Continuing Education Courses


Clients should insist that their CPA is up to date with the tax law. In California, all CPA’s are required to take continuing education courses. “In California, a CPA licensee is required, as a condition of active license status renewal, to complete “qualified” continuing education (CE) courses in the two-year period immediately preceding each license renewal.”


Even though the CE courses are not comparable to the courses taken in a Masters of Taxation degree or Graduate Certificate Degree in International Taxation, they do serve the purpose of keeping your skills up to date. In order to receive a CA CPA CE certificate from any of these courses you must take and pass a comprehensive exam at the end of each course. Following is a sample list of 35 CE courses taken by the Managing Director at Tax Client Services over the past few years.


California CPA Continuing Education Courses


(35) Transfer Pricing Fundamentals – This course seeks to provide an introduction to the United States’ current practice of international transfer pricing, as well as some understanding of the conceptual basis of the current system. Specific goals of the course are to assist professionals in gaining a general perspective on the U.S. system and to provide practitioners a sufficient level of understanding of the area and practices to provide a platform for the development of further interest in the area.


(34) Ethics for California CPAs –This course is designed to meet the biennial ethics requirement for California CPAs renewing their licenses. The course covers the areas of independence, integrity, objectivity, general standards, adherence to GAAP, and acts discreditable. In addition to meeting the Board of Accountancy requirements, this course is designed to provide the CPA with a guide for identifying, evaluating and dealing with ethical dilemmas as well as giving guidance on the laws, rules and regulations that govern the CPA profession and the practical application of these rules in the daily operation of their businesses. This course includes video clips to demonstrate role playing, explain complex topics or showcase experts. Graphics are animated to show processes and questions are embedded throughout the course in addition to questions at the end of each chapter and final exam.


(33) Social Media: Marketing Your Business –This course provides an overview of the use of social media to market your business. It provides a detailed explanation of the key elements of the big three social networking sites and how they can be used to further your business and marketing interests.


(32) Valuation Methods: Statement on Standards for Valuation Services No. 1 – This course reviews and explains: identification standards, methods, and characteristics of business valuations; business valuation models and approaches defined in SSVS No. 1; the types of engagements and conditions that must comply with SSVS No. 1; how to determine the data and analysis needed for a business valuation under SSVS No. 1; valuation approaches, adjustments, and subsequent events; reviews valuation or calculation engagement documentation requirements; identifies required items to include in a valuation or calculation report, discloses assumptions and limiting conditions in these reports; reviews Interpretation No. 1-01 and the scope of SSVS No. 1; determines when SSVS No. 1 applies; reviews and analyzes the importance of IRS and Court rulings. This statement became effective on January 1, 2008, and provides standards that must be followed by all CPAs involved in business valuation engagements.


(31) Valuation Methods: The Normalization of Earnings – An important step in the business valuation process is the normalization of earnings. Many companies subject to business valuations are smaller, closely held companies. It is not unusual for such organizations to treat various financial items differently than the publicly held companies chosen as comparables. Thus, earnings often need to be normalized in order to make an effective comparison. Even when market or income business-valuation approaches are used, normalization adjustments are frequently needed for the financial statements of closely held companies. This course provides the tax professional with an overview of this process. Required adjustments are addressed in detail.


(30) Valuation Methods: The Adjusted Net Assets Method – This course provides the tax professional with an overview of the asset-based approaches to business valuation and explains the differences in GAAP basis; how to determine the definitions of value and the factors to consider under IRS Revenue Rulings when establishing the value of a business; and demonstrates when the adjusted net assets method should be used to value a business and how to value certain assets under this method, and identify other asset-based approaches. Also included is when to apply the steps necessary when using the adjusted net assets valuation method, illustrating necessary adjustments when using the adjusted net assets method, and discusses the pros and cons of the adjusted net assets valuation method and court opinions on valuation methods.


(29) Valuation Methods: The Income Approach – This course provides the tax professional with an overview of the use of income approach methods to value closely held businesses. It looks at the foundation for these methods in Revenue Ruling 59-60 and subsequent Revenue Rulings. Two methods in particular, the capitalization of earnings method and the discounted earnings method, are explored, as are the pros and cons of the income approach itself. After completion of this course you will be able to recognize the theory behind the income approach valuation methods of business valuation; identify the importance of Revenue Ruling 59-60 and subsequent rulings for income approach valuation methods for business valuation, and identify the capitalization of earnings and the discounted earnings methods for business valuations, and finally to recognize the strengths and weaknesses of using the income approach. You will identify an appropriate benefit stream and develop normalized earnings, calculate projected future earnings as used, and recognize the steps in the capitalization of earnings and discounted earnings methods to business valuation.


(28) Valuation Methods: The Excess Earnings (Treasury) Method – This course discusses the excess earnings (Treasury) method which is one of the frequently used and often misunderstood methods available for valuing a closely held business. It provides the professional with the basics including Revenue Ruling 68-609 guidelines published by the IRS. The Treasury method combines an asset-based method with an income-based method. Normal income is determined as a percentage of net tangible assets of the company. Any income in recent years above this amount is considered excess income created by intangible assets. This method calculates a monetary value for goodwill.


(27) Tax Research: RIA Checkpoint – This course analyzes the various tax research techniques used by tax professionals This advanced course provides an additional guide to tax research skills.


(26) Tax Research Tax Law and Treasury Interpretations This course provides additional skills in the area of tax research. It will reacquaint you with the IRC and Treasury Department regulations as well as interpretations, rulings, and procedures issued by the IRS. This course will teach you how to research tax issues and answer tax questions by consulting these tax materials.


(25) Corporate Tax Update This course covers the latest in tax legislation, regulations, and rules as they affect corporations. The course provides an overview of various corporate income tax issues including the impact of the most recent legislation. Corporate topics include accounting periods and methods, gross income, allowable deductions, ordinary and necessary expenses, depreciation, business tax credits, etc. This course is comprehensive with authoritative references, examples, rules, limitations and exceptions.


(24) Tax Research Case Analysis – This course broadens your creative approach to tax issues and develops on your knowledge and skills. Each section has a taxpayer scenario that presents a few facts and requests your opinion or recommendation on the handling of a particular tax matter; you examine the relationship of the law, interpretations, and cases to the taxpayer scenario. This provides additional techniques in the area of tax research. It continues the discussion of Treasury Department regulations, interpretations, rulings, procedures, etc. This course continues to improve your research skills and issue identification.


(23) S Corporations – This course reviews the salient features of an S corporation. It discusses the rules around S corporation elections, revenue income from passive sources, identification of allowable taxable years, and explains the tax treatment, etc.


(22) Tax Research II: Court Interpretations and Citator – This course further hones your tax research skills, discusses judicial interpretations and citations from various U.S. courts, and provides an in-depth discussion of the Citator research tool.


(21) Entity Comparisons – This course discusses the various types of entities available for conducting business, including LLCs, LLPs, Corporations, Partnerships, S Corps, etc. Many issues are discussed including organizational considerations, repatriation analysis, how to select the an appropriate entity to meet your needs, etc. This course also explores the tax treatment, problems and planning techniques of formation and operation of each entity forms, including eligibility, election, revocation, termination, accounting rules, etc.


(20) Corporate Tax – This is a review course on corporate taxation. The focus is on C corporations, formation issues, and operation under tax law. The advantages and disadvantage of corporations are discussed; incorporation and capitalization issues are reviewed; and specialty taxes are reviewed. The tax treatment of operational expenses and deductions are outlined; and accounting periods and methods are again explored. Finally, the dangers of multiple corporations and corporate distributions are highlighted.


(19) Limited Liability Companies – This course is a full, but concise explanation of the history, structure, application, and special advantages of an increasingly common, but important business form: the limited liability entity. This course will provide instruction on when to use a Limited Liability Company (LLC), and how best to make use of the special tax and non-tax advantages these entities offer.


(18) Forms 1120 and 1120S – This course reviews in detail many of the rules and issues when preparing / reviewing Form 1120 or 1120S.


(17) Analysis of the Corporate Annual Report – This course focuses on an analysis of the corporate annual report. It help you interpret and understand its components, including the financial statements, footnotes, review of operations, auditor’s report, supplementary schedules, management discussion and analysis (MD&A), and Management’s Report On Internal Control Over Financial Reporting. It touches upon how the Sarbanes-Oxley 404 reporting differs from traditional reporting. The course also teaches you how to perform financial ratio and cash flow analysis.


(16) Alternative Minimum Tax – This course discusses the alternative minimum tax (AMT) for individuals and corporations. This includes issues concerning tax rates, required computation steps, and the exemption amount. This course also discusses adjustments, including issues concerning tax-preference and adjustment items. Also covered are the exemption phaseout as well as the AMT credit.


(15) Individual Income Tax: Update on Itemized Deductions – This course is designed to provide an update of an understanding of itemized deductions and discusses the different categories of, and limitations on, itemized deductions. Medical and dental expense, taxes, interest, charitable donations, casualty and theft losses, and other miscellaneous deductions are discussed in detail.


(14) Tax Practice and Procedure – Tax Resolution and Solving IRS issues: – This course examines what the practitioner needs in order to have a thorough, up-to-date understanding of the complex rules involved in the tax practice and procedure area. This is particularly true due to the numerous changes which have occurred in recent years as Congress has expanded the rights of taxpayers. This course first provides an detailed update of the standards involved in tax practice, including the duties and restrictions on the practice itself. The procedural rules and requirements regarding IRS audits, the assessment of tax, IRS administrative appeals, and the IRS’s collection procedures are discussed in great detail. Expanded taxpayer rights in all of these areas are emphasized. This course provides a detailed review of the IRS structure, the IRS operating divisions, the IRS Oversight Board, and the National Taxpayer Advocate. It enhances your understanding of the IRS audit process, the conduct of an IRS examination, and the IRS collection process. It expands your audit support skills by analyzing the Appeals division requirements to prepare a protest of audit findings leading to a closing agreement and a settlement of the audit with a reduction in the tax deficiency findings. In addition to the compliance audit, the IRS process of criminal fraud investigation is discussed, including a detailed analysis of the statute of limitations.


(13) Understanding and Preparing an Offer in Compromise – The course will enable you to: have an understanding of what the Internal Revenue Service Offer in Compromise is, and what it is not; identify what taxes may or may not be abated under this program; know what forms are required to be filed as part of the Offer in Compromise and what fees need to accompany the Offer; gather the information you need to prepare an Offer in Compromise; protect yourself as the preparer of some of the required forms and stay out of any penalty situations; understand when the IRS will consider an Offer; be aware of payment options that are available with an accepted Offer in Compromise; and to determine how the IRS reviews and verifies the submitted forms and accompanying information.


(12) Advising and Consulting to the Small Business – This course discusses the concepts of providing small business advice and consulting. In includes the distinction between giving small business advice, consultations and engagements. Also included is methods for identifying the small business consulting services that a practitioner would provide to clients, effective principles and techniques for developing and conducting small business consulting engagements and the pros and cons of working with closely held and/or family businesses in a small business consulting engagement. The final discussion includes a case study that includes tools and techniques for successfully conducting a small business consulting engagement.


(11) Corporate Taxation – This is a review course on corporate taxation. The focus is on regular or C corporations, formation issues, and operation under tax law. The advantages and disadvantage of corporations are discussed; incorporation and capitalization issues and specialty taxes are reviewed. The tax treatment of operational expenses and deductions are outlined; and accounting periods and methods are again explored. Finally, the dangers of multiple corporations and corporate distributions are highlighted.


(10) Accounting for Share-Based Compensation (SFAS 123R) – This course reviews Share-based compensation issues. Coverage includes employee share purchase plans, tax consequences of equity instruments, accounting for fixed share options, describing fair value accounting and option-pricing models, learning measurement and recognition of compensation cost, summarize settlements of awards and tax issues, and describe EPS implications and required disclosures, etc.


(9) Ethics and Professional Conduct: CA Biennial General Ethics – This course is designed to meet the biennial ethics requirement for California CPAs renewing their licenses. The course covers the areas of independence, integrity, objectivity, general standards, adherence to GAAP, and acts discreditable. In addition to meeting the Board of Accountancy requirements, this course is designed to provide the CPA with a guide for identifying, evaluating and dealing with ethical dilemmas as well as giving guidance on the laws, rules and regulations that govern the CPA profession and the practical application of these rules in the daily operation of their businesses.


(8) California Rules and Regulations This course is designed to meet the Regulatory Review requirement, which must be completed every six years, for California CPAs renewing their licenses. The course covers a review of the current California Accountancy Act, a review of the current California Board of Accountancy Regulations, a discussion on how the specified articles relate to the practice of public accountancy in California, and a review of historic and recent disciplinary actions taken by the Board. In addition to meeting the Board of Accountancy requirements, this course is designed to provide the CPA with a guide for identifying, evaluating, and dealing with ethical dilemmas.


(7) Asset Protection – Tax and Financial Aspects This informative course covers traditional planning tools and their utilization to protect assets. The Uniform Fraudulent Conveyance Act, the Bankruptcy Code and various aspects of the tax law are highlighted in describing asset protection aspects of corporations, partnerships, limited liability companies, family partnerships, trusts, retirement plans, insurance products and other conventional tools. Special topics include: protection against lawsuits, costs of long-term illness, divorce settlements, foreign asset protection trusts, statutory protections, homestead provisions, exempt assets, cancellation of indebtedness taxation and marital agreements.


(6) Representing Taxpayers Before the IRS – This course describes, in a detailed discussion, the IRS structure, the significant reorganization of the IRS promulgated by the Reform Act of 1998, the IRS operating divisions, the IRS Oversight Board, and the National Taxpayer Advocate. This course enhances your understanding of the IRS audit process, the conduct of an IRS examination, and the IRS collection process. It expands your client audit support skills by analyzing the Appeals division to prepare a protest of audit findings leading to a closing agreement and a settlement of the audit with a reduction in the tax deficiency findings. In addition to the compliance audit, the process of criminal fraud investigation by the IRS is discussed, including a detailed analysis of the statute of limitations.


(5) Accounting for Uncertainty in Income Taxes FASB ASC: 740-10 – This course will help you review financial statements that comply with FASB ASC 740-10 (formerly FIN 48) and the Financial Accounting Standards Board’s Interpretation of Statement No. 109, Accounting for Income Taxes. In addition to the FASB interpretation, this course reviews what the AICPA and IRS published as guidance to help businesses obtain proper implementation.


(4) Tax Research: Tax Law and Treasury Interpretations – This course provides an update to the area of tax research. It discusses the Internal Revenue Code, Treasury Department regulations, interpretations, rulings, and procedures issued by the Internal Revenue Service. It reviews techniques used to improve research tax skills, and issue identification, etc.


(4) Accounting for Income Taxes (FASB 109) – This course offers a comprehensive examination of the various underlying concepts upon which SFAS 109 is built. Topics covered in depth include temporary and permanent differences, measurement of deferred tax assets and liabilities, computation of current and deferred income tax expense or benefit, balance sheet classification, income statement presentation, tax-planning strategies, and required disclosures.


(3) Tax Research: Tax Law and Treasury Interpretations – This course provides an update to the area of tax research. It discusses the Internal Revenue Code, Treasury Department regulations, interpretations, rulings, and procedures issued by the Internal Revenue Service. It reviews techniques used to improve research tax skills, and issue identification, etc.


(2) Hiring Independent Contractors – This is designed to help practitioners understand the risks and benefits of using independent contractors in lieu of employees. The course addresses the legal risks associated with an incorrect classification as well as the role of the IRS in classifying workers. The course explains the role of the states, with specific emphasis on unemployment insurance and worker’s compensation coverage.provides an update to the area of tax research.


(1) FIN 48 – Accounting for Uncertain Tax Positions This course is an update for preparing financial statements that comply with FASB ASC 740-10. In addition to the FASB interpretation, this course reviews what the AICPA and IRS published as guidance to help businesses obtain proper implementation. This course includes hypothetical examples of tax positions that a business entity may establish.


The purpose of this page is to provide you with additional assurance that your accounting and tax needs are being taken care of by a qualified tax professional who continues to take advanced education courses above the required California CPA CE requirements.

Blake Christian


“James hired our firm to evaluate UCB’s California Enterprise Zone Credits. James proved to be a highly technical, high quality, tax executive and was very helpful in managing a complex, multi-year, project. With James assistance, we were able to jointly identify over $6M of supplemental tax savings for his bank.”
Tax Partner, HCVT LLP

2014-05-14T11:57:59+00:00
“James hired our firm to evaluate UCB’s California Enterprise Zone Credits. James proved to be a highly technical, high quality, tax executive and was very helpful in managing a complex, multi-year, project. With James assistance, we were able to jointly identify over $6M of supplemental tax savings for his bank.” Tax Partner, HCVT LLP

Silina Dudkina

I have great respect for James and his firm Tax Client Services. He is personable, trustworthy and frankly brilliant in his field. His tax and accounting experience, knowledge and ethical character are of the highest standards. He has the ability to focus on key tax issues that make a difference that is rarely seen these days. Its hard to find a CPA who is highly competent, who you can trust, and one that will not over-charge you! His many strengths include how determined and focused he is in taking care of his clients tax and accounting problems. James is a polished and experienced tax professional, one whom you can count on to go the extra mile and who will do everything possible to ensure his clients pay the absolute minimal amount of taxes possible. I highly recommend this tax professional!

Studying to be a Nurse

2014-05-14T12:09:40+00:00
I have great respect for James and his firm Tax Client Services. He is personable, trustworthy and frankly brilliant in his field. His tax and accounting experience, knowledge and ethical character are of the highest standards. He has the ability to focus on key tax issues that make a difference that is rarely seen these days. Its hard to find a CPA who is highly competent, who you can trust, and one that will not over-charge you! His many strengths include how determined and focused he is in taking care of his clients tax and accounting problems. James is a polished and experienced tax professional, one whom you can count on to go the extra mile and who will do everything possible to ensure his clients pay the absolute minimal amount of taxes possible. I highly recommend this tax professional! Studying to be a Nurse

Dirk Wierema


“As the Corporate Controller at Ampro Computers, I hired James to prepare and update four years of amended corporate Federal and State tax returns. While on this project James expertise in Federal and State taxes helped to defer a significant tax liability for our company. James was very easy to work with and took the time to explain complex tax regulations in a way that was easy to understand. I would highly recommend James.”

Controller – Zetta, Inc.

2014-05-14T12:15:06+00:00
“As the Corporate Controller at Ampro Computers, I hired James to prepare and update four years of amended corporate Federal and State tax returns. While on this project James expertise in Federal and State taxes helped to defer a significant tax liability for our company. James was very easy to work with and took the time to explain complex tax regulations in a way that was easy to understand. I would highly recommend James.” Controller – Zetta, Inc.

Wesley Wakeford


“James Duffy has advised me on several tax matters. I give him my highest recommendation for his knowledge of tax law, for having the highest integrity and also for being a true gentleman. James is a very sharp intellectual and is also a very creative professional. If you need tax help, you will not go wrong with James Duffy.”

Attorney

2014-05-14T12:07:08+00:00
“James Duffy has advised me on several tax matters. I give him my highest recommendation for his knowledge of tax law, for having the highest integrity and also for being a true gentleman. James is a very sharp intellectual and is also a very creative professional. If you need tax help, you will not go wrong with James Duffy.” Attorney

Pat Powers


“James identified a difficult and complex tax issue that required resolution. This particular issue was unusual and potentially quite troublesome. James supervised analysis and resolution of this issue in a very professional manner. His handling of the issue demonstrated a very good grasp of highly complex legal issues balanced by sound and mature judgment.”

Tax Partner at Baker & McKenzie

2014-05-14T12:05:55+00:00
“James identified a difficult and complex tax issue that required resolution. This particular issue was unusual and potentially quite troublesome. James supervised analysis and resolution of this issue in a very professional manner. His handling of the issue demonstrated a very good grasp of highly complex legal issues balanced by sound and mature judgment.” Tax Partner at Baker & McKenzie

Mona Sheung


“James is a very hard working and diligent, someone I respect and trust!"

ControllerClient Service Manager at FIOH Global Asset Management and Strategies, LLC

2014-05-14T12:21:25+00:00
“James is a very hard working and diligent, someone I respect and trust!" ControllerClient Service Manager at FIOH Global Asset Management and Strategies, LLC

Mike Ford


“I’ve known James Duffy for over thirty years and rely on him for rock solid tax and accounting advice and the very latest in clever AND LEGITIMATE solutions to complex situations. I am very comfortable referring him to my associates and friends and know they will receive the same high standard of care he delivers to his national clients, and to me. He never fails to go the extra mile and has always been a proactive part of every situation I have dragged him into. While many consultants see clients as mere engagements his style is much more comprehensive and it’s not unusual at all to get an email from him at an odd hour treating the topic we’ve been kicking around. I am confident that he is the best of the best.”

Real Estate Professional

2014-05-16T05:01:37+00:00
“I’ve known James Duffy for over thirty years and rely on him for rock solid tax and accounting advice and the very latest in clever AND LEGITIMATE solutions to complex situations. I am very comfortable referring him to my associates and friends and know they will receive the same high standard of care he delivers to his national clients, and to me. He never fails to go the extra mile and has always been a proactive part of every situation I have dragged him into. While many consultants see clients as mere engagements his style is much more comprehensive and it’s not unusual at all to get an email from him at an odd hour treating the topic we’ve been kicking around. I am confident that he is the best of the best.” Real Estate Professional

Raffaele Mari


“James is a seasoned tax professional who has excellent technical and communication skills. He is a quick study and focuses on providing value-added services. He is a team player who is willing to do whatever it takes to deliver results in a cost-effective manner. I have enjoyed the opportunity to work with James and am confident that anyone would be very satisfied with his work.”

Managing Director, Global Wealth Management

2014-05-14T12:12:00+00:00
“James is a seasoned tax professional who has excellent technical and communication skills. He is a quick study and focuses on providing value-added services. He is a team player who is willing to do whatever it takes to deliver results in a cost-effective manner. I have enjoyed the opportunity to work with James and am confident that anyone would be very satisfied with his work.” Managing Director, Global Wealth Management

Irina Butorina



“James has been helping me with my taxes since 2010 and I am happy about how effective his solutions are and most important – I am very happy with the money he saves for me. His ability to focus on taxes like nobody I have ever seen is actually amazing. He asks a lot of questions always looking for ways to lower my taxes. Don’t be surprised to get detailed emails discussing your issues without any charge on his part at odd hours of the day or night. He cares about his work and I have been always amazed at how he comes up with tax ideas that really work and are legal which is a very important thing for me. He is friendly and fast thinking and returns your phone call promptly, is easy to reach, and will make sure you pay the least amount of taxes possible. He is a God sent tax geek and I would highly recommend James to anyone of my friends.”
Doctor of Medicine

2014-05-14T12:16:15+00:00
“James has been helping me with my taxes since 2010 and I am happy about how effective his solutions are and most important – I am very happy with the money he saves for me. His ability to focus on taxes like nobody I have ever seen is actually amazing. He asks a lot of questions always looking for ways to lower my taxes. Don’t be surprised to get detailed emails discussing your issues without any charge on his part at odd hours of the day or night. He cares about his work and I have been always amazed at how he comes up with tax ideas that really work and are legal which is a very important thing for me. He is friendly and fast thinking and returns your phone call promptly, is easy to reach, and will make sure you pay the least amount of taxes possible. He is a God sent tax geek and I would highly recommend James to anyone of my friends.” Doctor of Medicine

Benny Lee


“A person’s expertise can be differentiated in terms of the following classes: Novice, Beginner, Intermediate, Expert, and World-Class Guru.
My observation of Jim’s practice and understanding of all tax intricacies both from corporate and individual would place him in the class of a World-Class Guru.”

Vice President, Information Technology – East West Bank

2014-05-14T12:01:56+00:00
“A person’s expertise can be differentiated in terms of the following classes: Novice, Beginner, Intermediate, Expert, and World-Class Guru. My observation of Jim’s practice and understanding of all tax intricacies both from corporate and individual would place him in the class of a World-Class Guru.” Vice President, Information Technology – East West Bank

Howard Chen


“Jim has strong technical skills in the tax field. He is very independent and hard working. Jim gets the job done!”

VP, Corporate Development and Strategy at Bank of the West

2014-05-14T12:14:08+00:00
“Jim has strong technical skills in the tax field. He is very independent and hard working. Jim gets the job done!” VP, Corporate Development and Strategy at Bank of the West

George Baker


“James was hired because of his outstanding tax expertise. He worked on tax issues related to financial statement documents backing the bank’s submission of its 10-K, 10-Q and other SEC submissions. He was responsible for tax compliance and filings for a $6 Billion market cap company. His knowledge of the tax law led to substantial savings for the bank. One example was the bank’s foreign earnings repatriation strategy–$8 million in federal taxes were saved as well as some $2 million in state taxes. James is a master at sorting through details on tax issues and used this to reach correct tax applications to the benefit of the bank.”

Senior Vice President at Zions Bank

2014-05-14T12:04:36+00:00
“James was hired because of his outstanding tax expertise. He worked on tax issues related to financial statement documents backing the bank’s submission of its 10-K, 10-Q and other SEC submissions. He was responsible for tax compliance and filings for a $6 Billion market cap company. His knowledge of the tax law led to substantial savings for the bank. One example was the bank’s foreign earnings repatriation strategy–$8 million in federal taxes were saved as well as some $2 million in state taxes. James is a master at sorting through details on tax issues and used this to reach correct tax applications to the benefit of the bank.” Senior Vice President at Zions Bank

Juan Carlos Villalobos


“I contacted James Duffy at Tax Client Services to have him prepare the financial statements and tax returns for Aapex Financial Solutions, LLC. He did a great job preparing my friend’s tax return, significantly reducing their tax liability. They were impressed on how detailed he was as he looked at all of the tax planning techniques allowed under the tax law. My friends liked that he looks at your prior year tax returns to determine if there are any missed tax deductions without any up-front charge. He then found a lot of tax savings! With that background I had no issues asking for his assistance on this project. He helped me on issues with the California Residential Mortgage division, the US department of HUD, reviewed my prior year financial statements and tax returns, etc. He identified important issues in the prior and current year tax returns. It is a given that I will continue with his services. He is a very accomplished professional and a pleasure to work with. I highly recommend Tax Client Services!”

President at Aapex Financial Solutions, LLC

2014-05-14T12:10:46+00:00
“I contacted James Duffy at Tax Client Services to have him prepare the financial statements and tax returns for Aapex Financial Solutions, LLC. He did a great job preparing my friend’s tax return, significantly reducing their tax liability. They were impressed on how detailed he was as he looked at all of the tax planning techniques allowed under the tax law. My friends liked that he looks at your prior year tax returns to determine if there are any missed tax deductions without any up-front charge. He then found a lot of tax savings! With that background I had no issues asking for his assistance on this project. He helped me on issues with the California Residential Mortgage division, the US department of HUD, reviewed my prior year financial statements and tax returns, etc. He identified important issues in the prior and current year tax returns. It is a given that I will continue with his services. He is a very accomplished professional and a pleasure to work with. I highly recommend Tax Client Services!” President at Aapex Financial Solutions, LLC

Why TCS?

Tax Client Services (TCS) is dedicated to helping you with all of your tax and accounting needs, including maximizing your after-tax cash flow by minimizing your tax liability.

Experience

James was born in Seattle, Washington though he spent the greater portion of his early years in Hawaii. Completing his Bachelor of Economics from the University of Santa Barabar, James was hired by PricewaterhouseCoopers.

Selecting a Tax Professional

When you’re looking for a talented and skillful tax professional, the one thing you absolutely need is to select someone who is well versed in tax law. Not requiring this could cost you greatly in both lost cash flow and additional stress...