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What Does Your CFO Care About and Why Should you Care?

Posted by Kelley Lear on Feb 22, 2012 in Finance, Leadership, Tax, Tax Planning | 0 comments

Every year, I take an in-depth look at what the CFO’s are saying and predicting for the coming year. Last year I shared my findings with you. I thought I would do that again, as this is a pretty important thing to understand. But, why should you care? Well, in most cases the tax department must rely on approval from the CFO for tax department budgets, operational decisions, and other strategic initiatives. Therefore, I believe it is critical to better understand what they are hoping for, struggling with and trying to overcome each year. It can only help you when putting together a business case or trying to prioritize tax department projects, as you may be able to better align with overall CFO and other corporate initiatives. Big fan of doing your homework!

Is FATCA Keeping You Up at Night?

Posted by Kelley Lear on Feb 14, 2012 in Compliance, Finance, Tax | 0 comments

Throughout the conferences I attended last year, I heard a lot of presentations and discussions tailored towards tax department challenges, financial reporting, tax reporting and compliance concerns. Most talks were titled “Emerging Trends” in a particular area, or “Income Tax Challenges”, “Tax Accounting Concerns” and other such nomenclature. There were also lots of questions to conference participants trying to illicit what folks’ biggest concerns were for 2011 and 2012. As you can imagine, I definitely heard a lot of heated discussion. Interestingly enough, quite a few folks were even savvy enough to answer the question with FATCA. In fact, I heard several tax pros say that they have had plenty of time to plan for and implement changes to mitigate risks on the new Uncertain Tax Positions (UTP) compliance this past year, as well as on their other tax accounting challenges (good for them!).

Are you up to Speed on the Latest Tax Accounting Trends?

Posted by Kelley Lear on Nov 29, 2011 in Audit, Finance, Tax, Tax Planning | 0 comments

At the recent Vertex Exchange 2011 in Las Vegas, NV, I was able to sit in on a panel session,“Tax Accounting Expert Panel:Gain Access to Experts that Know the Industry Best”. The panel discussion was facilitated by Stephanie Malin of Vertex and included panel experts Jode Shaw, Shaun Lockhart and Bob Norton. I always love to participate in panel discussions as they provide a chance to listen to more than one thought leader as well as typically get a lot more audience interaction. With audience interaction, you are able to learn a lot more about what your colleagues are truly facing out there and to go from more theoretical discussions to the practical (what is working out there and what isn’t).

Impairments Getting You Down?

Posted by Kelley Lear on Oct 19, 2011 in Finance, Fixed Assets, Tax Planning | 0 comments

I just read an interesting report by Ernst & Young, LLP, called “Meeting Today’s Financial Challenges: Impairment reporting: improving stakeholder confidence”. Thought I would share some of the key points I learned from the article. It is particularly interesting to me these days since we deal with so many accounting and tax professionals that need to handle impairments on a regular basis. Additionally, the question of needing to fully automate regular impairments comes up more and more in talking with clients who are using or are getting on board using our Fixed Assets Manager (FAM) product (all of which we easily handle in FAM).

IFRS – Taking Lemons and Making Lemonade!

Posted by Kelley Lear on Jul 27, 2011 in Compliance, Finance, July, Tax | 0 comments

I was just reading a recent eBook out on Accounting Today that presented some interesting thoughts from on IFRS. The title of the eBook is “Understanding and Meeting the Demands of a Complex Global Economy – International Financial Reporting Standards (IFRS) and More” presented by Accounting Today. The eBook is broken down into “articles” which are essentially mini white papers. The various authors also share some great industry survey results you may want to check out.

Transfer Pricing Pain….

Posted by Kelley Lear on Jun 29, 2011 in Compliance, Finance, Software, Tax | 0 comments

As promised, Traci Wheeler and I are continuing to share our experiences and sessions from the Association for Computers in Taxation Conference 2011 held in San Diego this year. For this blog post, I think I will categorize this under our “Red Whine Wednesday” category of posts, due to the nature of the topic. I was able to attend a session called Mastering Domestic Transfer Pricing and Legal Entity Accounting as presented by Joseph Ochoa and Daniel Falk. Oh what a topic…if I was able to get you past the title to actually read this blog, I feel amazed and amused, as I know for most tax professionals, hearing about transfer pricing typically makes you want to head straight for “happy hour”. For others, it seems to be fertilizer for the endless grey hairs that are continuing to sprout on our seemingly young craniums. As the presenters posed…

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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.