SOURCE: Marks Paneth & Shron LLP

Marks Paneth & Shron LLP

September 21, 2010 11:06 ET

Marks Paneth & Shron LLP Taps Former IBM Director of Tax to Help Launch Firm's New Services for Emerging Growth Companies and Entrepreneurs

IBM Veteran Jeanne P. Goulet, CPA, to Spearhead Expanded Offerings That Support Both Domestic and Global Emerging Growth Companies and Entrepreneurs Through the Complete Life Cycle of Their Ventures

NEW YORK, NY--(Marketwire - September 21, 2010) -  Marks Paneth & Shron LLP (MP&S), a leading New York area accounting firm, announced that Jeanne P. Goulet, CPA, a tax specialist and IBM veteran with more than 25 years of experience in industry and public accounting, has joined MP&S as a senior tax consultant to launch the firm's new Services for Emerging Growth Companies and Entrepreneurs.

Ms. Goulet, who specializes in tax issues related to e-commerce and the Internet including software development, global services and cross-border transactions; as well as international tax matters including worldwide tax planning and transfer pricing, will hold an instrumental role in bringing MP&S' new Services for Emerging Growth Companies and Entrepreneurs to market.

Under the leadership of Steven Eliach, JD, LLM, Principal-in-Charge of Tax at MP&S, Ms. Goulet along with fellow MP&S tax colleagues Solomon Packer, Paul Bercovici, and Alyssa Forslund, will provide individualized, integrated counsel to entrepreneurs and their businesses from the formation stage to either the liquidating event as an acquisition, merger, IPO or continuation as a profitable business enterprise.

"The New York area is a breeding ground for entrepreneurs and the investors that fund them," said Steven Eliach. "The creativity that sparks business ventures needs more than access to capital in order to thrive. It is up to New York professionals to build a nurturing community where our young entrepreneurs can compete and win on the global stage. To succeed, a myriad of issues need to be addressed through the life cycle of any venture. MP&S recognizes this need in the greater New York marketplace and is pleased to assemble a team of highly skilled specialists who will bring their expertise to bear on fostering a vibrant entrepreneurial community."

"Thanks to the Internet's global reach, start-ups have the ability to tap networks and establish operations all across the world," added Jeanne Goulet. "I am excited to join the MP&S team and collaborate with the Tri-State Region's entrepreneurs to achieve the full potential of their vision."

MP&S Services for Emerging Growth Companies and Entrepreneurs

MP&S Services for Emerging Growth Companies and Entrepreneurs offer a full range of tax, accounting, auditing, consulting and litigation and corporate financial advisory services that take into consideration local as well as global tax matters.

In addition to the "business as usual" US domestic accounting and tax services, MP&S offers sophisticated services to help start-ups address a full spectrum of matters. Examples include:

  • Minimizing the global effective tax rate of the venture and maximizing the deferral of US tax on global profits in order to grow the business with before tax cash;
  • Determining the type of entity(ies) that should be formed;
  • Determining the jurisdiction(s) in which the business should be established;
  • Reviewing external as well as internal cross-border business agreements for tax efficiency and to establish proper transfer pricing practices;
  • Maximizing the tax efficiency of investments in purchased or self developed intellectual property
  • Evaluating optimal exit strategies from a tax perspective.

Other areas that the MP&S Services for Emerging Growth Companies and Entrepreneurs can assist start-ups and their entrepreneurs/owners/investors with include -- business and intellectual property valuation; the development of financial reports for boards and investors; functional oversight including accounting, tax and financial management; budgeting and forecasting; financial analysis; management of audits for SEC, Sarbanes-Oxley and internal controls, and activities related to mergers, acquisitions and divestitures.

The MP&S Team

Steven Eliach, JD, LLM, a lawyer and the Principal-in-Charge of the Tax practice at Marks Paneth & Shron. Mr. Eliach has over 20 years of experience specializing in taxation for the real estate industry, estate planning and income taxation of closely held companies. During his career, Mr. Eliach has devised complex real estate planning strategies using joint ventures, options and like kind exchanges. He has developed sophisticated estate planning capabilities using techniques such as Grantor Retained Annuity Trusts, Charitable Remainder Trusts and Family Partnerships. In addition, Mr. Eliach is frequently called upon to structure complex business transactions involving mergers, sales, exchanges, partnership formation, liquidation, and planning for S Corporations.

Jeanne Goulet, CPA spent the majority of her professional career with IBM, ultimately serving as head of tax of IBM Credit Corporation and as an IBM tax director. In those roles, she managed the tax function, developed and implemented tax strategy on a global basis, and participated with industry groups both in the US and abroad to develop tax policy for the information technology industry, the Internet and E-commerce. She participated in work groups with the US Treasury Department and the Organization for Economic Co-operation and Development (OECD). In addition, she provided tax support to a number of IBM's business units including the Software Group, Global Services, and e-Business Solutions.

Ms. Goulet has also served as vice president of finance and planning for a solar module manufacturing start-up. She was responsible for business development, fund raising for both equity and debt, preparing grant applications and meeting with government representatives on both the federal and state level.

Solomon Packer, CPA, JD, LLM, is a senior consultant at Marks Paneth & Shron LLP in the area of international taxation. Mr. Packer is a former senior international tax partner of a Big 4 firm where he spent most of his career. At MP&S, Mr. Packer advises foreign persons and corporations on how to do business in the US and, conversely, advises US corporations on how to conduct business overseas in order to effectively reduce their worldwide tax exposure. His areas of specialization include international structuring, mergers and acquisitions; tax issues related to foreign ownership of US real estate; tax planning for multinational corporations; taxation of shipping companies; and international estate tax planning. 

Paul Bercovici, LL.B., is a Director at Marks Paneth & Shron LLP. Previously, Mr. Bercovici spent many years at Big 4 firms in Canada and New York. He specializes in international tax matters including advising US individuals on the income tax implications associated with working and living outside of the United States. He also advises foreign individuals on the income tax implications associated with working and living in the US. Further, he assists foreign and domestic corporations with structuring their US and offshore operations.

Alyssa Forslund, JD, is a manager at Marks Paneth & Shron LLP. Ms. Forslund provides tax consulting services on the federal and state levels. She focuses on serving emerging growth companies -- primarily technology companies. In addition, Ms. Forslund works on federal, state and local tax controversy cases. She assists law firms with bringing taxpayers into compliance under the Voluntary Disclosure Program (VDP) of the Internal Revenue Service. Prior to joining the firm in 2007, Ms. Forslund worked at a New York City law firm specializing in litigation.

For more information, or to schedule an interview, please contact Itay Engelman of Sommerfield Communications at (212) 255-8386 or itay@sommerfield.com

More About Jeanne Goulet
Ms. Goulet is a frequent speaker on corporate tax and business advisory topics. She has spoken at a variety of venues including George Washington University's International Tax Program, the International Fiscal Association (2001 Annual Global Congress), Harvard Law School 's International Tax Program and Society for Law and Tax Policy, the Institute for International Research and The Conference Board.

Ms. Goulet was also an advisor to the Organization for Economic Co-operation and Development (OECD) and a participant in both the Technology Technical Advisory Group and the Technical Advisory Group for Business Profits Tax.

In addition to her professional activities, Ms. Goulet joined the Red Cross and worked in the New Orleans area as part of the Katrina Disaster Relief effort. She currently serves on the Red Cross Disaster Response Team.

Ms. Goulet holds a Master of Science in Accounting from the Stern School of Business at New York University. She is based in Marks Paneth & Shron's midtown Manhattan headquarters and resides in Armonk, New York.

About Marks Paneth & Shron
Marks Paneth & Shron LLP is an accounting firm with nearly 475 people, of whom 64 are partners and principals. The firm provides businesses with a full range of auditing, accounting, tax, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services and energy clients.

The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in JHI, the leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world.

Marks Paneth & Shron LLP, whose origins date back to 1907, is the 32nd largest accounting firm in the U.S., and the 13th largest in the New York area. Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands. For more information, please visit www.markspaneth.com.

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