Kazushi Kimura, CPA (U.S. citizen)

Cell: 858-***-****/ 207-***-****

www.linkedin.com/in/kazushi-kimura-2a545760

Work History

Tax Watch 04/2013 to present; Tax & Accounting Manager

Shibata International Accounting and CPAs in Japan

Upon returning to the U.S., started Tax Watch (Oakland, CA)

Public Accounting

Provides CPA services in the areas of U.S. GAAP, IFRS, U.S. taxation, audits (financial, operational and internal), finance, management consulting, financial analysis, business planning and so forth. I have been acting as managing partner for Tax Watch.

Create a business plan for Tax Watch, implement the plan, and manage the operations not only to satisfy clients’ needs and objectives but also generate internal satisfaction with the business performance.

Currently, I assist Mike Fontanello, CPA on a temporary contract basis remotely due to coronavirus. Fontanello, CPA teaches nonprofit accounting, financial audits, and taxes at UC Berkeley Extension, I have worked as his manager in handling nonprofit accounting, taxes and financial audits.

I have worked for one of the Big 4 CPA firm for six years. I was an audit manager. I have learned how to strategize and implement plans, financial, tax-wise, growth, and become more dynamic and vibrant business entities.

I have worked in real estate business, though as an auditor. I have audited Shuwa Real Estate Investment in Los Angeles for about four years, prepared financial statements, cooperate tax returns. I found the missing cash of about $1 million.

Around that time, there were many M&A as Japanese companies were buying US companies. I had to deal with real estate acquisition as well as equity acquisition.

I am a perfect bilingual in Japanese and English.

I have audited corporations for profit, mainly manufacturing companies, whose annual revenue ranges from $10 million to $100 million a year and also very large construction companies, such as Taisei Construction and Komatsu Seisakusho Co., LTD, which are public companies. Other corporate clients Fukuda Corporation in Tokyo, F&H USA, Takagi Industrial, and etc.

Time management of projects, budgeting, staff allocation and so forth.

Bookkeeping, QuickBooks, and Managing Multiple Clients at the same time, multiple task in a production driven environment

Computation of Gross Profit. Classification of various expense and computation of net profit.

I have been using PPC audit guide to stay current with audit standards. PPC issues update a few times a year.

Also, I read Journal of Accountancy to keep abreast with new developments, such as FAS 5.

I have audited their U.S. subsidiaries, such as Taisei Rotec, prepared their financial statements and corporate tax returns.

I compared pricing, cost of goods sold, gross revenue ratios for various industries to find the optimum figures, which helps increase revenues. Clients seemed appreciate our approach.

Help corporations in Japan register with the SEC in the U.S.

Also, I audited Komatsu Seisakusho, Ltd. for several years, issued audit report, prepared financial statements, helped prepare corporate income tax returns.

SEC-related work, such as filing SEC reports (10K, 10Q, 8k and etc. Please see below.)

U.S. and Japan Sox. Since we have to audit U.S. subsidiaries of parent companies, which are public companies in Japan, we have had to perform Sox audit as required. Ed

Work as an independent contractor CPA in the area of audit (external and internal – fraud prevention SAS 99 and detection, forensic accounting, and operational audit), financial accounting and taxes (work as tax manager during tax seasons), SEC reporting, technical accounting, business/financial management (budgeting, financial forecasting, cash and risk management, what if analysis, and etc.) for small corporations.

I have been staying on top of new FASB pronouncements, SEC reporting, IFRS reporting, and so forth. I routinely take seminars to stay current technically (US GAAP). I have been on top of recent years’ new accounting pronouncements, such as ASC 606, 842, 718, 810 and etc. Also, I try to stay current with the U.S. tax law.

I Have handled ASC 740/FIN 48 and multi-state income tax returns extensively.

I have been involved technical accounting research and implementation.

I have substantial experience in SALT.

I have worked for one of the Big 4 CPA firm for six years. I was an audit manager. I have learned how to strategize and implement plans, financial, tax-wise, growth, and become more vibrant business entities.

I have handled international tax matters since 1980s as I had to deal with multi-national corporations. Also, I have taken classes in international taxation.

I have dealt with Form 706, estate tax, though a majority of estates do not exceed the exemption amount.

I have prepared about 600 individual and corporate tax returns (C and S) and prepared financial statements. 400 individual and 200 corporate tax returns (C and S).

I handle compilation and review engagements.

Assist a group of CPAs in Japan with SEC regulations and reports (10-K, 10-Q, 8-K, 20-F and 6-K) and etc. Also, serialized articles on SEC reporting on Internet and we help the group of CPAs in Japan with their U.S. operations.

Assist converting U.S. GAAP based financial statements to IFRS based. Took classes in IFRS at Kansai University in Osaka, Japan. I was in a PhD program for international taxation, though I am taking a break for now as I am taking on-line classes in Information Technologies.

Supervised more than several good-sized manufacturing plant operations - - cost accounting - - whose annual revenue ranged from $25million to over $100 million.

I assist clients with construction and cost accounting. I have helped real estate investment companies with their accounting and tax matters.

Research into U.S. GAAP, IFRS, GASB, GAGAS, non-profit accounting, and advise on U.S. taxation (domestic and international), income tax preparation (corporation, LLC, partnership, individual and trust), LACERTE and CCH ProSystem and give advice on the implementation of ASC 606 and 842 and etc.

I regularly update myself on US GAAP, U.S. tax laws and other technical matters.

Researched R&D tax credit for clients.

I work with Shibata International CPAs in Japan to help companies register with the SEC and the OTC and also list their stocks on the NASDAQ and OTC stock markets. Assist in filing out SEC forms, such as Form S-1, F-1 and 20-F.

Technical accounting experience in stock-based compensation, cost accounting, special projects. On top of ASC 660, revenue recognition procedures, and ASC 842, new lease accounting.

04/2012 – 03/2013

Moved to Osaka, Japan to start a consulting business.

Osaka State Government, Osaka, Japan

Consultant (temporary contract)

Offered US tax classes to business owners who conduct a business in the U.S.

Reviewed local accounting standards and taxation to discuss these matters intelligently with CPAs in South-East Asian countries to zero in on items that differ greatly from Japanese GAAP and taxation.

Worked with the Chamber of Commerce in Osaka, Japan, which helped us in all aspects of

research.

01/1991 – 06/2011

K. Kimura & Co., CPAs (full-time) (San Gabriel, CA)

Managing Partner

Provided full CPA services:

(A)Tax

65 hours a week for tax work

Preparation of corporate income tax returns (regular C, S, and LLC); partnership; trust; estate Form 706; tax compliance (estimated tax, adherence with IRS and Regulations, sales/use/property tax, and business tax;

Took care of tax and accounting aspects of M&A; Section 382; SOX 404; and ASC 740 and FIN 48; in addition, researched into CFC taxes, the Tax Cut and Jobs of 2017 and its effects, R&D tax credits, and etc.;

I have handled extensively ASC 740 and multi-state income tax returns.

High net individual tax saving strategies; multi-state income tax returns.

Business valuation - - to determine the fair market value of the business (CVA license);

Adjustment from book to tax;

Tax saving strategies for corporations (international and domestic);transfer pricing evaluation, comparison of various methods, and etc.

Tax software - - LACERTE, tax research software IntelliConnect.

I have dealt with state and local taxes, such as sales tax, use tax, business tax, property tax and so forth.

ASC 740 and FIN 48.

Management of business entities, such as a business plan, supervision of accounting departments, analysis of business performance, updating internal control systems, HR policies and so forth.

Partnership - - Schedule K-1, K-2, and K-3, and equity allocation and Form 1065.

(B) Accounting/Finance

Review and compilation;

Assisted corporate clients with finance maters; negotiated with banks regarding loans,

Accounting/Financial statements; forensic accounting; US GAAP research; IFRS research; international business/accounting/taxation; governmental accounting & reporting as required (GASB); I can handle fund accounting, government-wide financial statements and etc.; treasury accounting and reconciliation;

Cost accounting - - COGS, inventory, (taking physical inventory), standard costing, job costing, process costing, FIFO, LIFO, weighted Average, and so forth. I worked as Controller/CFO for some of our manufacturing corporate clients, whose annual revenue ranged from $10 million to $20 million to $100 million;

I have handled technical accounting, involving, for instance, ASC 606, 842, investments, derivatives and M&A. and written reports on them. Also managed monthly and year-end adjusting entries; budget vs. actual; investigation of variance; utilization financial ratios to highlight profitability of each department computed based on valid analyses;

Wrote reports to department heads on improvements and causes of poor performance; Internal control systems (reporting and operations) ; financial ratio analysis of income and expense as compared to prior years; lease analysis ASC 840-842; revenue recognition for software SOP No. 97-2, ASC 985 cost of software; revenue recognition ASC 605, 606 for contracts with customers; goodwill and other assets and deferred costs ASC 350-40; consolidation; FAS 123R (ASC 718 - stock-based compensation); accounting for investments; accounting for derivatives and hedging; IFRS; ASC 740 (FAS 109); non-profit accounting.

I have worked as an interim controller for a not-for-profit organization. General ledger; cost/inventory accounting - - Standard costing, job costing and process costing; variance analysis, and cost/price analysis; and ERP (NetSuite) experience: we introduced NetSuite for a corporate client, which is engaged in manufacturing, retail, E-commerce and repair service;

Revenue recognition and M&A due diligence and accounting (consolidation) – I have dealt with M&A from negotiation of price to due diligence, acquisition accounting, and consolidation and to integration;

ASC 740;

Accounting Research (U.S. GAAP, GASB, IFRS, SEC Rules and Regulations);

Worked as a controller/CFO for several manufacturing corporate clients, whose annual revenue ranged from $15 million to $25 million on the average. Supervised accounting departments, some of which have up to 15 employees and trained them. Helped with budgeting, forecasting of cash flows and outflows, financing, business plans, human resources matters and so forth.

(C) Audit

Risk management as defined in ISO 31000, including fraud prevention and detection. Also, Losses attributable to operational risk are a significant factor in Comprehensive Capital Analysis and Review (CCAR) loss projections for many banks. The CCAR process has matured, with regulators and financial institutions learning from each other in an ongoing and reinforcing cycle. Initially, the greater focus was on credit and market risk. But now the significant regulatory focus has shifted to operational risk;

An emerging regulatory focus—in line with sound day-to-day risk management—is to ensure that the CCAR loss estimation framework will be firmly grounded on the institution’s regular operational risk management process. In other words, the CCAR estimation can’t be a discrete process divorced from the institution’s operational control, monitoring, and mitigation functions. This is a key consideration as institutions design and evolves their CCAR operational loss framework to be more efficient, streamlined, and cost-efficient;

1.I have read up on Comprehensive Capital Analysis and Review (CCAR) 2011 and FR-Y-14Q, objective of which is to collect data on bank holding companies’ (BHC) and intermediate holding companies’ various asset classes, capital components, and categories of pre-provision net revenue (PPNR) on a quarterly basis. As a result, I have a good understanding of these matters;

2.I have audited banks and savings and loans (mortgage companies) in Southern California for five years and dealt with banking regulations and other bank-related mattes while I was with Ernst & Young;

3.Studied: AICPA Audit and accounting guide: Depository and lending institutions: Banks and savings institutions, credit unions, finance companies and mortgage companies; Depository and lending institutions: Banks and savings institutions, credit unions, finance companies and mortgage companies; Certain Financial Institutions and Entities That Lend to or Finance the others;

4.Internal audit experience: While I was with Ernst Young and while I was on my own as a CPA, I audited banks and savings and loans, manufacturing companies and other types of businesses. I worked as an external auditor as well as internal auditor. I performed audit of operations to test the effectiveness and efficiency of operational systems. My objectives while working as an Internal Auditor were as follows:

a)Effectiveness and efficiency of operations

b)Reliability of financial and management reporting

c)Compliance with laws and regulations

d)Safeguarding of Assets, including fraud detection and prevention

Assisted in filing SEC reporting for parent companies of our US subsidiary clients. Dealt with 20-F and 6-K for a foreign private issuer, such as Wacoal Corp. While I was Audit Manager, I assisted with preparing SEC reporting, such as Form 10-K, 10-Q, and 8-K. In addition, I serialize articles on SEC reporting on the Internet magazine called Tax Watch (www.taxwatchtheworld.com) as part of my consulting services on SEC reporting (Form 10-K, 10-Q, 8-K) for professionals in Japan.

01/1985 – 07/1990

Ernst & Young (audit manager- full-time) Los Angeles, CA

65 hours a week

Audited public and non-public companies, including large real investment company, construction company, such as Taisei Construction highly regarded public company, banks, savings and loans (I have dealt with Comprehensive Capital Analysis and Review, FR Y-14A, FR Y-14Q, and FR Y-14M), a city government, non-profit organizations, and etc.

I have audited internal control systems for their effectiveness.

I have audited a local government.

Prepared audit programs, reviewed audit staffs’ work papers and trained them.

Assisted our public company clients with filing SEC reports, such as Form 10-K, 10-Q, and 8-K. (Sumitomo Corp, Komatsu Ltd, and Sekisui House, Ltd).

Education:

Master of Science in U.S. taxation – Washington Institute for Graduate Studies (05/2027 – 05/2009)

Bachelor of Science/equivalent in accounting – California State University, Hayward O(01/1980 – 01/1983)

Bachelor of Science – Information Technology, Grand Canyon University, Phoenix, AZ in progress (06/2021 – 05/2022)

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