Paul R Welsh, CPA, MST is originally from Ocean City, Maryland. He grew up the second of seven children of a pharmacist father and a nurse mother. Paul has lived here in Florida for over 20+ years.
His Undergraduate Degree is in Accounting and his Masters Degree is in Taxation. He holds a CPA license in Florida, Maryland, and, any day now, New York.
Through years of education and experience, Paul is an expert in QuickBooks, Excel, Business, and Taxation.
Paul has repeatedly demonstrated formidable leadership skills primarily focusing on the high level project arena. In the area of accounting and taxation, Paul has performed a wide range of duties from hands on interim directorship to upper managerial level. His solid tax foundation has been one of his strongest assets. He has had both direct and managerial experience with Federal and State provision and compliance program initialization, audit defense, indirect tax, FIN 48 (ASC 740), and compliance (federal, multi-state, foreign) as well as General Ledger responsibility at companies of varying sizes. His Foreign Tax experiences range from Indirect (VAT/GST/HST) and Direct Tax to entity structure including transfer pricing studies.
Documentation of tax provision and compliance systems and processes related to multi-billion dollar companies has been the most recent expertise provided. Provision and Compliance software applications include Corp Tax, One Source, ProSystems, and Vertex.
Paul has a significant history of senior financial and tax management and international reporting. He created systems for tax accounting, including the deferred tax calculations for several major US manufacturers, utilities, entertainment, and construction industries. He developed and documented methods of tax accounting of several foreign corporations and Earnings and Profits Studies of domestic and foreign corporations. He has prepared, for SEC purposes, the tax notes to the financial statements and all of the supporting tax reconciliation GAAP schedules. Paul also has extensive experience in financial statement consolidations in the industries listed below; ASC 740 (FASB 109) tax provision reporting and systems; return to provision projects, including tax A/R-A/P reconciliation; Federal and State audit strategies and defense; and FIN 48 studies and documentation. He is extensively involved in training on the client created systems. He is a public speaker for seminars on the above topics.
Paul consistently focuses on the bottom line and how to efficiently produce the desired results with the least amount of overhead while maintaining integrity.