Naresh Khanwani, CPA, MST,CMA,CFA
** ******** **., *********, ** - 07726
Phone (917) 412 – 2658 linkedin.com/in/nareshkhanwani
July 2009 – June 2019 American Standard Brands / Lixil Water Technologies, Piscataway, NJ
Preparation/review of the consolidated & all subs federal with federal attachments, state & local income & franchise tax returns using OneSource tax software. Assisted in transition tax calculations for E&P § 965 TCJA.
Preparation/assist for quarterly & annual federal tax provisions tax entry for US, MX and Canadian entities for ASC 740 compliance. Preparation of annual consolidated roll forward schedule for FA and intangibles.
Preparation of US/International filings of Forms: 1042/S, 4562, 5471/2, 8926, 6765, 851, schedule O, 1118 and § 163j calculation for cons. tax return. FinCen 114, W-8 BEN-E and Form 8802 for consolidated/subsidiary entity.
Assisted with F/S information to outside consultants for TP study and vetted final TP reports for tax return purpose. Maintain analysis for federal & state tax credits regarding NOL’s.
Assisting with evaluation of various Sales and use tax calculation software for bolt-on purpose for correct calculation SUT at local jurisdiction level.
Complete J-Sox internal control reports for tax provisions purposes for headquarters and Deloitte.
Assist with Federal, State & Local income, franchise tax and Sales and use tax audits & property, misc. tax requests.
Preparation of monthly management report for cash taxes paid, overhead allocation cost between subsidiaries, drafted tax depreciation specs for configuration for correct calculation of different tax depreciation from FA module in SAP.
Developed and groomed skills of tax accountant to manage compliance for all Sales and use tax, OH-CAT, WA B&O, annual report compliance, business personal property tax rendition and Freeport exemption filing for various counties including TX.
May - July 2009 J & J Accounting Associates Inc., Fort Lee, NJ
Preparation of Corporation, Partnership, High net worth individual’s tax returns (Form 1120, 1120S, 1065, 1041 and 1040). Working extensively on Quick books for Financial statements, Accounting, Bank reconciliation. Preparing Sales tax and payroll tax returns for different clients, solving tax assessment and notices with IRS and State taxation departments.
April 2008 – Feb. 2009 Deloitte Tax LLP, Parsippany, NJ
Senior - Tax Management Advisory Services
Worked with the SUT compliance project team for a multi-billion client in Financial Information industry. Managed reconciling Tax Liability Analysis Report (TLAR) from Tax Partners to the GL for accurate SUT to be paid by client in different jurisdictions for compliance. Succeeded in giving inputs for use of location codes in SAP to identify correct SUT liability per jurisdiction from the FI-GL reports of SAP. Drafted a detailed analysis report of posting in the SUT GL liability account by different business units. This report helped the corporate tax department to understand the methodology of how all the business units were posting their GL entries in SAP either by use SAP-GL upload entry or by use of custom designed software interface program with SAP, with a back drop of SOX compliance.
Succeeded in helping corporate tax department for SUT reporting and compliance using Quantum Vertex Tax Returns (VTR) software package for a client in the food and processing industry. This involved importing SUT liability amounts from SAP-GL after Vertex Q series was implemented as a bolt-on software to calculate SUT tax.
Oct. 2002 – March 2008 Rajeev Kaul CPA P.C., New York
Responsible for Corporate, Individual, Partnership returns of various clients in different industries (Forms 1120, 1120S, 1065, 1040, 990, 5471, 4562, 1041’s). Filing tax returns for high net worth individuals.
Extensive handling - Commercial Audits, Collateral Audits, Review and Compilation of Financial Statements for different clients.
Carve out Financial Projections for clients, coordinating with Indian clients who have US operations and preparing their F/S based on US-GAAP. Preparing personal F/S. Estimating the present and deferred tax liability under FASB 109. Working knowledge of FIN 48.
Service Mark registration, helping clients with Line of Credit application and providing information for getting limits established.
Preparation of Quarterly Payroll, Sales Tax Returns and Notice of statutory bodies for various clients. Adept in formation of Corporation, LLC, Service company, Not-for-Profit, filing for DBA’s, amendment to the filing status and name change.
Applying for income tax exemption given to NFP organization to IRS by filing Form 1023.
March 2001 - September 2002 Novara Comp. Services, New York
Financial Consultant – SAP
SAP financial accounting (FI) application team member. Worked with coordination for management and with all the other SAP modules (SD/MM/CO). Designed and matched process flow based on the requirements of the SAP-FI module.
Extensively worked in the SAP FI-GL, A/R, and A/P functionalities. Analysis, blueprinting and configuration using implementation guide.
Designed and documented business processes including the development of business cases to
support implementation. Developed business applications using defined methodologies.
Developed custom FI reports and extensions. Involved in post implementation support and training. Involved in Programming using ABAP/4.
Performed analysis, design and test of new reports in ABAP. Provided application assistance to end user support services.
Experience - India:
Tata Technologies Ltd.: Deputy Manager – SAP FICO July 2000 – March 2001
D. C. Jain & Co.: Tax Consultant Oct.1999 – July 2000
Jindal Group: Junior Manager – Corp. Affairs/Finance Sep.1996 – April 1999
Apeego Limited: Junior Executive – Accounts & Finance April 1993 – April 1994
Boehringer Manheim India Ltd.: Industrial Trainee Dec. 1991 – Dec. 1992
USA: CPA with active licenses in state of CT, NJ and NY.
Completed MST program from Rutgers University in 2013.
Notary in New Jersey.
Bachelor’s (Major – Accounting and Finance), Certified Management Accountant, Attorney, Chartered Financial Analyst, Company Secretary.
Certified ERP consultant - SAP R/3 (FICO) - Release 4.0B.