TaxConnections


 

Director of Tax Job – Corona, CA

Director of Tax Job - Corona, CA

TaxConnections Inc. has been retained to conduct a search for a Director of Tax in Southern California/Orange County area. Our client is a 3B multinational holding company that offers an exciting and fun work environment aligned with a highly professional management team. This company is an exciting dream job for a Head of Tax who wants to be located in Southern California.

Responsibilities:  The Tax Director will be responsible for overseeing and managing relationships with external and internal business partners to improve processes and procedures for the tax organization. The Tax Director must have the ability to identify areas of risk and tax opportunity for the company in all areas of international, federal, state, local, sales and use tax. Role involves a wide range of domestic and international tax matters including consolidated income tax provision, tax compliance and transfer pricing.

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The Art of Searching For A Tax Job – Know The Trap Doors

Kat Jennings- The Art of Finding A Tax Job new

More than ever in my thirty years of counseling tax professional careers, I have recently interacted with numerous tax executives who have been given bad advice while searching for a tax job. There are many trap doors that prevent tax professionals from getting through the front door of a corporate tax department, a public accounting firm or a law firm in the first place. Having been in the trenches placing thousands of tax professionals during my career, and experiencing these trap doors firsthand, you need to know what they are in order to navigate your search for the best tax jobs! This post is the first of a series I will write on “The Art of Searching For A Tax Job – Know The Trap Doors.” Follow my expert advice and you will be far ahead of competitors for tax jobs.

Allow me to outline the topics in this series so you will continue to follow these important posts:

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The Fair 55 Tax Reform Plan – Part 9

Michael Caryl - The Fair 55 Tax Reform Plan ( Part 9)

ENHANCED FISCAL FLEXIBILITY AND VOTER CONTROL THROUGH EXPANDED LOCAL GOVERNMENT REVENUE-GENERATING POWER AND SPENDING RESPONSIBILITIES.

To achieve optimum efficiency and transparency in the use of tax revenues, a major decentralization of state government fiscal control and a restructuring of local government, including the long-term possibility of significant consolidation, will be necessary. However much that a full treatment of that endeavor remains well beyond the scope of this proposal, there are reforms of the state and local tax structure which can play a major role in facilitating achievement of those even broader reforms. Read More

IRC Section 965 Transition Tax – Part 7

John Richardson - Transition Tax - Part 7

Why The Transition Tax Creates A Fictional Tax Event That Allows The U.S. To Collect Tax Where It Never Could Have Before

This is the seventh in my series of posts about the Sec. 965 Transition Tax and whether/how it applies to the small business corporations owned by taxpaying residents of other countries(who may also have U.S. citizenship). These small business corporations are in no way “foreign”. They are certainly “local” to the resident of another country who just happens to have the misfortune of being a U.S. citizen. Read More

New Per-Diem Rates Go Into Effect – Reimburse Employees On Travel, Lodging, Meals

Lisa Nason- Per Diem Rates

The new per-diem numbers are now out, effective October 1, 2018. These numbers are to be used for per-diem allowances paid to any employee on or after October 1, 2018, for travel away from home on or after that date. The new rates include those for the transportation industry; the rate for the incidental expenses; and the rates and list of high-cost localities for purposes of the high-low substantiation method.

Per diem rates are a fixed amount paid to employees to compensate for lodging, meals, and incidental expenses incurred when traveling on business rather than using actual expenses.

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Expenses For Business Meals Under §274 Of The Internal Revenue Code

Business Meal Expenses Under Tax Cuts And Jobs Act

This IRS notice provides transitional guidance on the deductibility of expenses for certain business meals under § 274 of the Internal Revenue Code. Section 274 was amended by the Tax Cuts and Jobs Act, Pub. L. No. 115-97, § 13304, 131 Stat. 2054, 2123 (2017) (the Act). As amended by the Act, § 274 generally disallows a deduction for expenses with respect to entertainment, amusement, or recreation. However, the Act does not specifically address the deductibility of expenses for business meals. Read More

The Fair 55 Tax Reform Plan (Part 8)

Michael Caryl Fair 55 Tax Reform

TEMPORARY DEFERRED AND PASSIVE INCOME TAX (DPIT).

Largely to assure revenue neutrality, by initially using the least objectionable, narrow aspect of a general individual income tax, it is proposed that a low-rate (3%) flat rate tax be temporarily imposed on income that was deferred (and not taxed) before repeal of the current PIT and on interest and dividends. Thus, the deferred income, to be taxed (for the first and only time), would only consist of distributions from tax-deferred private qualified plans such as IRAs 401Ks, etc. Read More

IRC Section 965 Transition Tax – Part 6

John-Richardson- Investigating the Transition Tax

A Reprieve

This is the sixth in my series of posts about the Sec. 965 Transition Tax and whether/how it applies to the small business corporations owned by tax paying residents of other countries (who may also have U.S. citizenship). These small business corporations are in no way “foreign”. They are certainly “local” to the resident of another country who just happens to have the misfortune of being a U.S. citizen. Read More

Charitable Contributions

Kazim Qasim Charitable Contributions

With the change in the season and the return of fall, many people begin the act of making their homes less cluttered, and we will all begin to get donation requests in the mail.  As the weather cools, we tend to turn an eye towards end of year tax moves as well.  The Tax Cuts and Jobs Act of 2017 brought about many changes in how businesses and individuals are going to operate starting for 2018 onward.  With the deviations to the itemized deductions that we are all so used to, rethinking your charitable giving is a must. Read More

Will You Get A Refund Or Owe For 2018?

Chuck Woodson Will You Get A Refund Or Owe For 2018?

As a result of tax reform, most taxpayers will be paying less tax for 2018 than they did in 2017. But that may not translate into a larger refund. Your refund is the amount that your pre-payments (withheld income tax, estimated tax payments, and certain credits) exceed your tax liability, and if the pre-payment also got reduced, you could be in for an unpleasant surprise at tax time.  Read More

For Many Business Taxpayers, Time Is Running Out To Elect Out Of New 100-Percent Depreciation Deduction For 2017

IRS Time Is Running Out To Elect Out Of New 100 Depreciation Deduction

The Internal Revenue Service today reminds business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent depreciation deduction, that they have a limited time to file the required election with the IRS.

In general, individuals and calendar-year corporations must file the election with the IRS by Oct. 15, 2018. The new 100-percent deduction allows businesses to write off most depreciable business assets in the year they are placed in service. Read More

Senior Vice President Tax – Family Office (Los Angeles, CA)

Senior VP Tax Job - Family Office ( Los Angeles, CA)

TaxConnections Executive Search Services Division has been retained to conduct a search for a Senior Vice President Tax for a family office in the Los Angeles, CA area. This very likable CEO has a global diversified portfolio of investments including private equity, real estate and media business holdings. This is a very special opportunity for a tax executive with family office expertise!

We would genuinely appreciate your taking the time to review the Senior Vice President Tax opportunity and refer this to anyone you know who may be interested in learning more.

An ideal Senior Vice President Tax candidate will be currently working in a family office environment and/or a Partner in a Big Four firm experience; real estate investment firm, investment fund, private equity or asset management.

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