Stefan Thomas Email & Phone Number

Chicago, Il, Us

Oakbrook Terrace, Illinois, Us

As the tax director at Filtration Group, I've been tasked with and have implemented several key changes as part of an overall leveling up of the company's tax processes. Within my two years, the following are just some of the accomplishments I've driven within the tax function: - Develop a quarterly tax provision process from scratch, including retroactively computing quarterly provisions for 2 earlier years- Develop standardized workpapers and memos with respect to uncertain tax positions, valuation allowances, and the company's indefinite reinvestment assertion- Enhance the annual provision process to establish a clear calendar, lines of responsibilities, and bring the entire process in house- Implement current and retroactive ASC 842 tax adjustments- Develop standardized workpapers with respect to opening balance sheet deferred taxes and income taxes payable for acquisitions- Completely revamp the tracking of goodwill and intangible deferred taxes- Established new process when it comes to computing and tracking share based compensation permanent and deferred tax adjustments- Develop standardized processes with respect to complex book-tax adjustments such as derivatives, foreign exchange gain/loss, debt modifications, and AOCI adjustments- Overhauled the state provision and state estimate workpapers to run more efficiently, effectively, and comprehensively - Created a tax footnote workpaper completely linked to tax provision workpapers- Managed the transition of tax compliance services between service providers and transitioned tax depreciation and UNICAP calculations from external service providers to the in-house team- Develop the ASC 740 skillset of the entire team through one-on-one trainings and team-wide lunch and learns- Establish and document internal control procedures to comply with SOX requirements- Proactive management of external, PCAOB-standard audit process resulting in no externally identified adjustments while under my purview

Worldwide, Oo

As a tax specialist working out of the Deloitte Chicago office, I had the privilege to serve a diverse and prestigious set of clients while also working within one of the most sophisticated and cutting edge groups of tax professionals in the country.My area of focus, strength, and interest was in corporate income taxation, with half of my time spent on ASC 740 and the other half spent on income tax compliance and Subchapter C issues. My client base spanned several industries, including manufacturing, retail, restaurant, technology, insurance, and financial services. Finally, I was a leader when it comes to the training of other professionals on tax technical topics, tax software, and professional development skills both within the United States and across the world.- Lead up to 20 client engagements as the main point of contact with directly managed revenue of up to $2M annually- Developed a robust understanding of various tax areas such that I was able to lead and support the delivery of tax projects covering federal, state, international, indirect, and employee tax issues generating on average $500k - $1M of additional revenue annually- Oversee teams of 2 – 10, along with the coordination of multiple specialty groups, in the delivery of income tax returns and preparation and audit of income tax provisions for large and complex multinational corporations- Lead and coordinate 20 - 25 trainings per year covering tax technical topics including federal tax accounting, subchapter C, ASC 740, and proposed or effectuated tax law changes which include on average between 15 and 60 participants ranging from interns to partners

Worldwide, Oo

- Oversee teams of 2 – 8 in the delivery of corporate income tax returns and tax provision calculations along with the audit of income tax provisions, including the implementation of process improvements to standardize approaches and better leverage staff both in and outside of the United States which increased engagement profitability without sacrificing work quality- Research and analyze federal, state, and international tax technical matters to resolve questions with respect to ASC 740 and income tax return filings, including the preparation of technical memorandums thoroughly documenting the analysis- Support national subchapter C competency leader with various tax planning and restructuring projects along with the development of content for national competency calls- Lead the development of tax professionals both in the US and in India by coordinating and conducting trainings covering tax technical, tax software, and professional development skills locally and virtually

Worldwide, Oo

- Oversee teams of 2 – 3 consultants in the preparation of corporate and partnership income tax returns and income tax provisions- Coordinated, as the lead tax senior, the income tax audit with respect to mid-sized, large private, and large public corporations

Worldwide, Oo

- Prepared and reviewed US and state corporate and partnership income tax returns- Prepared and reviewed domestic income tax provisions for mid-sized companies- Audited income tax provisions for mid-sized to large corporate companies

Worldwide, Oo

- Prepared US federal and state tax returns for US inbound and expatriate individuals- Collaborated on several international assignment consulting projects, including the coordination with up to 40 different foreign offices on the delivery of services

Dekalb, Il, Us

Dekalb, Il, Us