Monica Simmons

Dynamic Tax Professional with multiple years of progressive experience in tax planning, preparation, and financial analysis. Proficient in managing complex tax returns across multiple states, ensuring accuracy, compliance, and timely submissions. Successfully implemented strategic tax-saving methods contributing to significant cost savings for clients.

Expertise in client relationship management and team leadership, aiming to leverage specialized knowledge and skills to enhance operational efficiency and drive financial success.

Senior Tax Accountant - Alexander Guess, CPA, PA - NC

(2017-06)

• Maintained various clients' financial records by leveraging accounting expertise and techniques.
• Evaluated and ensured the accuracy of coworkers' completion of 1040s, 1065s, 941s, 1099-MISC, 1099-NECs, and W-2s through comprehensive interpretations of tax laws since joining the firm.
• Trained and supported clients in software utilization by prioritizing issues and offering constructive feedback during the process.
• Compiled diverse financial reports in accordance with IRC 451(b).
• Utilized experience with general ledger management to enhance financial accuracy.
• Executed account and bank reconciliations for improved financial tracking.
• Developed budgets and engaged in trend analysis to optimize financial planning.
• Calculated tax estimates and quarterly reports for high earners and business owners after thorough consultations on account trends and future projections.

Contract Positions - Various - NC

(2015-12 - 2017-06)

• Prepared corporate tax returns across multiple states utilizing ASC 606 principles.
• Conducted monthly reconciliations of accruals and tax expense accounts to ensure financial integrity.
• Regularly updated management on project status to facilitate informed decision-making.
• Liaised with various state Department of Revenue representatives to guarantee the accuracy and timeliness of tax form submissions.
• Assisted clients in processing EFTPS payments for 1040, 1040-ES, and form 4868, ensuring compliance and accuracy.
• Monitored and maintained diverse portfolios, including preparation of 10-Q, 10-K, and K-1 filings.
• Responded to ad hoc requests by sustaining information across multiple programs.
• Supervised team members to guarantee adherence to accurate reporting standards.
• Processed Accounts Receivable in compliance with GAAP.
• Drafted Proof of Claims and amended Proof of Claims.
• Updated and produced clients' financial statements for improved clarity.
• Filed Sales Tax returns, as well as 941 and 940 returns and NC-5Q returns.
• Prepared 1099s and 1096 forms to ensure regulatory compliance.
• Nurtured client relationships by thoroughly examining large and complex transactions involving estates and trusts, identifying the most beneficial tax-saving strategies.
• Assisted financial analysts by researching and reviewing trends with specialized expertise in accounting principles, practices, and tax regulations.
• Investigated various account information for accuracy using extensive financial and investigative skills.
• Ensured compliance with SOX regulations and maintained effective audit controls.
• Analyzed and researched variances for comprehensive financial reporting.

Claims Assistant Director - Blue Cross/Blue Shield - NC

(2012-10 - 2015-12)

• Ensured proper coding and processing of claims by implementing control examinations.
• Updated guidelines and diagnosis codes in adherence with ASC 606 standards.
• Developed training programs for new and existing associates in response to criteria changes.
• Engaged strategically with clients by researching and resolving billing issues efficiently.

Accountant IV - Blue Cross/Blue Shield - NC

(2012-10 - 2015-12)

• Drafted month-end and year-end journal entries for accurate financial records.
• Guaranteed the accuracy of financial reports through independent examinations of the largest and most complex exempt organizations, including private foundations and cooperatives.
• Assessed the performance of subordinates and recommended enhancements for improvement.
• Managed special projects as directed by management to achieve organizational objectives.

Finance Director - Word of God Fellowship Church Christian Daycare - Raleigh

(2007-05 - 2012-10)

• Oversaw financial record-keeping for the Christian academy, daycare, and ministry in compliance with section 1501.
• Conducted interviews and trained prospective candidates for various roles within the organization.
• Processed invoices post-payment to ensure proper financial tracking.
• Researched and implemented innovative procedures to streamline operations.
• Prepared the audit plan and led examination teams effectively during audits.
• Supervised finance staff on complex accounting transactions to ensure accuracy and compliance.
• Regularly updated the CEO on departmental and overall organizational status.
• Managed the preparation of 1099s and W-2 forms.
• Compiled transactions following GAAP standards to maintain financial integrity.
• Ensured compliance with SOX regulations.

Finance Director - The Salvation Army - Raleigh

(2001-03 - 2006-12)

• Executed accounts receivable and payable functions to ensure financial stability.
• Allocated workloads based on priorities and task complexity to maximize efficiency.
• Supervised the financial department to establish the most effective operational strategies.
• Conducted investigations to mitigate risks of fraud and collusion within financial operations.
• Maintained comprehensive financial records for all divisions to promote transparency.
• Prepared financial statements and facilitated account closing procedures monthly.
• Generated financial reports in compliance with GAAP standards.

M.S - Accounting - Purdue University Global (2021 - 2023-05)

B.S - Accounting - North Carolina Agricultural and Technical State University (2017 - 2020)