James Moffitt Email & Phone Number

Scottsdale, Az, Us

Tempe, Arizona, United States

Plan and conduct audits, reviews, and compilation engagements

Scottsdale, Arizona, United States

Supervised and managed over 130 audits to ensure state compliance for a diverse clientele consisting of companies licensed across multiple states. Prepared various written reports such as financial statements, agreed-upon procedures, and examination reports required by the state. Examined accounting records and transactions for accuracy and reliability. Examined and tested company’s internal control policy and written procedures to assure they are in compliance with the state and federal standards. Substantiated transactions and analyze variances. Recommended an effective internal control to mitigate significant errors, irregularities or fraud. Lead and oversee a team of employees, delegate assignments, review audit work papers, review work in process and work procedures for maximum efficiency and quality of work performed. Managed a team and trained new employees and staff on policies, procedures, and regulations set forth by federal and state and city laws and regulations. Researched compliance matters, created audit programs, and prepared monthly and quarterly or year-end government written reports as required by the state. Participated in audit of income/expense for accuracy and reliability. Examined revenue records and related transactions to ensure timely recognition of revenue. Made nessessary adjustment to determine reportable income and expenses to the extent to which taxable income has been properly accounted for the year-end.Audit of fiduciary accounts and prepared supplementary reports. Reviewed subsidiary ledgers for necessary adjustments. Reviewed bank reconciliations and transactions for accuracy and reliability. Worked with clients on internal control weaknesses and recommended adjustments to maintain compliance.

Phoenix, Arizona, United States

Prepared international tax schedules and forms for large corporation with cross boarder activities with multiple foreign subsidiaries owned or controlled in foreign counties. Prepared taxable income calculations that are subject to transition tax under section 965, Subpart F, Global Intangible Low Taxed Income (GILTI) Tax, Foreign Derived Intangible Income (FDII), and Base Erosion Alternative Minimum Tax (BEAT). Analyzed organizational structure and procedures affecting income. Analyzed income tax treaties to determine the qualified credit. Complete accompanying international forms (5471, 5472, 8865, 8858, 8991, 8992, 8993, 1118).Review financial statements to identify foreign income inclusions and transactions flows to determine applicability of income inclusion. Analyzed Conducted research on complex international tax, tax computation methods, and tax matters. Prepared partnerships, corporate, and individual federal and state tax returns, including multi-state returns. Reviewed records and adjusted end-of-year trial balances for tax preparation. Conducted tax planning and researched various tax matters.Prepared monthly, quarterly, and annual transaction privilege tax (TPT) and use tax for multiple states/cities. Examined transactions and records to determine gross income, deductions, and exemptions from taxation. Researched and analyzed various business activities to determine business classification and applicable business codes and tax rates.Worked with clients and provided monthly and quarterly bookkeeping. Made journal entries, monthly adjustments, and adjusted trial balances. Prepared financial statements. Participated compliance auditing for nonpublic and nonprofit companies. Such as, compilation, review, and audit engagements. Prepared various written reports such as financial statements, agreed-upon procedures, and examination reports required by the state. Researched compliance matters, created and updated audit programs.