MASSACHUSETTS
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
ELABORACIÓN DE DECLARACIONES DE LA RENTA
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Hi, I’m Edward Parsons. I’m a highly experienced CPA 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 experienceI have been serving 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.
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
See How Others Are Doing After Working With Us
I first worked with Ed when I needed a professional to help me with a number of issues which needed immediate attention. He and his team exceeded all my expectations and I will continue to use their services in the future.
S.R. Expat Formerly served By Big 4 Firm
Expat
Ed is amazing! International taxes are complicated and he was very patient explaining everything and what needed to be done. Ed is very thorough and easy to work with. I highly recommend him!
Stephanie Llanos - Trinidad
Expat
John DoeCEO
Ed worked for me as a project accountant on several complex projects at Goodwill. He did a great job for us and was extremely professional in all his work. Key attributes of Ed’s work included excellent follow-up, frequent status reports and clear documentation. He completed the work on a timely basis and ensured that we were satisfied with his work. I would not hesitate to hire him back.
Patrick Duff
CFO - Morgan Memorial Goodwill Industries
Ed’s analytical skills and attention to detail enable him to make quick and accurate decisions in a fast paced work environment. Ed operates with integrity and continuosly looks for ways to improve. It was always a pleasure to work with head, we benefited from his financial knowledge and he is truly missed. Ed will be an asset to anyone seeking his professional assistance.
Michele Gates
Controller - Aramark Corp.
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