The Head of Tax and Treasury will work closely with C – Suite Executives in managing and reviewing global corporate tax compliance, the global tax provision, transfer pricing and treasury strategy. Responsibilities include managing global outside tax consultants and reviewing processes and procedures. The Head of Tax and Treasury will partner with internal business leaders to effectively manage exposure. The role requires an individual who can effectively communicate with internal and external partners and provide business options to management executives. We are searching for a lead tax executive who has the innate ability to identify areas of risk and tax opportunity it important. Read more
Tag Archive for Silicon Valley
Want to work for a company who is a success story in Silicon Valley? Want to join a C-Suite Team that is positioned to rise to a new level of success? This company is building a world class executive team for their growing organization. Do you have combined publicly-held and public accounting experience? Are you interested building a tax organization from the ground up? The company is searching for a hands-on business executive for their tax function. Our retained client offers a wonderful opportunity to you.
There is an interesting article in the San Jose Mercury News – “Silicon Valley’s stealthy, selfish war on taxes,” by Michelle Quinn (9/11/15). She looks at some of the assessed values high tech firms have noted for their equipment, including $1. She reports that some companies argue that the machine has no value to anyone else. That seems odd. But, it is a problem with a valuation tax, such as the property tax.
What is business personal property, such as equipment, worth each year? Arguably, when purchased, it is worth what you paid for it, but it isn’t worth that much after that. The valuation approach used does allow for adjustments down for subsequent years. The system also allows for lower values and appeals when necessary. Read more
The IRS is using its extensive Big Data resources to pin-point their investigations to the wealthiest areas in the San Francisco Bay Area and Silicon Valley. The idea being that anyone who is selected for investigation in these areas will result in a higher tax liability than those who live in less affluent areas. The government is looking for non-filers, persons engaged in on-line and virtual currency transactions, businesses cheating or delinquent on employment taxes and individuals with undisclosed foreign bank accounts.
When a taxpayer does not file and the IRS has information statements indicating a filing requirement, the IRS uses the data to file a return on behalf of the taxpayer if there is a projected balance owed. In 2012, the IRS used information statements to file 803,000 returns Read more