Carly Maltese, CPA

Carly Maltese, CPA
  1. Tax Accounting:
  • Prepared and reviewed income tax provisions for U.S. domestic and international jurisdictional business units monthly and quarterly. Presented quarterly and annual ETR analysis to management.
  • Review of quarterly ETR forecasting for Domestic and International business units for use in tax planning initiatives.
  • Assisted the business with the implementation of tax law changes, the recognition of tax reserves and valuation allowance accounts as they relate to the tax attributes in various tax jurisdictions. Including footnotes and disclosures necessary for the financials.
  • Managed and maintained tax positions (~$50mm net tax benefits) in local jurisdictions. This includes review of financials for international jurisdictions and ensuring adequate documentation is available in support of positions.
  • Designed processes and templates for the domestic and international income tax provisions in Hyperion to facilitate efficiencies for the tax accounting preparation and review process. Continues to save over 200 hours quarterly.
  • Implementation and analysis of transfer pricing for domestic and foreign jurisdictions.
  1. Tax Compliance:
  • Managed and prepared the Federal, International, and State tax compliance processes, including preparation and review of 5471s, 8858s, 8865s, 1120 Proformas, and 1065s. Created efficiencies for compliance process improvements resulting in 600+ hours of time savings per year.
  • Managed and reviewed all workpapers inclusive of M Adjustment and E&P adjustments for business group.
  • Reviewed and assisted with preparation of IRS Information Document Requests (IDR’s) responses, State Audit Requests, and International Audit Requests. Handled communication directly with auditors in local jurisdictions.
  • Reviewed Foreign Jurisdiction Filing Status and Filings for business group (review of international tax filings for Canada, Luxembourg, South American, United Kingdom, Italian, and German affiliates).
  • Worked with business accounting team to obtain accurate financial data and information for tax templates and build relationships.
  • Managed Sec. 901 and 902 pools for business group. Analyzed and prepared full year projections for E&P and tax pools for business group for quarterly and annual foreign tax credit analysis as it relates to Form 1118.
  • Supported business positions for Subpart F Analysis and Reporting, Check the Box Elections, Permanent Establishment Analysis, and Base Erosion Strategies
  • Assisted with jurisdictional VAT analysis for future activity of business units
  1. Tax Planning:
  • Supported business group tax directors for various projects and transactional needs, including modeling and attribute analysis and basis calculations as they relate to domestic and foreign corporation and partnership structures. This includes cash extraction strategies for foreign subsidiaries, Base Erosion strategies, Fair Market Value Analysis, Permanent Establishment Analysis, and Transfer Pricing Studies.
  • Worked closely with Treasury group for cash management and cash extraction strategies for local jurisdictions.
  • Managed restructuring projects for business group – inclusive of reorganization for Domestic and International structures, organization into a pass-through structure in order to optimize tax attributes and cash extractions strategies, cost reduction by reducing total number of entities in structure. Resulted in 700mm and 500mm in tax savings respectively.
  • Implementation of limited risk distributor models.

Carly has both her Bachelors and Masters degrees in Accountancy from the University of Florida.