Year-End Tax Update

December 10, 2018 - Philadelphia, PA

Early Registration $895 (by November 10) Regular Registration $995 Groups of 3 or More Save $200 Off Each Registrant use code GRP. Please see our Terms & Conditions for our Financial Aid, Cancellation, Administrative and Other Policies

The seminar will provide tax and finance executives an understanding of the internal revenue code complexities of corporate financial statements and will focus on the significant changes of tax reform for domestic and international businesses including a FASB Update, compensation and technology update to provide you with practical solutions for your 2018 tax return filings.

This seminar is for corporate accounting, tax and finance executives, tax specialists and Certified Public Accountants.  This seminar will focus on tax regulatory changes and is designed for those with tax preparation experience. There is no advance preparation for this intermediate level group live seminar.  Earn Up to 8.5 CPE Credits

Conference Chairs: Bill Marx & Raymond Werth, Grant Thornton LLP

Monday, December 10, 2018

8:00 AM Registration & Continental Breakfast

8:45 AM 2018 Tax Accounting Overview

  • Summary of the tax reform changes impacting 2018, the material accounting and disclosure considerations for year-end, and other significant 2018 tax law changes

Nola Showers, Managing Director, Grant Thornton LLP, Philadelphia, PA
Kelly Bugg, Senior Manager, Grant Thornton LLP, Baltimore, MD

10:00AM Break

10:15 AM International Tax Planning

  • GILTI, FDII, and BEAT planning considerations; Any remaining “transition tax” issues?

David Zaiken, Managing Director, Grant Thornton LLP, Philadelphia, PA
Cory Perry, Senior Manager, Grant Thornton LLP, Washington, DC

11:15 AM Modeling Tax Reform with Technology

  • Overview of technology tools available and demonstration of International Tax Calculator (ITC) software

Chris Spratt, Senior Manager, Grant Thornton LLP, Philadelphia, PA
Scott Robins, Senior Manager, Grant Thornton LLP, Philadelphia, PA

12:15 PM Luncheon

1:00PM FASB Updates: Impact on the Tax Provision

  • How to account for tax impact of GAAP changes including revenue recognition and leases

Kristy Macera, Senior Manager, Grant Thornton LLP, Philadelphia, PA

2:00 PM State & Local Tax Update

  • Wayfair considerations, and other material state law changes (e.g., New Jersey legislation)

Drew VandenBrul, Managing Director, Grant Thornton LLP, Philadelphia, PA

3:00 PM Break

3:15 PM Compensation

  • Updates on section 162(m) issues, and new FASB guidance on non-employee stock compensation

Jeff Martin, Partner, Grant Thornton LLP, Washington, DC
Bill Marx, Partner, Grant Thornton LLP, Philadelphia, PA

4:15 PM Mergers & Acquisitions

  • Considerations for M&A activity from tax reform and other recent developments

Meghan Jodz, Partner, Grant Thornton LLP, Philadelphia, PA

5:15 PM Seminar Concludes

Conference Location:

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Grant Thornton LLP
2001 Market St.
Philadelphia, PA 19103
Phone: (215) 561-4200

Conference Speakers:

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Kelly Bugg is a Senior Manager in Grant Thornton’s Tax Accounting and Risk Advisory Services Practice.  She has over 12 years of experience delivering tax compliance and consulting services to sophisticated public and privately held companies. Kelly’s experience includes providing a diverse client base with ASC 740 provision analysis, complex multi-jurisdictional tax return preparation, due diligence and transaction planning, and flow through basis limitation calculations.

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Meghan Jodz is a partner in Grant Thornton’s Philadelphia office with 18 years of public accounting experience.  Meghan heads the M&A tax practice for the Atlantic Coast Market. She has extensive experience working in M&A with both financial and strategic buyers conducting tax due diligence reviews and has significant technical expertise in S and C corporations, internal restructurings, deal structuring, section 382 ownership changes, consolidated stock basis and accounting methods. Meghan has worked on numerous private and public company transactions ranging in size from $10 million to over $1 billion for both simple and complex groups. She also has extensive experience in accounting for income taxes for both private and public companies and advises on the financial statement implications of M&A transactions. Meghan is a Certified Public Accountant in the Commonwealth of Pennsylvania and is also a member of the American Institute of Certified Public Accountants. Meghan graduated from Georgetown University in 2000, magna cum laude, with a BS in Accounting and a minor in Spanish. She earned her Master’s Degree in Taxation from Villanova University.

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Kristy Macera is a Senior Manager in Grant Thornton’s Tax Reporting and Advisory practice. She has a broad range of experience, focused on assisting companies with income tax accounting, federal and state income tax compliance, and tax planning. Kristy serves dynamic, multinational businesses in several industries, most notably manufacturing, life sciences and technology. Kristy frequently assists her clients with tax accounting, under ASC 740 and IAS 12, with significant experience in tax provision preparation as well as audit support. Kristy also has been involved in numerous tax consulting projects, tax planning and structuring, and tax accounting for merger and acquisition transactions. Kristy is a Certified Public Accountant in Pennsylvania and Delaware and is a member of both the American Institute of Certified Public Accountants and Pennsylvania Institute of Certified Public Accountants. Kristy earned her Bachelor of Science in Accounting from the University of Delaware and her MS in Taxation from the University of Tulsa.

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Jeff Martin is Grant Thornton’s tax technical leader for compensation and employee benefits, and is also the tax technical leader of Grant Thornton’s Golden Parachute Express Services practice. Jeff has been practicing in the area of taxation for 15 years. He began his career as a tax associate in Grant Thornton’s Washington, DC metro area office, and later transferred to the Washington National Tax Office. In his current role, Jeff advises Grant Thornton’s offices and clients with respect to tax issues that impact compensation and employee benefits. In addition, he leads the firm’s training programs in several complex areas related to compensation and employee benefits.  As a member of the Washington National Tax Office, Jeff serves clients in all industries. He serves both public and private companies and tax-exempt organization of all sizes and at all stages of development.   Jeff graduated from West Virginia University with a Masters in Professional Accountancy and a B.S. in business administration with a specialty in accounting.  He is a CPA licensed in Washington, DC and Virginia. Jeff is an active member of the AICPA, where he is the Chair of the technical resource panel on employee benefits. He is also the Tax Chair for the AICPA Employee Benefit Plans Conference.

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Bill Marx is a tax partner in the Philadelphia office of Grant Thornton, and the firm’s leader of the Atlantic Coast region Tax Reporting & Advisory services practice. The TRA practice is primarily involved with tax accounting, compliance and planning for complex and dynamic corporate businesses. Bill has extensive experience with the preparation and review of income tax provisions, both ASC 740 (formerly known as FAS 109) and IAS 12 (IFRS). He has represented his clients’ tax interests in numerous transactions, restructurings, and in disputes with taxing authorities. Finally, Bill has been very active over his career with teaching about taxes in both internal and external CPE classes. Some of his recent presentations have included “US Federal Tax Reform,” “Tax Reform – A Deeper Dive,” “Around the Horn at the FASB,” “Accounting for Uncertainty in Income Taxes,” “Share Based Compensation,” “Corporate Tax Process and Function,” and “Consolidated Return Issues,” as well as general tax update sessions. Bill is a board member of the Philadelphia Tax Conference (PTC), a non-profit organization established to foster education and to heighten awareness of fair and appropriate tax policy. The PTC co-sponsors with the American Bar Association an annual corporate tax conference of the same name, and Bill was the co-chair of the conference from 2013 to 2015. He is a Certified Public Accountant (Pennsylvania) and is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants. Bill earned his Master’s Degree in Taxation from the University of Tulsa in 2006. He received his BS in Education from the Pennsylvania State University in 1995, and his BS in Accounting from the Pennsylvania State University in 1998.

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Cory Perry is a senior manager in Grant Thornton’s Washington National Tax Office. He consults on various international and transactional tax matters, including cross-border restructuring and financing, subpart F, global intangible low-taxed income, foreign tax credit planning, and global tax strategy. He has served as lead international tax senior manager on numerous large engagements for both public and private clients. Cory’s work focuses on international quantitative consulting, as well as consulting services for mergers and acquisitions.  He has significant experience performing Earnings and Profits studies and Foreign Tax Credit studies for companies ranging up to large public and private clients, including Fortune 100 companies. Cory has extensive experience in the financial services, technology and manufacturing industries.  He also has significant experience advising large banks, hedge funds and private equity clients on international tax matters. Cory earned his Bachelor of Business Administration at The State University of New York at Cobleskill and his Masters of Science in Accounting at The University of North Carolina at Greensboro.

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Scott Robins is the international tax and transfer pricing practice leader in Grant Thornton LLP’s Philadelphia office.  Scott’s international tax and transfer pricing practice consists of degreed and licensed professionals within complementary focus areas of accounting, law, and economics in delivering the most comprehensive and solution-oriented international tax services in the Philadelphia market for all types of domestic and foreign taxpayers. With over 12 years of public accounting experience, Scott and his team offer practical, valuable, and effective international tax services for the following:  Cash repatriation strategies; Global effective tax rate planning; Migrations of intangible property; Tax-optimized supply chain structuring; International restructurings; Foreign tax credit and subpart F income planning; Transfer pricing strategies and documentation; Cross-border mergers and acquisitions; Multi-country tax planning opportunities; Inbound investment into the United States; and U.S. international tax compliance. Scott is currently the firm’s leader for U.S. tax planning involving Luxembourg, the Netherlands, and Switzerland.  Previously, he held a position within the International Tax practice at a “Big 4” Accounting firm in Philadelphia. Scott earned his LL.M in Taxation from Villanova University.  He received his J.D. and M.B.A. from Temple University.  He received a B.A. degree in Business Legal Studies (Magna Cum Laude) also from Temple University.

Nola Showers is a managing director in Grant Thornton’s Philadelphia office and has over fourteen years of tax experience in public accounting. She has significant experience with complex multinational organizations, working with both public and private corporate clients, helping them to manage their compliance process, implement appropriate tax savings strategies, and manage their tax accounting in order to reduce overall financial statement risk. Nola oversees all aspects of her tax engagements for her various clients. This includes providing tax planning advice to senior executives to help them prepare, execute and implement the corporation’s tax strategies, directing efforts to identify emerging tax issues and their potential impact on the corporation, and overseeing her engagement teams as they work through federal, state and local, and foreign compliance complexities for her clients. She oversees her teams’ preparation or audit of quarterly and annual income tax provisions for her clients, and assists her clients in identifying, recording, and maintaining, uncertain tax positions. She has extensive knowledge of accounting for income taxes (i.e. ASC 740) to comply with GAAP, Sarbanes Oxley, and the SEC. She is the Tax Accounting and Audit Quality leader for the Atlantic Coast region of the firm, providing tax accounting and financial reporting technical support for technically complex matters. Being a regularly scheduled feature speaker on Grant Thornton’s Tax Accounting Update national webcasts, she keeps her clients abreast of the many changing U.S. and global tax legislation changes. She has a Bachelor of Science in Accounting from the University of Nevada, (Summa Cum Laude); a Masters of Science in Taxation from Villanova University and is a Certified Public Accountant in Pennsylvania.

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Christopher Spratt has over a decade of experience in public accounting and is the Atlantic Coast market leader for Grant Thornton’s Tax Function Optimization services. In this role he supports organizations with enhancing their tax functions through a strategic focus on People, Process, Data and Technology. Christopher assists his clients with evaluating the current state and identifying the desired future state for their tax function. He provides various services including assessment & recommendation, right-sourcing, software selection & implementation, tax controls support and data management & analytics solutions. Focusing on accounting for income taxes (“ASC 740”) throughout his career, he leverages his technical expertise to assist organizations with connecting their process and accounting needs to various technologies. Christopher is one of Grant Thornton’s subject matter experts for ONESOURCE direct tax solutions, a Certified Implementer for ONESOURCE Tax Provision (“OTP”) and has experience in other market-leading software and data analytics programs. His skills and experience include: Tax software selection & implementation; Data Analytics; Tax Compliance; Accounting for Income Taxes (ASC 740); Tax Consulting & Planning; IRS Audit Support; In-source/out-source (i.e. “Right-Sourcing”)

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David Zaiken has over 40 years international tax experience advising clients on a global basis and is currently a senior member of Grant Thornton’s Washington National Tax Office specializing in international tax. Prior to joining Grant Thornton, David was the Associate Vice President of International Tax Planning at Weatherford (a large oil field services company). David has been part of numerous international tax planning and controversies throughout his career that involved both corporate and transfer pricing matters and has helped clients manage the changing geography of global tax planning under tax reform in both the U.S. and under Base Erosion and Profit Shifting (BEPS).  David is a core international tax committee member of the United States Council of International Business and participates in commenting on various OECD and other matters. David has core industry experience in energy, high-tech, pharmaceuticals, intellectual property, and manufacturing. Prior to joining Grant Thornton, David held positions as an international tax partner of Arthur Andersen, KPMG, and Alvarez & Marsal Taxand. David is a CPA and a member of the AICPA and has been an author and a lecturer at tax events.  David has a BBA from the University of Iowa and a MPA in taxation from the University of Texas at Austin.