Lorna Toyota has over 15 years of Federal and State tax compliance and provision experience. She has practiced at large multinational corporations, providing her extensive, hands-on experience and an excellent understanding of a corporate tax department’s processes and procedures. To help you further evaluate her abilities, the following list includes projects and services that Lorna has performed:
1. Tax Provision: Lorna has significant tax provision experience, including quarterly provision analysis, ASC 740-10 (FIN 48), return to provision true-up, tax account roll-forwards, rate reconciliation and footnote disclosures. Additional experience includes purchase accounting analysis, ASC 718 (FAS 123R), design and implementation of on-line tax provision database, implementation of fixed asset software with detailed true-up, and Section 404 compliance.
2. Domestic Compliance: Lorna has extensive experience preparing and reviewing corporate Federal and state tax returns, including consolidated returns, quarterly and annual R&D credit calculations, and preparation/review of Forms 5471 and Forms 8858. Additional experience includes implementation and maintenance of fixed asset software and calculations, including detailed analysis and necessary true-ups.
3. International Compliance: Experience includes review of worldwide income and expense summaries by entity, including cost plus, cost sharing and IP transfers, review and approval of tax accounts and payments, and preparation of return to provision true ups.
Prior to joining Steele Consulting in 2016, Lorna’s prior employers included Tibco Software, Intuit Inc. and Synopsys, Inc.
Lorna earned her Bachelor of Science in Electrical Engineering from the University of Southern California, graduating Cum Laude, and earned a Master of Science in Accountancy from San Jose State University.