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

VP Tax Job - Los Angeles, CA

Key Responsibilities:

Responsibilities include overseeing global tax strategy, tax planning and compliance; review the filing of all domestic and international corporate, personal, partnership and other income and indirect tax returns; and implementing and managing company’s income tax and indirect tax compliance activities (partially insourced and partially outsourced); advise senior management regarding the impact and tax liabilities; and supervision of an outstanding, incumbent tax team.

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New Tax Laws: New Deduction For Pass-Through Entities

Haik Chilingaryan-

Under the new tax laws (“TCJA”), there is a new deduction available to owners of pass-through entities. Section 199A of the Internal Revenue Code allows owners of pass-through entities to deduct up to 20% of their business income from their income taxes. The first portion of this article provides an overview on the various types of pass-through entities that are included under Section 199A. The second portion of the article provides an analysis on the conditions that the owners of pass-through entities must satisfy in order to qualify for the 199A deduction.

PASS-THROUGH ENTITIES

For purposes of Section 199A, the following entities are entitled to the deduction: sole proprietorships, partnerships, limited liability companies, S corporations, trusts, and estates. The most distinguishing characteristic of pass-through entities is that the entities themselves generally do not pay tax. Instead, all of the earnings and expenses are passed through to the owners who pay the taxes on their individual tax returns. The sections below provide an overview on the general characteristics of each type of pass-through entity.

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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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New Deduction For Pass-Through Entities

Haik Chilingaryan- Tax Deductions For Passthroughs

Under the new tax laws (“TCJA”), there is a new deduction available to owners of pass-through entities. Section 199A of the Internal Revenue Code allows owners of pass-through entities to deduct up to 20% of their business income from their income taxes. The first portion of this article provides an overview on the various types of pass-through entities that are included under Section 199A. The second portion of the article provides an analysis on the conditions that the owners of pass-through entities must satisfy in order to qualify for the 199A deduction.

PASS-THROUGH ENTITIES

For purposes of Section 199A, the following entities are entitled to the deduction: sole proprietorships, partnerships, limited liability companies, S corporations, trusts, and estates. The most distinguishing characteristic of pass-through entities is that the entities themselves generally do not pay tax. Instead, all of the earnings and expenses are passed through to the owners who pay the taxes on their individual tax returns. The sections below provide an overview on the general characteristics of each type of pass-through entity.

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Senior Vice President Tax (Los Angeles, CA)

Senior VP Tax Job, Los Angeles, CA

TaxConnections Executive Search Services Division has recently been retained to conduct a search for a Senior Vice President Tax in the Los Angeles, CA area for a private equity client with real estate  SPAC expertise. We would genuinely appreciate your taking the time to review the 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 private equity and/or a Partner in a Big Four firm, investment fund, or asset management with substantial S-Corp expertise.

Senior Vice President Tax

Responsibilities include global tax strategy, tax planning and compliance; review and filing of all domestic and international corporate, personal, partnership and other income and indirect tax returns; and implementing and managing company’s income tax and indirect tax compliance activities. The Senior Vice President Tax will work directly with the CFO in identifying and developing  effective tax strategies and planning techniques to minimize overall taxes of consolidated group of companies; minimize overall costs associated with the tax structure and lead acquisition and due diligence and integration efforts.

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Vice President Tax – Real Estate, Partnerships, Acquisitions (Southern California)

Tax Job, Vice President Tax Job, Los Angeles, CA

TaxConnections Executive Search Services Division has recently been retained to conduct a search for a Vice President Tax with experience in real estate, partnerships, mergers and acquisitions. 

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

Vice President Tax

Responsibilities include global tax strategy, tax planning and compliance; review of all domestic and international corporate, partnership and other income tax returns; and implementing and managing company’s activities (partially insourced and partially outsourced).

The Vice President Tax will report directly to the CFO in identifying and developing effective tax strategies and planning techniques to minimize overall tax burden of consolidated group of companies and minimize overall costs associated with the tax structure. The Vice President of Tax will lead acquisition structuring and due diligence including tax integration efforts.

The role requires research and analysis of tax issues; working with external advisors on domestic and foreign authoritative tax laws, corporate strategies, decisions, regulations and rulings; and advising senior management regarding the impact and tax liabilities. The Vice President Tax will oversee all tax-related payments; review and preparation of income tax projections for cash flow modeling; liaise with domestic and foreign business units, and external service providers on tax matters, and manage the coordination of audits and inquiries by various taxation authorities.

Reply to Kat Jennings to learn more about VP Tax opportunity.

 

 

Tax Planning Is More Than Just Tax Filing

Haik Chilingharyan, Tax Planning

Tax planning involves a wide range of strategic decisions and implementations which affect your overall estate plan. In fact, there is arguably no other area of law that is more complex and that contains as many guidelines as the U.S. tax law. In addition, there are also State and Local Tax laws (SALT). The impact of SALT has become even more significant ever since the passage of the Tax Cuts And Jobs Act, primarily because the legislation now limits the SALT deductions to only $10,000.

The understanding of such complicated set of rules is a fundamental key to tax planning. Proper tax planning is a proactive measure that one takes to arrange and rearrange their finances in order to limit his or her tax liability to the lowest amount allowed by law. The confusion often arises because people often make the mistake of thinking that by hiring somebody to file their taxes they are engaging in proactive tax planning. However, the filing of tax returns is usually a reactive activity, not a proactive one.

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Anatomy Of A Corporation

Haik Chilaryan, Anatomy Of A Corporation Structure

Corporations are treated as separate entities under the law. They generally have the capacity to perform the same types of functions that individuals perform including entering into contracts and promulgating or defending lawsuits. The primary incentive for forming a corporation is to grant limited liability to its owners.

One common misconception among the business community is that by merely filing proper documents with the state, the business owner has established a legally enforceable corporation. However, compliance with formalities is essential in order for the corporation to be granted with the status of limited liability and protect its owners from personal liability. Formalities are especially critical for corporations since they generally contain more rigorous standards than other business entities, such as LLCs.

WHAT STEPS ARE REQUIRED FOR ESTABLISHING A CORPORATION?

The first step required for establishing a corporation is filing an application for formation (e.g., Articles of Incorporation) with the state. It is generally recommended to establish the corporation in the state in which the business is going to operate. Of course, the corporation can do business in other states provided that the state allows the entity to operate in its state. However, a corporation will be required to file tax returns and pay taxes in any state that mandates state corporate income tax. In addition, different states have different requirements for other forms of compliance (e.g., Statement of Information).

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

VP Tax Job, Tax Executive Search

Our retained search client is a global private family office that actively manages a global diversified portfolio of investments (including private equity and real estate), is seeking to hire a Senior Vice President, Tax. This executive will oversee the company’s global tax function and all matters concerning tax planning and strategy. The Senior VP Tax must have strong pass-through tax experience with M&A experience a plus. This is an exciting position with a direct impact on the success of the family office business operations as a whole.

• Responsible for global tax planning and compliance; reviewing and filing of all domestic and international corporate, personal, partnership and other income and indirect tax returns; implementing and managing company’s income tax and indirect tax compliance activities

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Senior Tax Manager – Mergers & Acquisitions (Los Angeles, CA)

As a member of our team, you’ll be involved with working closely with private equity firms, public and privately held companies, advising them on tax structuring matters, financial and tax due diligence, and assistance with closing M&A transactions.

Responsibilities:

  • Develops, grows and serves as a firm technical resource for the U.S. income tax aspects of financial due diligence and mergers and acquisitions (M&A)
  • Leverages technical knowledge and experience to provide effective project management and practice development; delivering timely and responsive services and products that meet and/or exceed client expectations

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Mergers & Acquisitions (M&A) Tax Senior Manager (Los Angeles, CA)

Our experienced M&A tax services team—made up of former IRS employees, tax practitioners from the Big Four accounting firms, and tax attorneys from nationally prominent law firms—has a unique understanding of the tax code and its provisions that address business transactions. We’re members of and frequent speakers at the American Institute of Certified Public Accountants, the American Bar Association, the Federal Bar Association, and a number of other organizations. Read more

Los Angeles – Last Chance! – CPA Practice Growth Seminar – November 11-12

Salim Omar

In 1996, feeling unfulfilled and tired of corporate politics and a long commute, Salim left a “cushy” corporate, CFO position with a corner office to fulfill his mission of starting his own CPA firm. He soon found out that this was no easy task, and he struggled with low-paying clients, poor cash flow and a high employee turnover.

After going $100,000 into debt, Salim made it his mission to transform his struggling practice into a highly profitable, 12+ person firm that it is today. Best of all, he works only a few days a week while his practice continues to thrive.

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