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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…

Balance Sheet Risk …Major Concerns?

Posted by Kelley Lear on Jun 8, 2011 in Finance, Uncategorized | 0 comments

I just finished reading an interesting white paper from Deloitte titled “Key Factors Shaping Financial Reporting – The Decade Ahead” (contributing authors, Deloitte partners: Tom Omberg, Sherif Sakr, Sachin Sethi, Brian Murrell and Alfred Popkin), and I thought I would share some thoughts with you. This article, as its title suggests, is providing an overview of current concerns/challenges in financial reporting, important issues and trends, and suppositions on what the future might hold.

The authors open the whitepaper by outlining the premise of the paper which is that the global credit crises and the multitudes of failed financial institutions have lifted up a major concern that our current financial reporting is not doing a great job of lifting up the real risks of failure.

Show Me The Money

Posted by Traci Wheeler on May 16, 2011 in Finance, Tax | 0 comments

Lawmakers were busy last week in Washington as they listened to testimony on the issue of corporate tax reform from executives at several, well-known multi-national corporations. The subject was nothing new, and the debate will inevitably continue for many months and possibly years. One issue at hand is whether or not lawmakers should allow large multinationals another shot at bringing overseas funds back into the U.S. at a significantly lower tax rate. Executives last week indicated they are not in favor of another repatriation holiday but instead would prefer the focus stay on long-term corporate tax reform and an overhaul to the outdated tax code.

Grant Thornton LLP CEO’s Take on Accounting and Tax Challenges…

Posted by Kelley Lear on May 9, 2011 in Compliance, Finance, Tax | 0 comments

Had a chance to watch a short video on Accounting Today that you should check out. Always interesting to hear what our colleagues have to say out there about the latest and greatest in that Tax and Accounting profession. This video is an interview of Grant Thornton LLP ECO Stephen Chipman, by the Accounting Today Editor-in-Chief Bill Carlino.

Stephen shares his thoughts about the “deadline” date move for IFRS convergence, tax reform and his thoughts on the greatest issues facing the accounting profession today and over the next couple of years.

The Critical Role that Finance Plays in Changing the Tax Landscape

Posted by Kelley Lear on Mar 1, 2011 in Blog, Finance, Tax | 0 comments

Robert Kugel, SVP & Research Director for Ventana Research recently wrote an interesting and very relevant post entitled “Bringing Tax into Mainstream Finance.” As our regular blog readers may have noticed…we have several blog posts that speak to varying levels of integration, communication and collaboration between Finance, Accounting and Tax. In this article, Kugel takes a similar position but points out several important factors with regards to mainstreaming tax departments and the important role that finance plays in this transition.

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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.