Long Beach, CA CPA | Major Projects
Offer In Compromise
- Settled with the IRS, $500,000 in past due taxes for $50,000.
- Settled with the IRS, $100,000 in past due taxes for $100
- Elimination of $150,000 in past due taxes with the State of Oregon
[Because of changes in the tax law, one can not expect similar results]
For A Fortune 500 Company: Global Real Estate Services
- Saved company about $6 million during a New York Sales and Use Tax audit
- Developed the policies and procedures in filing the Washington Business and Occupational Tax Return and two successful Voluntary Disclosure Agreements [State of Washington and the City of Seattle].
- Reorganized the department – Grew the size of the department & retrained staff to be accountants and integration of departments after the Trammell Crow Company purchase
For A Savings and Loan Association [under contract with the Resolution Trust Corporation]
- Outstanding business challenges: Responsible for winding up tax operations before assets were sold.
- Successfully appealed a California Franchise Tax Board determination concerning “unitary business” rule. This saved the company over $500,000 in taxes.
For A Furniture Manufacturing & Distribution Company (Seven Stores & One Factory)
- Outstanding business challenge: Company turn around & reorganization
- Reorganized Accounting with process improvements
- Managed vendors
- New computerized accounting package
For A Fixed Base Operator [Aviation Services - $10 Million Gross Revenue]
- Reorganized Accounting with process improvements
- Analyzed Acquisitions and prepared financial forecast of new business ventures
For A Oil and Gas Exploration Company [$179 Million Gross Revenue]
- Outstanding business challenge: Created the financial model used to analyze the profitability of developing a new oil field. The model calculated the effect of earnings per share and was used to prepare prospective GAAP financial statements going out five years.
For a Felony Case
- John Ellis CPA was qualified as an expert witness in the field of accountancy and worked with the SEC and the Office of the Prosecuting Attorney, Wayne County, Ohio.
- John Ellis CPA testimony resulted in the accused being convicted of over 125 counts of securities and banking violations. The accused was sentenced to forty years in prison.
For a Small City
- John Ellis CPA discovered a $1.5 million error in a $3.5 million budget and improper accounting procedures.
