Intaxication: The Red Moon Solutions Tax Blog

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It’s All About Cash Flow! Tax Pros Share Tips…

Posted by Kelley Lear on May 16, 2012 in Compliance, Empowerment Series, Tax Planning | 0 comments

Was just getting ready for an upcoming conference and discussion on creating a proper business case for securing tax department budget for tax technology and other tax department projects. One of the concepts we cover is understanding what your CFO and C-Level executives care about so that you can present your projects more effectively. In recent discussions with folks, I got a bit of a chuckle as pretty much everyone told me “it’s all about the cash”, “cash is king” or “all they care about is increasing cash flow”. Since we are coming into summer projects season, I thought I’d share some of the discussions we have been having with Tax Pros out there about cash flow. Maybe you can get started on planning a summer project that will result in a sizable bonus for you at year end!

Tax Pros…Do You Know What your Kids are Doing Online?

Posted by Kelley Lear on May 10, 2012 in Empowerment Series, Humor, Innovation, IT | 0 comments

OK, so this one is just because I am a Mom who happens to be in the “oh so busy” tax industry…and if most of you are like me, you don’t have an exorbitant amount of free time in which to search through all the new and interesting technology, websites and “apps” that your children can now get access to. Thankfully, my son is eight and it is still easy to know/monitor what he is getting online to see and do. So far, he love YouTube for ridiculous videos and http://www.addictinggames.com/. And, by the way…when they call it “addicting games” they mean addicting. I think my husband and son are both addicted for sure! I also have nieces and nephews in the their teens though, who are a bit more mobile and able to enter a whole new world of social media.

Top 5 Trends in Compliance Risk Management!

Posted by Kelley Lear on May 8, 2012 in Audit, Audit, Tax, Tax Planning | 0 comments

It’s a whole new world out there with respect to compliance risk management. In fact, years ago we definitely talked about corporate risk, tax risk, security and IT risk, as well as other silos of targeted risk management planning. Today I believe we are hearing more and more about true Enterprise-wide risk management and compliance risk management. A more fully integrated organizational approach is needed as the categories have expanded to include risks which are strategic, reputational, operational, financial, compliance-related, insurance, internal auditing, corporate investigations, fraud, and information security…and on…and on….depending upon the industry and jurisdictions.

Outsourcing and Insourcing – What are Companies Doing Out There?

Posted by Kelley Lear on May 2, 2012 in Compliance, Empowerment Series, Finance, IT, Process Improvement, Tax | 2 comments

Two years ago we started an outsourcing service for fixed assets management – calculating book/tax (Federal, AMT, ACE, States, E&P…) depreciation calculations, bonus, Mid-Quarter, Section 179, etc. as well as providing data for monthly reporting, quarterly provision and all tax compliance forms. We started this service as we heard from customers that they were interested in outsourcing this part of their tax departments. Most of our current clients keep Federal and State Income Tax compliance in-house, but actually outsource some of their narrower functions which they have difficulty staffing, and/or those that they believe they can outsource and spend more time on greater value add activities such as analysis and planning for tax saving. We actually hadn’t originally planned on providing this service, as this was completely customer driven.

Spring has Sprung!

Posted by Kelley Lear on Apr 25, 2012 in April, Empowerment Series, Humor, Leadership, Motivation, Tax | 0 comments

Aside from finishing your individual income taxes, looking forward to ever more beautiful weather, budding flowers and summer vacations, what does spring make you think of? Spring cleaning perhaps? OK, not as exciting as planning your summer vacations and day dreaming about laying on a beach slowly sipping a frilly umbrella drink, but spring cleaning can be fun. And, it can end up being pretty darn productive. Especially for tax professionals! Look around your office. Look around your desk. Don’t run past the files in the hallway with endless rows of file cabinets and the old offices that have been gutted to incorporate ever more rows of daunting grey file cabinets. Don’t hide those eyes.

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Blog Authors

Jim Shedivy

Jim focuses on the long term strategy and the alliance opportunities for Red Moon Solutions, a privately held family business. He has over twenty years of experience in managing tax technology projects and businesses.

Kelley Lear

Kelley is a member of the executive leadership team and leads our sales and marketing efforts at Red Moon Solutions. Kelley’s extensive experience in project management, product management, and consulting with Fortune 500 and Global 1000 clients is extremely important in this role.

Susan Sabatini

Susan Sabatini is the Client Services Manager at Red Moon Solutions. She uses her project management experience and a client focus to ensure Red Moon Solutions’ clients have successful implementations. Susan also leads our client support team.

Traci Wheeler

Traci is a member of the executive leadership team and leads our sales and marketing efforts at Red Moon Solutions. She has over ten years of software business experience serving small and large clients in a variety of industries.