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Archive for Kat Jennings

10 Reasons Tax Professionals Establish A Virtual Office

10 Reasons Tax Firms Establish Virtual Offices Online

What is a Virtual Office and why are thousands of tax professionals in public accounting firms, law firms, independent tax services firms and corporate tax professionals establishing a Virtual Office online?

As the CEO of www.taxconnections.com, we have worked for several years on prescient technology. We anticipated the need for tax and financial professionals to prepare for disruptions to their businesses. At the time we started, our thinking was around the business disruptions from floods, fires, hurricanes, moving office addresses, and then came the pandemic. We were born of a generation growing up watching the “Jetsons” so we had imagination for our futures in  business. Long before anyone had an office in the cloud we were building Virtual Offices for the professions. The importance of establishing a Virtual Office in the cloud is you need a presence in the cloud where your expertise can be found and connected to easily online(without other platforms blocking your success).

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Entire Tax Firms Going To TaxConnections Virtual Offices

TaxConnections Virtual Tax Offices

TaxConnections has been developing our Virtual Offices platform for several years and tax professionals and tax services firms are the real beneficiaries. The best way to describe TaxConnections Virtual Office technology is it is a cloud address that ensures everyone can find and connect with a tax professional easily and for free. If you are already a TaxConnections Member, you know your professional profile appears right under LinkedIn on an organic web search.The difference is that visitors connect with TaxConnections Members easily and for free.

While other sites are blocking access to your tax expertise by requiring people to pay to find and connect with you, TaxConnections gives tax professionals control back over their online professional profiles. You have a choice to make…do you take control back over your online profile or do you rely on other sites to control who sees you?

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Looking For A Tax Job In Current Market? Do This First

Looking For A Tax Job In Current Market? Do This First

There are many tax professionals who are wondering what the job market really looks like for the tax profession. Based on local, state, national and international revenue authorities need to raise revenue, you can easily see tax professionals are going to be in high demand. What do tax professionals who want to find a new job or consulting clients do to increase their chance of success?

As an expert connecting tax professionals with people and organizations searching for tax expertise, we encounter the following situations most often:

  1. Tax Professionals hidden and no one can find them easily.
  2. Tax Professionals with profiles blocked behind paywalls.
  3. Tax Professionals unaware of affordable professional branding.
  4. Tax Professionals who need help to navigate a career online.

As an internationally known expert in search for tax executives, I have spent three decades finding the best talent in the tax profession for multinational corporations, public accounting firms, law firms and software companies. The disconnect of tax professional talent with the companies who need them is a growing problem. What TaxConnections is doing is growing a global community of tax professionals and making it easier to find them online.

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Marketing And Advertising Tax Professional Services

Marketing Tax Services

TaxConnections is reaching out to the tax professional community today to make available a $30 Annual Special Membership. We ask you to refer this to every tax professional you know today.

TaxConnections serves the tax professional community by providing a low cost marketing and branding platform for tax and financial expertise. While other platforms are increasing your advertising costs, we are reducing your advertising and marketing costs. You must be seen online to be successful today and we exist to contribute to the success of the tax professionals in our community.

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How To Offer Wealth Management Services As A Small CPA Firm (Complimentary CPE Credits)

Ed Mahaffy CFP

As a small CPA firm, nothing hurts worse than losing a trusted client to a larger firm offering wealth management services. It’s frustrating and it hurts your bottom line. You’d love to round out your service offerings with investment, insurance, and financial planning. But you’re too strapped for time and resources to figure out the details.

So, what do you do?

Join me in this exclusive webinar as I reveal the most efficient way to offer wealth management services as a small CPA firm. (Hint: it’s not expensive or time-consuming.)

I’ve spent 30+ years in the financial services industry watching trusted CPAs lose clients to larger firms that don’t always have the best intentions. In this webinar, I’ll walk you through how you can compete with larger firms (and keep all those clients you love) without breaking the bank.

Register now to learn more.

10 Keys To Success In The Tax Profession Today

10 Keys To Success In The Tax Profession Today

If you are a tax professional you will want to read this important post. TaxConnections has spent years building a network focused on raising the visibility of tax, financial and legal professionals online. This post is a road map to help you succeed because there are tax professionals acquiring many clients right now. I will share with you what we see tax professionals doing to acquire clients and connect with jobs successfully. It is all about how you market your tax expertise online. Inaction is not an option in this market! My goal in writing this post is to guide you through these times and show you the keys to unlock the door to success in the tax profession today.

1. START TODAY: Take action daily by feeding your mind with positive thoughts! Research proves positive thoughts will change your life. A positive attitude makes your life journey easier, attracts more people and business opportunities to you, and creates greater value for your professional life. Your mind is the most powerful computer in the world so feed it with positive energy that energizes you personally and professionally. One of my favorite books is Norman Vincent Peale’s The Power of Positive Thinking and the first line of Chapter 1 states “BELIEVE IN YOURSELF! Have faith in your abilities.” Start your day by reading from this free eBook of 250 Inspirational And Motivational Quotes. We built it to make you feel good each day!
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Global Disruption Of Three Terror Finance Cyber-Enabled Campaigns

Largest Ever Seizure of Terrorist Organizations’ Cryptocurrency Accounts WASHINGTON – The Justice Department today announced the dismantling of three terrorist financing cyber-enabled campaigns, involving the al-Qassam Brigades, Hamas’s military wing, al-Qaeda, and Islamic State of Iraq and the Levant (ISIS). This coordinated operation is detailed in three forfeiture complaints and a criminal complaint unsealed today in the District of Columbia. These actions represent the government’s largest-ever seizure of cryptocurrency in the terrorism context. These three terror finance campaigns all relied on sophisticated cyber-tools, including the solicitation of cryptocurrency donations from around the world. The action demonstrates how different terrorist groups have similarly adapted their terror finance activities to the cyber age. Each group used cryptocurrency and social media to garner attention and raise funds for their terror campaigns. Pursuant to judicially-authorized warrants, U.S. authorities seized millions of dollars, over 300 cryptocurrency accounts, four websites, and four Facebook pages all related to the criminal enterprise. Funds successfully forfeited with a connection to a state sponsor of terrorism may in whole or in part be directed to the United States Victims of State Sponsored Terrorism Fund (http://www.usvsst.com/) after the conclusion of the case. “It should not surprise anyone that our enemies use modern technology, social media platforms and cryptocurrency to facilitate their evil and violent agendas,” said Attorney General William P. Barr. “The Department of Justice will employ all available resources to protect the lives and safety of the American public from terrorist groups. We will prosecute their money laundering, terrorist financing and violent illegal activities wherever we find them. And, as announced today, we will seize the funds and the instrumentalities that provide a lifeline for their operations whenever possible. I want to thank the investigators from the Internal Revenue Service, Department of Homeland Security, Federal Bureau of Investigation, and the prosecutors from the D.C. United States Attorney’s Office and National Security Division for their hard and innovative work in attacking the networks that allow these terrorists to recruit for and fund their dangerous actions.” "Terrorist networks have adapted to technology, conducting complex financial transactions in the digital world, including through cryptocurrencies. IRS-CI special agents in the DC cybercrimes unit work diligently to unravel these financial networks," said Secretary of the Treasury Steven T. Mnuchin. "Today's actions demonstrate our ongoing commitment to holding malign actors accountable for their crimes.” “The Department of Homeland Security was born after the September 11, 2001 terrorist attacks and, nearly 20 years later, we remain steadfast in executing our critical mission to safeguard the American people, our homeland, and our values,” said Acting Secretary of Homeland Security Chad F. Wolf. “Today’s announcement detailing these enforcement actions targeting foreign terrorist organizations is yet another example of the Department’s commitment to our mission. After launching investigations that identified suspected online payments being funneled to and in support of terrorist networks, Homeland Security Investigations skillfully leveraged their cyber, financial, and trade investigative expertise to disrupt and dismantle cyber-criminal networks that sought to fund acts of terrorism against the United States and our allies. Together with our federal law enforcement partners, the Department will utilize every resource available to ensure that our Homeland is and remains secure.” “These important cases reflect the resolve of the D.C. United States Attorney’s Office to target and dismantle these sophisticated cyber-terrorism and money laundering actors across the globe,” stated Acting United States Attorney Michael R. Sherwin. “While these individuals believe they operate anonymously in the digital space, we have the skill and resolve to find, fix and prosecute these actors under the full extent of the law.” “IRS-CI’s ability to trace funds used by terrorist groups to their source and dismantle these radical group’s communication and financial networks directly prevents them from wreaking havoc throughout the world,” said Don Fort, Chief, IRS Criminal Investigation. “Today the world is a safer place.” “As the primary law enforcement agency charged with defeating terrorism, the FBI will continue to combat illicit terrorist financing regardless of platform or method employed by our adversaries,” said FBI Director Christopher Wray. "As demonstrated by this recent operation, the FBI remains committed to cutting off the financial lifeblood of these organizations that seek to harm Americans at home and abroad." “Homeland Security Investigations continues to demonstrate their investigative expertise with these enforcement actions,” said ICE Deputy Director and Senior Official Performing the Duties of the Director Matthew T. Albence. “Together with law enforcement partners, HSI has utilized their unique authorities to bring to justice those cyber-criminal networks who would do us harm.” Al-Qassam Brigades Campaign The first action involves the al-Qassam Brigades and its online cryptocurrency fundraising efforts. In the beginning of 2019, the al-Qassam Brigades posted a call on its social media page for bitcoin donations to fund its campaign of terror. The al-Qassam Brigades then moved this request to its official websites, alqassam.net, alqassam.ps, and qassam.ps. The al-Qassam Brigades boasted that bitcoin donations were untraceable and would be used for violent causes. Their websites offered video instruction on how to anonymously make donations, in part by using unique bitcoin addresses generated for each individual donor. However, such donations were not anonymous. Working together, IRS, HSI, and FBI agents tracked and seized all 150 cryptocurrency accounts that laundered funds to and from the al-Qassam Brigades’ accounts. Simultaneously, law enforcement executed criminal search warrants relating to United States-based subjects who donated to the terrorist campaign. With judicial authorization, law enforcement seized the infrastructure of the al-Qassam Brigades websites and subsequently covertly operated alqassam.net. During that covert operation, the website received funds from persons seeking to provide material support to the terrorist organization, however, they instead donated the funds bitcoin wallets controlled by the United States. The United States Attorney’s Office for the District of Columbia also unsealed criminal charges for two Turkish individuals, Mehmet Akti and Hüsamettin Karataş, who acted as related money launderers while operating an unlicensed money transmitting business. Al-Qaeda Campaign The second cyber-enabled terror finance campaign involves a scheme by al-Qaeda and affiliated terrorist groups, largely based out of Syria. As the forfeiture complaint details, these terrorist organizations operated a bitcoin money laundering network using Telegram channels and other social media platforms to solicit cryptocurrency donations to further their terrorist goals. In some instances, they purported to act as charities when, in fact, they were openly and explicitly soliciting funds for violent terrorist attacks. For example, one post from a charity sought donations to equip terrorists in Syria with weapons: Undercover HSI agents communicated with the administrator of Reminder for Syria, a related charity that was seeking to finance terrorism via bitcoin donations. The administrator stated that he hoped for the destruction of the United States, discussed the price for funding surface-to-air missles, and warned about possible criminal consequences from carrying out a jihad in the United States.  Posts from another Syrian charity similarly explicitly referenced weapons and extremist activities: Al-Qaeda and the affiliated terrorist groups together created these posts and used complicated obfuscation techniques, uncovered by law enforcement, to layer their transactions so to conceal their actions. Today’s complaint seeks forfeiture of the 155 virtual currency assets tied to this terrorist campaign. ISIS Campaign The final complaint combines the Department’s initiatives of combatting COVID-19 related fraud with combatting terrorism financing. The complaint highlights a scheme by Murat Cakar, an ISIS facilitator who is responsible for managing select ISIS hacking operations, to sell fake personal protective equipment via FaceMaskCenter.com (displayed below)   The website claimed to sell FDA approved N95 respirator masks, when in fact the items were not FDA approved. Site administrators claimed to have near unlimited supplies of the masks, in spite of such items being officially-designated as scarce. The site administrators offered to sell these items to customers across the globe, including a customer in the United States who sought to purchase N95 masks and other protective equipment for hospitals, nursing homes, and fire departments. The unsealed forfeiture complaint seized Cakar’s website as well as four related Facebook pages used to facilitate the scheme. With this third action, the United States has averted the further victimization of those seeking COVID-19 protective gear, and disrupted the continued funding of ISIS. The claims made in these three complaints are only allegations and do not constitute a determination of liability. The burden to prove forfeitability in a civil forfeiture proceeding is upon the government. Further, charges contained in criminal complaint are merely allegations, and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law. IRS-CI Cyber Crimes Unit (Washington, D.C.), HSI’s Philadelphia Office, and FBI’s Washington D.C., New York, and Los Angeles field offices are investigating the case. Assistant U.S Attorneys Jessi Camille Brooks and Zia M. Faruqui, and National Security Division Trial Attorneys Danielle Rosborough and Alexandra Hughes are litigating the case, with assistance from Paralegal Specialists Brian Rickers and Bria Cunningham, and Legal Assistant Jessica McCormick. Additional assistance has been provided by Chainalysis and Excygent.

Largest Ever Seizure of Terrorist Organizations’ Cryptocurrency Accounts

WASHINGTON – The Justice Department announced the dismantling of three terrorist financing cyber-enabled campaigns, involving the al-Qassam Brigades, Hamas’s military wing, al-Qaeda, and Islamic State of Iraq and the Levant (ISIS). This coordinated operation is detailed in three forfeiture complaints and a criminal complaint unsealed today in the District of Columbia. These actions represent the government’s largest-ever seizure of cryptocurrency in the terrorism context.

These three terror finance campaigns all relied on sophisticated cyber-tools, including the solicitation of cryptocurrency donations from around the world. The action demonstrates how different terrorist groups have similarly adapted their terror finance activities to the cyber age. Each group used cryptocurrency and social media to garner attention and raise funds for their terror campaigns. Pursuant to judicially-authorized warrants, U.S. authorities seized millions of dollars, over 300 cryptocurrency accounts, four websites, and four Facebook pages all related to the criminal enterprise.

Funds successfully forfeited with a connection to a state sponsor of terrorism may in whole or in part be directed to the United States Victims of State Sponsored Terrorism Fund (http://www.usvsst.com/) after the conclusion of the case.
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Tax Bloggers: TaxConnections Wants You On Our Tax Network

Tax Bloggers: TaxConnections Wants You On Our Tax Network

One of the most important strategies to use in building new business for your tax practice today is writing articles. Anyone with tax expertise and strong research and writing skills will benefit having their articles distributed on the TaxConnections platform. What we have discovered working closely with the tax professional community are many tax experts with writing skills who did not have a platform to showcase and distribute their tax expertise. We discovered many tax experts who wrote for big name publishers were experiencing their posts being blocked by paywalls. In other words, their articles did not get into the hands of people unless readers paid to receive the publishers articles. When your article is published on TaxConnections, everyone gets to read it for free.

We also discovered great writers had content on their firms sites but did not gain the attention or audience they desired for it. The ability to write and post on the www.taxconnections.com platform has been a game changer for tax professional writers who now attract a steady stream of prospective clients. TaxConnections distributes for free the articles our tax bloggers write. Our readers include Fortune 500 to 5000 tax and financial executives in multinational organizations; CPAs and Enrolled Agents in tax services firms, independent tax services providers, private equity firms and hedge funds, high net-worth individuals and taxpayers at any levels all over the world and more.

If you read my post titled “Tax Professionals: The High Importance Of Building Trust With Your Brand” you understand the importance of building trust with an audience before they ever decide to hire you. Surveys show the number one characteristic taxpayers look for in the tax professional they hire is trust. As the CEO of TaxConnections, I can attest to the fact our tax bloggers attract more clients as they educate prospective clients on their tax expertise. Writing about tax issues and educating prospective clients is the very best way to build trust with your future clients or employers. People get a feel for your tax expertise and your personality and at the same time you are building a relationship with them. In a market where you are searching for touch points with prospective clients, writing about your tax expertise in a blog post is the smartest strategy to build new business relationships.
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Tax Professionals: The High Importance Of Building Trust With Your Brand

Tax Professionals: The High Importance Of Building Trust With Your Brand

The most important business activity for tax professionals is building trust for their tax brand online. Everyone in the tax profession must now build trust consistently online to succeed. Trust is built over time and it requires strategy…a very consistent strategy. We built a tax network to make it easier to build trust in your tax expertise. There are certain actions you must take to build trust and this is the focus of this article.

Yesterday, I received a call from a highly respected client of a brand everyone in the world knows. Their product is ubiquitous, it is found everywhere. What he told me made my day. He said. “Kat, I have only known you from the tax search you did for our company but I did not see your www.taxconnections.com site until today. What a great site as I am searching to find a tax expert for myself.” Needless to say, having received this confirmation for all the work we have accomplished for the tax community from a man I greatly respect was a welcome event. We want to tell the world what TaxConnections has been doing to connect tax professionals with CEOs, CFOs, VPs Tax in large corporate multinationals, medium and small businesses, family offices, private equity firms, hedge funds, financial planners and much more.
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New Virtual Training Accelerates Three Years Of Tax Training To 6 Hours

Five Years Tax Training In Two Weeks

Over the coming weeks, I will share with you one of the new technologies arriving to the tax profession. Why is this important now? One of the biggest problems professionals have right now is keeping pace with increasing complexity in business. Our species did not evolve to reinvent ourselves every one or two years. The rehearsal approach has been proven to harness our neuroplasticity to greatly accelerated learning, providing a means for everyone to adapt and remain relevant. For example, in a study conducted last year with hundreds of people worldwide, we found statistically significant learning normally shown to occur in three years occurring in 6 hours, regardless of culture. This result indicates our technology may be a way for people to develop game-changing capabilities very quickly and – most important – remain relevant.

What scientific research has discovered is managers have a theory of their business or a mental model that may not be a good fit with what is actually happening. Further, business leaders don’t always have insight into opportunities they actually have, given market forces and the strengths they have to leverage. There are numerous examples of “failed” businesses that actually had huge opportunities if managers had been capable of seeing them, such as Kodak, Woolworth, Pan Am, Research in Motion. We found a way to identify the right goals and then change the mental models of executives. In short, the rehearsals very quickly get teams back on track by creating ways to rehearse the future repeatedly until they are successful with specific goals and with finding hidden opportunities.
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Senior Tax Manager- International (Sunnyvale, CA)

Senior Tax Manager - International

TaxConnections has been retained to conduct a search for a Senior Tax Manager – International for a global technology company headquartered in Silicon Valley, CA. .This position is responsible for providing international tax guidance for U.S. compliance and reporting; managing Americas region income tax compliance and related issues.

Responsibilities include:Review/provide technical guidance for international portion of company’s income tax return including Forms 8858, 5471, and 1118, GILTI, FDII, Subpart F and FTCs, as needed; Prepare/provide technical guidance for §861/other expense allocations for FDII benefit and foreign tax credits; Co-ordinate and manage review and approval of the international portion of Company’s U.S. tax return by external service providers, including technical analysis and discussion of issues raised; Research relevant international tax matters, new proposed and final regulations, tax law updates, and provide guidance for tax compliance and reporting; Prepare and manage U.S. tax return disclosures for international issues and transactions; Provide technical guidance to international compliance team for quarterly and year-end reporting.
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250+ Motivational Quotes For Tax Professionals

250+ Motivational Quotes For Tax Professionals

Success is not final, failure is not fatal: it is the courage to continue that counts. ~ Winston Churchill

If you would like more Motivational Inspirations request our Motivational Inspirations ebook! Inspiration propels a person to possibility, and transforms the way one views their own capabilities. Highly successful people use a daily dose of inspiration to motivate themselves and their passion for their work.

We have compiled a complimentary eBook of more than 250 Motivational Quotes from famous people for you to read each day. Great thoughts create great results.

“Be kind whenever possible.It is always possible.” ~ Dalai Lama

“Victory belongs to the most persevering.” ~ Albert Einstein, Theoretical Physicist

“Believe you can and you are halfway there.” ~ Theodore Roosevelt, 26th U.S. President

“Strength does not come from physical capacity. It comes from indomitable will.” ~ Mahatma Gandhi

“An investment in knowledge pays the best interest.” ~ Benjamin Franklin, Inventor, Author, Politician

REQUEST 250 MOTIVATIONAL QUOTES AND INSPIRATIONS eBOOK