Tax director for two-person tax department - Annual tax provision/tax reserve calculations per ASC 740 ; research and planning; managed outsourced income tax compliance (federal, 40+ states, & foreign countries), plus in-house personal property and sales/use tax compliance; and tax audits for all tax types.
• As Gibson’s first tax director took on over a dozen major federal/state tax projects saving the company over $18.5M and reducing tax risk.
1. Amended 2005 – 2009 federal/state income tax returns with refunds of about $6.2M
2. Implemented with the assistance of tax advisers Code §263A tax inventory accounting reducing tax audit risk.
3. Worked with tax advisers to reduce Subpart F income (reduced taxes $2.7M) and generate Foreign Tax Credits (generated credits of $5.3M).
• Performed state nexus survey and worked with tax advisers on state VDA engagement to bring the company in compliance for income and sale/use taxes in all states with those taxes.
• Worked with outside legal counsel to develop FAS 5 reserve legal opinion resulting in potential FAS 5 reserves not being booked, $2.5M for 2008 and $3.1M for 2009.
• Handled 2008-2009 IRS audits with tax adviser assistance resulting in a no change RAR.
• Recognized potential for federal R&D tax credit generating tax credits of over $250,000.
• Worked with outside tax adviser to implement Japanese commissionaire with potential tax savings of over $4M.
• Assisted in preparation of the first transfer pricing studies.

One-man tax department - Quarterly tax provision calculations per FAS 109 including FIN 48/FAS 5 reserves plus managing SEC external tax reporting, research and planning, managing outsourced income (federal, 30 states, and Canada) and personal property (60+ manufacturing plants) tax compliance, tax audits (all taxes except payroll), and real property assessment protests.
• Recognized potential for unclaimed federal tax credit for propane gas usage resulting in tax credits refunded and to be refunded of over $650,000.
• Handled over 17 income / sales & use / property tax audits resulting in $100,000+ in reductions in proposed assessments.
• Resurrected dead proposal and received management approval for amalgamation of Canada subsidiaries with potential savings of over $1,000,000.

One-man tax department - Research and planning, tax accruals, managing outsourced income (federal and 24 states) and personal property (30+ manufacturing plants) tax compliance, tax audits (all taxes except payroll), and real property assessment protests.
• Recognized potential for economic development incentives for proposed major manufacturing facility. Recommendation resulted savings of over $7M.
• Progressed stalled major real and personal property tax protest for major manufacturing campus. Settled personal property portion of protest achieving $500,000 annual tax savings.
• Performed personal property tax abatement reviews resulting in $200,000 in tax savings.
• Commenced reverse sales/use tax audit discovering and fixing potential significant ($300,000+) sales/use tax exposure.
• Provided tax due diligence for major acquisition that grew company by 50%.

• Tax Consultant to RTM Restaurant Group - Income Tax, Mergers & Acquisitions, Property Tax Services

Led five-person income tax group.
• Created the corporate tax function at RMC and bought tax return preparation in-house

• Initiated, supervised, or assisted in implementation of tax strategies saving almost $91M.
­ 1. Comprehensive review of tax depreciation lives/methods utilizing outside accountants. Resulted in $18.6M of additional deductions ($7.5M tax reductions).
2. Tax strategies for mining development/depletion, state income tax, and real estate tax expense resulting in $34.6M in tax reductions.
­ 3. Assisted U.K. parent company to implement tax strategies achieving $44.6M in U.S./U.K. savings.