MICHAEL LABOSCO, CPA, MS

** ****** *****

Massapequa, NY 11758

abszob@r.postjobfree.com

516-***-****

SUMMARY

Senior Tax and Treasury Professional with extensive experience in taxation,

treasury operations and accounting. Can excel as an individual

contributor, but is known for developing and creating high performance

internal and external teams that achieve corporate cost reduction goals.

Adept at communicating complex technical information to non-technical

audiences. Consistently met deadlines without sacrificing quality and

customer satisfaction using demonstrated expertise in

Tax Reduction and Planning Treasury and Accounting

Domestic, International and State Investments and Insurance

Taxation Cash Flow Analysis

Tax Provision Retirement and Equity Plans

Transfer Pricing

Tax Research and Audits

PROFESSIONAL EXPERIENCE

STANDARD MICROSYSTEMS CORPORATION, Hauppauge, NY 1992 - Present

Senior Director, Tax & Treasury

Created and headed up a tax and treasury department for this multinational

+$400MM high-tech manufacturing company, and currently supervise a

professional staff of 9 employees in the tax and treasury departments.

Led, coordinated, and managed all aspects of the tax and treasury

functions.

Tax

. Led a project to restructure the company's international operations to

better serve the Company's vendors and customers and save the company

$50 million in income taxes.

. Performed due diligence on acquisitions, dispositions, integrations, and

other special projects, and recommended the optimal tax structure for

numerous transactions.

. Negotiated favorable tax audit settlements with the IRS, international

and state tax jurisdictions that resulted in significant tax savings.

. Prepared forecasts of the consolidated income tax rates, and

periodically reviewed such projections with C-level executives and thus

enhancing their reliability.

. Reviewed worldwide tax provision and transfer pricing for approximately

30 entities to ensure compliance with transfer pricing policies, US

GAAP and ASC 740 (formerly FAS 109).

. Increased department efficiencies by implementing various software

solutions to handle tax compliance, ASC 740, transfer pricing, sales

tax, depreciation, equity compensation administration and the related

accounting requirements of ASC 718 (formerly FAS 123R).

. Improved quality of tax documentation by creating checklists,

monitoring progress, and ensuring that that appropriate inter-company

and equity chargeback agreements were executed.

. Led an effort to maximize tax benefits associated with equity

compensation, bonus payments, cash outs, severance, and other

compensation in the US and abroad.

Treasury

. Managed worldwide cash flow and banking relationships for the company

and partnered with other C-level executives to more accurately project

short and long term cash forecasting.

. Developed, monitored and modified the company's investment policy,

and maximized investment returns on the company's excess cash

exceeding $150 million while minimizing risk.

. Managed all aspects of the company's equity, defined benefit and

defined contribution plans with over $70 million in assets, and

maximized investment returns while minimizing fees.

. Piloted the worldwide property and casualty insurance programs over

the last twelve plus years, while broadening the risks covered and

reduced the premiums paid on such programs.

. Led an effort to convert the company's health insurance programs from

a fully insured program to a partially self-funded plan that saved

the company over $2 million.

. Implemented and monitored ongoing initiatives to comply with Sarbanes-

Oxley in the treasury and tax departments.

. Reviewed all staff prepared footnotes for the company's 10K, 10Q, and

proxy filings with the SEC to make sure they were in compliance with

the appropriate accounting guidelines.

ADDITIONAL EXPERIENCE

DOVER CORPORATION, New York, NY 1986 - 1992

Tax Manager

Spent 6 years reviewing and preparing complex federal and state returns

and tax provisions for over 70 legal entities. Automated the tax

compliance process and trained financial personnel to comply with tax

department information requests and automation. Reduced taxes and

related fees by:

. Recommending, and implementing the use of a Delaware holding company.

. Working on Federal and state tax audits, and representing the company in

formal and informal hearings in various jurisdictions.

KPMG (f k a Peat, Marwick, Mitchell & Co.), Jericho, NY 1984 - 1986

Senior Tax Specialist

Prepared various types of income tax returns, reviewed income tax

provisions and performed research and planning.

MARGOLIN, WINER AND EVENS, Garden City, NY 1982 - 1994

Senior Staff Accountant

Supported auditing staff on audit engagements, and prepared corporate,

individual and partnership income tax returns.

EDUCATION

MS, Taxation, C.W. Post University, Greenville, NY, December 1986;

BBA, Accounting, Hofstra University, Uniondale, NY, May 1982;

PROFESSIONAL DEVELOPMENT

Computer Skills: SAP, MS Excel, Word, PowerPoint, and Outlook, Lotus

Notes, Corptax, BNA tax research products, CCH tax research products,

Equity Edge and Equity Methods stock option software, TurboTax.

Certification: Certified Public Accountant, State of New York

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