Gregory Mcnally Email & Phone Number

King Of Prussia, Pa, Us

Lead global ASC740 accounting for income taxes for publicly traded multi-national corporation comprised of corporations, partnerships and non-US entities. Implement continuous upgrades of domestic and international tax provision processes utilizing OneSource Tax Provision. Advise on structuring and income tax accounting impacts on M&A deals up to $2.3 billion. Led company through TCJA, redesigning accounting for income taxes processes including GILTI and §163(j). Strategically led company through CARES legislation generating over $128 million in cash tax refunds and accretive EPS. Monitor, interpret and implement changes related to tax legislation across 19 countries. Responsible for SOx controls. Manage compliance personnel completing consolidated and stand-alone corporate tax returns, partnership tax returns and over 150 state tax returns.

Wayne, Pa, Us

Direct global income tax provision, accounting for income taxes, domestic income tax compliance and strategy for publically traded multinational corporation. Train staff and manage outsourced provider assistance with quarterly 10-Q and annual 10-K FAS109/ASC740 income tax provision preparation and domestic tax return compliance. Directed implementation of OneSource Tax Provision software to complete conversion of provision process for multinational corporation from spreadsheet based to cloud based process. Conduct webcasts communicating accounting, tax and process improvements to global finance team. Prepare legal entity rationalization studies to support corporation's legal entity structure and manage suggested changes. Develop processes to comply with indirect taxes such as the ACA based Medical Device Excise Tax to ensure corporate compliance and generate reductions in tax exposure. Manage federal and state income tax audits as well as quarterly and annual 10-Q and 10-K related financial audits.

Manage preparation of federal and state income tax packages to facilitate preparation and filing of annual corporate tax returns. Direct sector portion of federal income tax audit. Individually manage and conclude state income, franchise, property and sales and use tax audits for legal entities within sector. Responsible for quarterly and annual taxable income projections, effective income tax rate forecasting, and cash for taxes forecasts, Responsible for deferred income tax accounting, income tax provision and FAS 109 compliance. Prepare annual transfer price reporting packages and monitor foreign entity transfer price compliance. Support corporate tax department with respect to considerations relevant to contracts, acquisitions, divestitures, restructurings and other strategic initiatives. Manage outsourced Sales and Use Tax compliance function for major entities within sector. Designed process maps and complete annual testing for Sarbanes Oxley certification.

Responsible for preparation of consolidated corporate federal income tax return, consolidated, combined and unitary state income tax returns and partnership return filings. Prepared corporate income tax provision in compliance with FAS 109 and footnotes for annual reports.Managed all federal and state income, franchise, property and sales and use tax audits. Coordinated gathering of documentation and responses to auditor inquires, Negotiated assessment reductions and initiated company process revisions where necessary. Developed and implemented a use tax accrual program resulting in decreased audit exposure and reduced assessments. Initiated company interest in, then recruited and assisted lobbyist in successful effort to change definition of processor under Pennsylvania Sales and Use, and Franchise tax statutes [See PS 7201(d)(3.1); House Bill 134 ratified May, 1997]. Successful ratification eliminated future interrogatories about company’s exemption status and reduced Pennsylvania capital stock/franchise tax by 50%. Reviewed and approved Sales and Use tax returns. Designed processes to facilitate filings. Directed Payroll department operations, standardized eleven subsidiary payroll systems onto ADP’s Payroll/Personnel system.

Bachelor Of Science (Bs) Business & Administration, Accounting

Masters In Taxation