Director Thomas Jackson heads up Shea Labagh Dobberstein’s Tax Department He has seventeen years of experience in a wide variety of tax and accounting issues. Mr. Jackson’s experience ranges from issues that affect small start-up companies to publicly traded companies.

• Conversion from C corporation status to S corporation status. Based upon a discussion with a new client it was evident that the long-term plan was to sell the company. Mr. Jackson performed calculations based upon the current and estimated future value of the company showing the tax impact of the sale as a C corporation. He was then able to show the tax saving that would be generated if the client converted to S Corporation status. The client converted to S Corporation status, subsequently sold the company and saved $2 million in taxes.

• Negotiated the buyout and structured the tax implications for shareholder transitions. A successful software company was underperforming due to the inability of the two majority shareholders to agree on business strategy and structure. The shareholders realized that the company would not be as successful with both owners involved. Mr. Jackson devised a plan that would allow one shareholder to leave with a substantial payout, while allowing the other shareholder to continue to run the business. Sales subsequently doubled over a 5 year period.

• Restructured multi-entity client to minimize taxes. A client that had multiple entities with different fiscal years and ownership structures was experiencing complicated accounting problems and was not tax efficient Mr. Jackson repositioned the company by changing year-ends and ownership structures, with no adverse tax consequences, and turned the organization into a tax efficient entity.

Thomas Jackson is a CPA and a member of the AICPA and California Society of CPAs. He holds a Bachelor’s Degree in Business Economics, emphasis in Accounting, from the University of California at Santa Barbara.