State and Local Tax Expert Joins WTP Advisors Chicago

CHICAGO, Nov. 7, 2013 /PRNewswire/ -- Ned Leiby, a CPA, CFE with 25 years' experience in multistate and local tax issues for large multinational corporations and middle market businesses, has been chosen to lead the Chicago office of WTP Advisors, where he will oversee the Midwest region's growth and client service in all areas.  WTP Advisors is an award-winning global tax and business advisory firm.

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"Ned's level of expertise in state and local tax issues is critical for companies who are trying to steer through an increasingly complicated tax landscape in the U.S.," says Ian Boccaccio, partner and co-founder of WTP Advisors.

Given the mounting federal budget issues, Ned believes there is a growing sense that programs like production tax credits, Medicaid, and education, traditionally funded by Congress, will now be pushed down to state agencies, prompting state departments of revenue  to seek out additional sources of revenue from all corners.

"The states continue to grapple with how to tax industries driven by technology such as cloud computing and other transactions entered into over the internet.  While most businesses want uniformity amongst states in this regard, in actuality there is increasing lack of uniformity amongst states which will only continue to create more traps for the unwary," says Leiby.

In addition, businesses operating in various industries continue to register increased complaints about perceived abuses of discretionary authority by state taxing authorities. These multifaceted layers of state and local tax issues can create difficulties for even the most experienced corporate tax directors.

"WTP's specialists are skilled at evaluating complex fact patterns and transactions to create tax and other business planning opportunities. We are very effective at communicating complicated tax rules in understandable terms for various audiences," says Leiby.

"WTP provides solutions for federal, state and international tax projects.  The growing complexity of state tax laws, coupled with lack of uniformity amongst states, and increased audit exposure, requires multistate businesses to meet multistate tax issues head on," says Boccaccio. 

Leiby was drawn to WTP Advisors because of the firm's mission and brand which was built to bring value added services to the client by staffing each project with more experienced professionals per project that its competitors; a quality which distinguishes it in the marketplace. 

"Specialists assembled here in the U.S. and internationally are focused on doing what is in the best interest of clients with tax solutions being executed by highly skilled and experienced professionals supported by sophisticated technology," says Leiby.

"This approach to the market has enabled WTP to distinguish itself and is validated by the success the firm continues to experience including high growth in demand for services to global businesses," says Boccaccio.

About Ned Leiby, CPA, CFE

Ned Leiby has 25 years of experience in providing value-added tax services to Fortune 1000 and middle market businesses. Ned is a graduate of Loyola University of Chicago and previously held leadership positions at a national accounting firm and served as managing director for the tax and business consulting division of a Fortune 100 business. 

Ned specializes in state and local tax ("SALT") matters including income/franchise, sales & use tax and unclaimed property. He assists his clients in various areas including: research and planning, compliance, nexus reviews, voluntary disclosures, audit defense, M&A due diligence for SALT issues, reverse audits, project outsourcing, tax system implementation and litigation support.  His industry experience encompasses manufacturing/distribution, utility & renewable energy, retail, leasing, financial institutions, real estate, private equity, service organizations, internet retailers, and software/technology.

Ned has spoken before numerous business and trade groups and is active in a number of charitable and civic organizations.

WTP Advisors is a leader in tax and business advisory services for a global marketplace.  Our highly skilled professionals equipped with years of industry experience, coupled with our cutting-edge technologies, make substantive and long-term differences to an organization's profitability.  WTP Advisors is headquartered in White Plains, New York, with offices across North America, Asia, and Europe.

SOURCE WTP Advisors