Week in Insights: Career Moves, Promotions, and What Comes Next | #ukscams | #datingscams | #european

There are moments in our lives that we will always remember, and career milestones are undoubtedly at the top for many of us. That makes sense. Like birthdays, weddings, and other significant life moments, job changes—from first jobs to promotions—can shape our lives.

I remember standing in my apartment in Philadelphia when I found out I had passed the bar; I cried when I heard my results. My now husband worried that it meant I had failed.

I remember the first time I set foot in a courtroom and had to quietly remind our client that she wasn’t allowed to speak out of turn—I couldn’t figure out which of us was more nervous.

And I remember standing on the campus of my alma mater with my older daughter when I got a phone call asking whether I’d like to be an editor. Since you’re reading this, you already know how that turned out.

As you can imagine, I didn’t stay quiet when good things happened in my career. I shared them with friends and colleagues. I’m a firm believer that big moments, however you define them, should be recognized and celebrated.

A couple of months ago, we began publishing tax and accounting career moves on The Exchange page and in our Week in Insights. This week, you sure kept us busy—we received more submissions than ever.

Photographer: Getty Images

We’re honored to be able to share your milestones. And I hope that you’ll continue to let us know about the big moments in your careers.

We’re fortunate to be part of a great community of tax professionals. This week, as always, our tax and accounting professionals will help you stay informed with great commentary and insightful analysis on federal, state, and international tax issues, giving you time to think about what comes next.

The Exchange… It’s where great ideas intersect.
—Kelly Phillips Erb

Quick Numbers Trivia

On average, how many jobs have younger baby boomers held over their lifetime?
Answer at the bottom.

Our Roundup

Our experts touched on a wide range of topics, from sales tax to Pillar Two. For a look at what’s making news, here’s our roundup.


Hybrid work schedules are increasingly replacing the traditional five-day-a-week office job. The ultimate effect this will have on tax revenue bases will determine how state and local governments react to these changes, says Friedman LLP’s Tom Corrie.

In the four years since the landmark Wayfair decision, state governments have created new laws, and businesses have had to adapt to changing rules and regulations. Awareness of Wayfair-related compliance obligations and the lack of uniformity when it comes to economic nexus laws will play a significant role in shaping how businesses and governments will act over the next few years, says Avalara’s Scott Peterson.

Large corporations have the legal resources to navigate moving elsewhere, but small businesses are often left wondering what it takes to leave California. Shartsis Friese’s Sergio Broholm, USC law student Jack Frisbie, and Structured Consulting’s Jeremy Babener look at five steps to moving a business out of the Golden State.


Syndicated conservation easements were high on the IRS’s annual “Dirty Dozen” list of tax scams in 2019. As a result, the IRS has been cracking down on abusive programs designed to game the system and has disallowed many such deductions, says AmTrust’s Michelle Concepcion.


Christos Theophilou of Taxand Cyprus compares the principal purpose test in the OECD’s 2017 Model Tax Convention with the EU’s general antiabuse rule.

Henriette Fuchs of Yaron-Eldar, Paller, Schwartz & Co considers the positive impact for multinational enterprises invested in Israel of the recent decision of the Tel Aviv District Court in the Medingo case.

A US group of a multinational corporation generally has no US gross income when, after 10 years, its qualified opportunity zone business sells its assets. The pending OECD Pillar Two regime could nevertheless impose a tax, says Gunster, Yoakley & Stewart, P.A.’s Alan S. Lederman.

Aiki Kuldkepp of Grant Thornton examines the implications of value-added tax and customs duty for businesses importing goods from non-EU countries into the EU and those selling goods from one EU country to another.

A Closer Look

It may be obvious, but you shouldn’t use funds from a nonprofit tax-exempt organization as a personal piggy bank. In this edition of “A Closer Look,” Berliner, Corcoran & Rowe LLP’s Keith Rosten looks at recent IRS scrutiny of excess-benefit cases for nonprofits, as well as private inurement.

Reader Responses

At The Exchange, we welcome responses from our readers and encourage diversity and civil discussion. We are especially interested in responses that add to the conversation, or introduce a different point of view. If you have a response to one of our published Insights, we’d love to hear from you.


Technologies like AI and machine learning have the potential to streamline processes and inform policy, but they remain tools that must be wielded by real human beings at the direction of human policymakers—at least for now. In the case of a recent Dutch AI tax scandal, the fault may lie with the human beings, or policymakers, operating the technology rather than the technology itself, says columnist Andrew Leahey.

From single-member limited liability companies to multinational enterprises, taxpayers often believe that simply paying an expense out of a business makes it deductible for federal income tax purposes. But despite some videos making the round on TikTok, that’s not the case. This week, I took a look at some expenses that might be considered a cost of doing business, but are not tax-deductible.

Most Americans don’t take vacations—but taking time for yourself is essential. I know that doesn’t mean it’s easy. Here are a few tips that I’ve learned—and that I’m still learning—to help pave the way.

Listen In

Tax-advantaged land deals known as syndicated conservation easements are under increasingly heavy scrutiny from the IRS and Congress.

Syndicated deals—which involve multiple parties who buy into a property, often based on promises of super-sized deductions worth several times more than their investment—are designated as tax schemes on the IRS’s infamous Dirty Dozen list.

On the latest episode of Talking Tax, Bloomberg Tax reporters Richard Tzul and Kaustuv Basu talk with Tabetha Peavey, an attorney adviser for the Tax Law Center at New York University Law, and Rep. Mike Thompson (D-Calif.). Peavey explains how the transactions work and what the IRS has done to stop what it considers to be abusive behavior, while Thompson offers his thoughts on whether this is the year that a long-simmering proposal to restrict the deals makes it through Congress.

Get Caught Up

It’s been a busy week in tax news from state capitals to Washington. Here are some stories you might have missed from our Bloomberg Tax news team.
*Note: Your Bloomberg Tax login will be required to access Tax News.


Our Spotlight series highlights the careers and lives of tax professionals across the globe. This week’s focus is on Nicholas Kappas, a member of Dentons’ Tax practice group.

Don’t Miss

We’re hosting our monthly virtual Lunch & Learn series with “How to Improve Your Networking Game as a Tax Pro” on July 27 from noon to 1 p.m. EDT. You can find more details about our free event, no registration required, here.

Career Moves

Withers announced that Wei Zhang, a partner in the firm’s private client and tax team, has been appointed managing director of the firm’s Hong Kong office.

Marna Ricker has been named the global vice chair of tax at EY, the firm said.

KPMG announced the appointment of Andy Bostock as office senior partner in Birmingham, England, where he will lead the firm’s remit in the Midlands.

Abby Mahony has joined Gould & Ratner as an associate in the tax planning practice, the law firm announced.

Adam Ripperdan, owner of Tax Plan Ventures LLC, has joined Dark Horse CPAs in Phoenix, according to the firm.

Fox Rothschild LLP has announced that Elizabeth Blickley has joined the firm as counsel in the tax controversy and litigation practice in Washington, and Adon Solomon has joined the Atlanta office as a partner in the taxation and wealth planning department.

According to Skadden, De Lon Harris has joined the firm as a senior adviser for tax solutions strategies in the tax controversy and litigation group in Washington.

Brown Schultz Sheridan & Fritz has announced the promotion of eight team members across Pennsylvania.

Thompson Hine announced Andrea Sharetta has joined as a partner in the tax practice in New York.

Dannible & McKee, LLP announced that Kaityln Axenfeld has been named a partner, Christopher Didio has been elected managing partner, and Victor Vaccaro Jr. has been elected partner-in-charge of assurance services. The firm promoted 10 professional staff members, it said earlier this month.

Bodman PLC announced that Brigid Fox has joined the firm as a member of the high net worth practice group in the Troy, Mich., office.

Benyomin Richmond has joined EisnerAmper as a partner in the personal wealth advisors group, according to the firm.

Gentry Collins has joined the trusts and estates services group of Stites & Harbison in Lexington, Ky., the firm said.

Andrew Masraf, who has served as global head of the transactional services group and global head of corporate of Pinsent Masons, will be senior partner as of Oct. 1, the firm announced.

Mark Mesler, a retired Ernst & Young principal, has joined Asbury Law Firm as senior counsel, the firm said.

If you are changing jobs or being promoted, let us know. You can email your submission to TaxMoves@bloombergindustry.com for consideration.


Insights team member Rebecca Baker headed to Vegas for Latino Tax Fest this week. Here’s her report:

I was proud to represent the Bloomberg Tax Insights and Commentary team at Latino Tax Fest, a gathering of more than 2,000 tax professionals at the MGM Grand in Las Vegas. The vast majority of people I spoke with were delighted to learn that we publish articles by and for tax professionals free of charge. And they were surprised to learn that they, too, could write for us.

The conference taught me about the challenges faced by practitioners. I learned about topics ranging from the complexities of international tax treaties to how easily tax preparers can become victims of cybercrime. And that Chuck Rettig will ditch his suits and ties when he returns to Los Angeles after his stint as IRS commissioner.

I encountered an array of smart, hardworking tax pros dedicated to serving their clients. Event organizers, particularly Carlos Lopez of Latino Tax Pro, connected me with people who could contribute their thought leadership for Tax Insights. I’m looking forward to circling back with the people I’ve met and continuing those conversations.


If you have an industry-wide event that’s making news, let us know. You can email your submission to TaxEvents@bloombergindustry.com for consideration.

Quick Numbers Answer

According to the Bureau of Labor Statistics, people born from 1957 to 1964 had on average 12.4 jobs during a 36-year period—ages 18 to 54. Women had 12.3 jobs during that same time frame, while men held slightly more—12.6 positions.

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