Tax Director

Clayton Powell, CPA

***** ******* **. *******, ** 77433

281-***-**** **********@*****.***

Accomplished CPA with over ten years of experience, including consulting experience within a Big Four accounting firm and over five years of industry experience directing all tax functions of a publicly traded investment management company.

WORK EXPERIENCE:

Main Street Capital Corporation, Houston, Texas

Tax Director October 2015 – Present

Manages all partnership and corporate tax functions for a $2.5 billion company, consisting primarily of middle market and lower middle market debt and equity investments

Responsible for the analysis and management of the company’s overall quarterly and annual U.S. GAAP tax accounting, in accordance with ASC 740

Works closely with the Accounting department to ensure timely and accurate SEC financial reporting

Supervises, reviews, and authorizes quarterly and annual tax compliance prepared by third party tax service provider

Oversee and manage compliance and documentation of the qualifications, under IRC Subchapter M, necessary to maintain tax status of the regulated investment company, including income, asset, and distribution requirements and Form 1099 reporting to shareholders

Collaborates with deal teams and management, providing advice on all tax matters arising from investment opportunities, including structuring tax-efficient acquisitions and dispositions, corporate reorganizations, restructuring, and debt workouts

Performs tax due diligence, including federal and state income tax, franchise/gross receipts tax, sales & use tax, payroll tax, and property tax, on potential equity investments

Comprehensive experience providing tax consulting advice to partnership and C-corporate portfolio companies

Diligently follows current and constantly changing legislation to proactively communicate and implement planning strategies for Main Street and its 100+ portfolio companies

Coordinates with portfolio companies’ accounting firms to ensure timeliness and accuracy of deliverables, including confirming the partnership income allocations properly reflect the economics of the investment

Lead tax trainings to facilitate knowledge transfer to tax staff and investment team members

Oversees tax staff and actively guides technical skill growth and career development

Engages regularly with General Counsel, CFO, CEO, and Executive Chairman on various tax matters and planning opportunities

Assisted Executive Chairman in preparation of analysis to be scored by the JCT to advocate for the Sec. 199A deduction for the BDC industry

Deloitte Tax, LLP, Houston, Texas

Tax Manager, Business Tax Services July 2010 – September 2015

Responsible for managing tax compliance engagements for C-Corporations, S-Corporations, and partnerships, including preparation of tax returns, quarterly estimated payments, and reporting to various stakeholders, while maintaining appropriate coordination between client and Deloitte teams

Served in an audit capacity through the review and management of accounting for income taxes for C-Corporations

Managed clients in various industries with an emphasis in oil & gas, power and utilities, and financial institutions

Assisted clients in maximizing tax savings through use of optimal organizational structures

Researched complex tax transactions, including debt-to-equity conversions, preferred-to-common equity conversions, and prepared related memorandums

Specialized in partnership taxation, including structuring acquisitions, analyzing partnership agreements and allocations

EDUCATION:

Texas A&M University, College Station, Texas

Master of Science in Finance May 2010

Bachelor of Business Administration in Accounting

PROFESSIONAL SKILLS:

Strong verbal and written communication skills with the ability to articulate complex information and tax laws to tax and non-tax professionals

Ability to prioritize multiple tasks in a team environment and effectively meet deadlines

Project management and critical thinking skills

Strong technical background with partnerships

Experience in structuring M&A transactions and conducting tax due diligence

Advanced tax technical and research background

Deep understanding of ASC 740

Strong attention to detail

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