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ED PARSONS, C.P.A.

INTERNATIONAL TAX ACCOUNTANT

CERTIFIED PUBLIC ACCOUNTANT
CPA

ED PARSONS, C.P.A.

INTERNATIONAL TAX ACCOUNTANT

CERTIFIED PUBLIC ACCOUNTANT
CPA

PRACTICE AREAS

DELINQUENT TAX RETURN PREPARATION

SMALL BUSINESS TAX AND ACCOUNTING

CATCH UP BOOKKEEPING

IRS REPRESENTATION

PRACTICE AREAS

STREAMLINED FILING PROCEDURES

PFIC REPORTING

CONTROLLED FOREIGN CORPORATIONS

FOREIGN TRUSTS

ABOUT ME -
INTERNATIONAL TAX ACCOUNTANT

Hi, I’m Edward Parsons. I’m a highly experienced International Tax Accountant  who helps small businesses make effective management decisions and reduce their tax burdens. In addition to serving domestic businesses with standard CPA needs, I’m frequently sought out for my specialties: international taxation and small business catch-up bookkeeping and tax reporting.

I help entrepreneurs and businesses with even the most complex needs that other CPAs are afraid to tackle. This could be anything from unreported foreign assets or income, to back taxes, to disorganized or missing documentation. I work in person with local clients and online for those farther away. Whether it’s a mom-and-pop business, an international firm, or a Fortune 50 company, business owners count on my expertise to help them succeed. 

MY SKILLS

A Certified Public Accountant with Big 4 Tax and Fortune 50 Financial Reporting experience I have been representing international tax clients as an Independent CPA since licensed in 2009; I have represented hundreds of clients in cases of unreported income, back taxes – unfiled tax returns, unreported foreign income or assets, OVDP, streamlined filing compliance procedures as well as tax debt negotiation.
My corporate leadership experience includes Controller and Tax Senior roles, in a career strongly influenced by my time at Valley Forge Military Academy.
Strong software skills include advanced Excel, SQL reporting and all major financial reporting and tax software such as Intuit or CCH products (quickbooks, Axcess ). I can leverage on these skills to improve existing processes, such as when I reduced average collection time for a Harvard University business unit from over 90 to under 30 days by designing, building and  implementing an automated A/R process built with Crystal Reports (SQL)

Tax preparation

International Taxation

Financial Reporting

Auditing

Representation before the IRS

Entrepeneurs

Small Business

Large Corporation

Public Accounting Firm

Big 4 Firm

EXPERIENCE AND EDUCATION

1997

VALLEY FORGE MILITARY ACADEMY

Junior Reserve Of The Corps Platoon Sergeant

2002

UNIVERSIDAD DE LA SABANA

Bachelor of Science, Business Administration

2002-2006

ARAMARK CORP

FINANCIAL CONTROLLER

  • Led the accounting & Internal control functions for a $20 Million, 200 room hospitality operation for Harvard University.
  • Managed payroll for over 150 employees
  • Audit Contact with public accountants to assist in their independent audit and tax obligations.
  • Managed a team of 4 to complete all accounting functions.

2004

HARVARD UNIVERSITY

Reduced average A/R collection period for a Harvard University business unit from 90 days to under 30, by implementing an automated collections system built with SQL Queries and B.I Crystal Reports.

2006-2009

SMALL BUSINESS ACCOUNTANT

Provided tax and accounting services to small businesses on a part time basis while working my full time job. My Client Portfolio included individuals, Venture Capital backed MIT Startups and non profit organizations in the General Boston Area

  • Interim controller role for day to day accounting cycle management as well as assistance with accounting policies and procedures
  • QuickBooks implementations, Catch up / Clean Up Bookkeeping Projects
  • Assistance with year-end audits. Reconciliations and workpaper preparation.
  •  Advanced reporting using SQL or Excel workpapers reporting on external data.

2006

LAPPING SCHEME

Uncovered a 7 Year $700 thousand dollar lapping scheme at a major Boston Hotel previously undetected by the major name auditing firm in it’s past 7 years annual audit.

2006-2007

FIDELITY INVESTMENTS

Senior Financial Analyst
  • Monthly Consolidated financial reports for top level management with applied analysis.
  • Monitor financial statements compliance with US GAAP while factoring in upcoming IFRS adjustments.
  • Part of the Senior Management Financial reporting team responsible for delivering daily reporting support.

2007-2008

LIBERTY MUTUAL

Senior Accountant – Internal Reporting

  • Work directly with public accounting firm as part of the  audit contact team; manage the Audit Process and aid in ad hoc reporting
  • Reported using Business Intelligence, Crystal Reports,  & Hyperion Essbase

2008

UMASS BOSTON

Master of Science in Accounting

2008 - 2013

TAX PLANNER CPA

CPA, International Tax Accountant

Co-founded, developed, and led a team that focused on tax and accounting services for Americans living abroad.

Established a scalable proprietary online platform that allowed compliance with recordkeeping requirements for a paperless office, interact with the client securely and safeguard sensitive data.

The code for the platform continues to evolve and is currently deployed Software as a Service for Boutique CPA firms.

  • Oversaw a team of Certified Public Accountants, Enrolled agents and 4 support staff to prepare over 1,000 returns per year
  • Represented delinquent filers before the IRS to help resolve their collection status and become compliant through payment plans, determination of non-collectible status or statute limitations.
  • Prepared Tax returns under the Offshore Voluntary Disclosure Initiative

2009

CERTIFIED PUBLIC ACCOUNTANT

Massachusetts Board of Public Accountancy, #26,369

All Sections Passed on First and only Attempt, while servicing and growing my client list.

  • FAR – 89
  • REG -83
  • AUD -93
  • BEC – 89

2013

FIRST TRIATHLON

2019

BERKOWITZ POLLACK BRANT

Senior Accountant – International Tax 2019 Tax Season

  • DNI Calculations for the 65 Day Election for Foreign Trusts
  • Delinquent FBARs for high net worth families.
  • Controlled Foreign Corporations

2020

EY

Seasonal Signer

Review and sign tax returns working with associates to deliver multi-state, high net worth individual tax returns in a high paced setting.

2020

First Self Sufficient Meal

Following years of hard work, the place I hope to make self sufficient one day gave its first entire, organic meal from its harvest.

International Tax Accountant

2013 - Current

Ed Parsons, CPA

International Tax Return Preparation – multi-year tax return submissions for delinquent returns, including those with international forms (2555, 1116, 5471, 8621, 8938, FBAR).

  • OVDP, OVDI, Streamlined program Submissions since the first program came out.
  • Consult directly or via Legal counsel with taxpayers on their tax delinquency
  • Represent Taxpayers before the IRS
  • Small Business  Tax and Accounting management; Payroll Reporting, Sales Tax, Monthly Closes, PPP, EIDL

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