6:00 - 6:10pm - Login to Zoom
6:10 - 7:15pm - Speaker, Glenn Gow
7:15 - 7:30pm - Networking and Wrap Up
Speakers:
· Tom Bondi, Tax Partner, Armanino LLP
· Tim Guderian, Tax Partner, Armanino LLP
Length: 60 Minutes including Q & A
TOPIC: Variety of Significant Tax Issues You As CFO Should Be Aware Of
Part I – Domestic & Federal Tax Issue:
· Revenue Recognition – Tax Perspective, re Advance Payments, Deferred Revenue
· Section 382 Issues – Allowances for NOL (Net Operating Loss) re Change of Ownership
· NOL Utilization since 2017 CARES Act
· Tender Offers/Secondary Funding – Effect on Corporation
o Compensatory or Gain
· Stock Options – Effect from ISOs, NSOs, RSUs * RSAs
· FDII (Foreign-Derived Intangible Income) and How It Can Reduce Effective Tax Rate
Part II – Domestic State and Local Tax Issues (SALT):
· Sales & Use Tax, since the Wayfair Case, what is your exposure
· Multi-State Income Tax Reporting & Apportionment/Nexus Issues
· NOL Limitations & Proper Allocations of NOL
Part III – International Tax Issues:
· GILTI (Global Intangible Low-Taxed Income), TCJA
· Transfer Pricing (and TPAs) + Benchmarking
· IP Migration
· VAT Exposure
· Withholding Tax Planning & Compliance
Part IV – Other Planning Issues for Your Awareness:
· M & A and Funding Round Due Diligence
· Stock Option Education
· Qualified Small Business Stock (IRC 1202)
o Determination
o Analysis for Support
· Ownership Dilution Planning
· Term Sheet Negotiations & Issues
· General Tax Planning to Plan for Cash Requirements
· Exit Planning, When To Begin Planning
· Stock Sale v Asset Sale
About Armanino LLP
Founded in 1969, Armanino is the 21st largest accounting firm in the U.S. by annual revenues. It’s also the largest accounting and business consulting firm headquartered in California. In 2019, the firm booked revenues of $326 million, a 22 percent increase versus 2018. Prior to that, in recent years, Armanino’s revenues had climbed by as much as 30 percent per year.
Armanino’s recent era of growth was ushered in by a focus on investing in consulting, risk assurance and advisory, business management/family office capabilities, and blockchain. In the past decade, Armanino more than doubled its headcount and opened 10 offices in some of the fastest growing cities in the country. Since 2001, the firm has been named to INSIDE Public Accounting’s Best of the Best Firms list 17 times. The list recognizes firms that produce superior financial and operational results, along with focusing on maintaining a solid foundation for future success.