisdictions. Responsible for all aspects of the tax function including compliance, jurisdictional audits, tax planning research and strategy, and direct support of the sales taxability function of the company’s self-developed inventory management system. Developed an excel model to calculate deferred taxes under ASC 740 for annual internal and external reporting. As a financial professional, responsibilities also included those of risk manager as well as lead liaison for the annual financial audit. This position reports to the Sr. Vice-president – CFO and interacts with senior level management on a daily basis.
Universal Health Services, Inc
King Of Prussia, Pennsylvania, USA 19406
Sr Tax Manager
Corporation - Publicly-Held
2001 - 2007
This newly established position was responsible for the management of all non-income taxes for this $2.8 billion for profit healthcare organization. The company operates over 95 facilities in the US, Puerto Rico, and France. Established and implemented guidelines and procedures for proper compliance related to sales & use, property and escheat tax. Manage the use of independent contractors to monitor property tax assessments and perform reverse tax audits to insure proper S&U compliance. Developed a database to track real and personal property assessment valuations and associated tax liabilities. Assisted in the financial reporting of income taxes under ASC 740 (FAS 109 and FIN 48) and help create departmental internal control guidelines to insure compliance with SOX §404. Worked closely with the Federal tax managers in researching and implementing all tax planning strategies, including mergers and acquisitions, related to non-income taxes. Represent the company through the state tax audit and appeal process. Position reports directly to Director of Tax.
Asher & Company
Philadelphia, Pennsylvania, USA 19103
Tax Manager
Public Accounting Firm - Regional
2000 - 2001
Provide tax and business solutions for a diverse group of clientele. Clients include small and midsize closely held business, public companies, and service organizations. Organize, develop and lead a specialized state & local tax service practice within the firm to service existing clients as well as develop new opportunities within the market place.
JV Mahoney & Company
Drexel Hill, Pennsylvania, USA 19026
Principal
Consulting Firm
1997 - 2000
The principal focus of this private accounting practice is to provide specialized tax, accounting and business solutions to small businesses. The client base of small to midsized companies were provided quality services at an affordable price. Provide best practices related to accounting and reporting procedures as well as improved information flow through the purchasing and sales processes of a $12 million stone fabricator. Established the complete tax compliance procedures for a $35 million inbound manufacturer.
Price Waterhouse LLP
Philadelphia, Pennsylvania, USA 19103
Sr Tax Manager
Public Accounting Firm - Big Four
1994 - 1997
Principally responsible for the analysis of the Federal tax treatment of specific client transactions to determine the state & local tax ramifications for both foreign and domestic corporations ranging in size from $3 million to multinational Fortune 100. Assisted clients with corporate restructurings, mergers and acquisitions, and compliance outsourcing projects. Notably, planned and directed all aspects of the state & local tax function of a newly established $1.5 billion pharmaceutical sales corporation, including registrations, taxability determinations, establishing information and documentation requirements and information accumulation procedures. Additional duties include maintaining client relationships and training and evaluating staff. Made numerous presentations at the local and national level. Published several articles on state tax planning and the taxation of telecommunication and cable television services.
Comcast Corporation
Philadelphia, USA 19103
Manager State & Local Tax
Corporation - Publicly-Held
1988 - 1994
Responsible for the management of the entire state and local tax function for this $1.3 billion organization, including cable television, cellular telephone, satellite broadcasting, and various other investment holding and financing subsidiaries. Along with the compliance, tax accounting, and audit responsibilities, I was charged with managing the state & local tax issues emanating from numerous mergers and acquisitions and managing the international filings of the company’s UK subsidiary. Took a lead role in many state regulatory and legislative initiatives. Position reported directly to Vice President-Tax and supervised two full time and three part time tax professionals.
Sun Company, Inc
Philadelphia, Pennsylvania, USA 19103
Tax Accountant
Corporation - Publicly-Held
1980 - 1988
Primary responsibility was the filing of 14 unitary/combined tax returns for a worldwide group of diverse corporations, and the filing of over 400 separate company tax returns for the real estate holding, leasing, investment holding, and financing corporate subsidiaries for this $7.5 billion multinational oil & gas corporation. Successfully represented the company through state audits covering a variety of issues including a “business lines” approach to unitary filing, substance audits of Delaware Investment Holding Companies, and various voluntary compliance issues. Initiated a number of procedures to improve the information flow for accurate tax compliance. Reported to the manager of Federal consolidations and supervising three professionals

Education

MBT, Tax 1990
Villanova University School of Law
Villanova, Pennsylvania, United States
Institute for Professionals in Taxation - Member
Tax Executives Institute, State and Local Tax Committee, Philadelphia Chapter. (Former Chairman)


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