Summary
Overview
Work History
Education
Skills
Accomplishments
Proficiency
Mbaproject
Languages
Hobbies and Interests
Languages
Timeline
Generic

SRINITHA KATAKAM

Hyderabad

Summary

  • Successful R&D Tax Credit Projects: Led R&D tax credit projects for over 100 clients, managing the entire process from client data analysis to credit calculations and deliverable documentation. This comprehensive involvement resulted in the successful identification and claiming of significant R&D credits, which greatly enhanced clients' tax savings and strengthened long-term client relationships.
  • Detailed Documentation and Audit Support: Played a crucial role in documenting client data related to R&D activities. Provided thorough and well-organized audit responses and supporting documentation that efficiently resolved issues during IRS audits, ensuring the preservation of claimed credits and maintaining client trust.
  • R&D Tool Improvement: Actively participated in the testing and refinement of an internally developed R&D credit calculation tool. Identified and reported bugs and issues, contributing to the enhancement of the tool’s functionality. This effort improved the overall competence and efficiency of tax professionals in handling R&D credit calculations.
  • FDII Benefits Identification and Claims: Contributed significantly to projects by successfully identifying and assisting in the claiming of Foreign-Derived Intangible Income (FDII) benefits for multiple clients. This resulted in a notable reduction in their effective tax rates and enhanced overall tax efficiency.
  • Internal Checklist Development: Played a key role in developing a new internal checklist for FDII calculations. This initiative improved the accuracy and efficiency of the reporting process, ensuring that FDII claims were thoroughly and correctly documented.
  • High-Quality Deliverables: Assisted in preparing detailed deliverables for a substantial number of clients, maintaining a high standard of attention to detail and presentation. Ensured that all reports and documentation met stringent quality requirements and effectively communicated complex FDII information.

Overview

2
2
years of professional experience

Work History

Experienced Tax Associate

BDO Rise
Hyderabad
05.2022 - 08.2024

Research and Development Tax Credits (R&D):

Section 41 R&D Tax Credits: Spearhead the preparation and analysis of Section 41 R&D tax credit claims for a diverse portfolio of clients across various industries, including technology, manufacturing, and pharmaceuticals. Successfully identified qualifying R&D activities and expenditures, resulting in substantial tax credit claims. Led the development of detailed technical reports and documentation to support credit claims and defend against IRS audits.

R&D Credit Studies: Conduct thorough R&D credit studies involving extensive review and analysis of clients' research activities. Utilize advanced methodologies to assess eligibility for R&D credits, including the application of the four-part test (qualified purpose, elimination of uncertainty, process of experimentation, and technological in nature). Collaborated with clients to document and substantiate R&D activities, ensuring adherence to IRS guidelines and maximizing credit opportunities.

Project Management: Oversee multiple tax compliance projects simultaneously, coordinating with internal teams and clients to ensure timely and accurate completion of deliverables. Developed project plans, set milestones, and tracked progress to meet deadlines and achieve client objectives.

Training and Development: Conduct internal training sessions and workshops on R&D tax credit regulations and best practices. Enhanced team knowledge and capability in managing R&D tax credit claims and navigating complex tax issues.

Process Improvement: Implemented process improvements and best practices for R&D credit documentation and reporting, leading to increased efficiency and accuracy. Developed templates and checklists to streamline the credit claim process and ensure consistency across projects.

Foreign Derived Intangible Income( FDII):

FDII Analysis: Assist in the analysis and calculation of Foreign-Derived Intangible Income (FDII) for a diverse range of clients. Support senior team members in determining FDII-eligible income and associated expenses by analyzing foreign income data and ensuring proper apportionment and allocation.

Documentation and Reporting: Contribute to the preparation of FDII-related documentation and tax filings, ensuring accuracy and adherence to IRS regulations. Review financial statements, tax returns, and other supporting documents to ensure they reflect accurate FDII calculations.

Cross-Functional Coordination: Work with internal and international teams to ensure consistent application of FDII provisions. Coordinate with cross-border teams to reconcile data and align on tax strategies affecting both domestic and international operations.

Education

MBA (Finance) -

Matrusri Institute of PG Studies
Hyderabad
10.2020

B.Com (Computer Applications) -

Aurora Degree College
Hyderabad
03.2018

Board of Intermediate (MEC) -

New St. Francis Xavier Junior College
Hyderabad
03.2015

SSC -

St Peters Jubilee School
Hyderabad
03.2013

Skills

  • Able to meet deadlines and work independently in fast paced environment
  • Adaptable to new environment
  • Able to accept new challenges
  • Optimistic and well organized

Accomplishments

    Exceptional Client Service Award: Recognized for consistently exceeding client expectations through proactive problem-solving, effective communication, and dedication to delivering high-quality service, resulting in enhanced client satisfaction and loyalty.

    Rockstar Award: Awarded for exceptional performance and consistently surpassing goals, demonstrating high expertise, and contributing innovative solutions that improved team outcomes and efficiency.

    High Five Award: Honored for fostering a collaborative and supportive work environment, actively promoting teamwork, and helping colleagues achieve shared goals, enhancing overall team morale and productivity.

Proficiency

  • Proficient in Communication Skills, both Oral and Written
  • Proficient in MS Office Excel and Word

Mbaproject

Analysis of Financial Leverage on Profitability and Risk, RVPR Engineering Services Pvt Ltd (NSIC), Understand the impact of financial leverage on profitability and risk of RVPR during the period of 5 years, i.e. 2013-14 to 2017-18., NSIC, Drew a hypothetical model analysis table to study the relationship between financial leverages of the firm.

Languages

  • English
  • Telugu
  • Hindi

Hobbies and Interests

  • Listening to Podcast
  • Trying Italian / Continental Recipes
  • Playing Badminton
  • Doing Poetry
  • SuperHero Movies and K-Drama fan

Languages

Telugu
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2

Timeline

Experienced Tax Associate

BDO Rise
05.2022 - 08.2024

MBA (Finance) -

Matrusri Institute of PG Studies

B.Com (Computer Applications) -

Aurora Degree College

Board of Intermediate (MEC) -

New St. Francis Xavier Junior College

SSC -

St Peters Jubilee School
SRINITHA KATAKAM