Summary
Overview
Work History
Education
Skills
Websites
Awards
Timeline
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PRARTHANA VALVANI

Pune,MH

Summary

I am an experienced US Partnership Direct Tax specialist having 5+ years of rich client-service experience in the areas of Federal and State Taxation. Proficient in K1-G, iPACs, GTP, Track, Gosystems. Currently employed with PwC with prior experience at Deloitte and EY. Actively pursuing Enrolled Agent (EA) and seeking opportunities to contribute to high performing, growth driven teams.

Overview

5
5
years of professional experience

Work History

Senior Tax Associate

PWC
02.2024 - Current
  • Conducted review of 1065 Forms, estimate and final workpapers, extensions, schedule K1s, tax returns.
  • Mentored junior associates, enhancing their understanding of complex tax issues and procedures, helping them in preparing Footnotes
  • Ensured timely delivery of all client deliverables by effective planning and prioritizing work to meet strict deadlines and engagement timelines
  • Reviewed federal and state XMLs for Schedule K1 and K3, supported e-filing through GoSystems
  • Reviewed and analyzed financial documents for accuracy, improving overall reporting consistency.
  • Worked and reviewed certain foreign filing forms, ensuring accurance and compliance with US reporting requirements

Advance Analyst

Ernst & Young, LLP
09.2022 - 01.2024
  • Preparing Schedule K-1 Package, Form 1065 Partnerships. Also worked on Private Equity and Hedge fund clients as well. Using the firm proprietary tool called GTP-FS Raptor
  • Roll forward PY data to Current year project and track the capital accounts and Income/Gain and expense allocations
  • Calculate the Taxable Income and review the numbers before sending it to the team and maintain regular check if the system is working fine.
  • Review K1 and K3s, Federal and State XMLs and help the GCR Team to file the returns through GoSystems. Help them in clear any validation errors.
  • Set up organizational charts, client mapping, print and bridging component to execute re-performance steps while configuring clients on the platform
  • Help with development of Footnote templates or any new regulation related to Schedule K1s
  • Review of Form 1065, Schedule K1s, Sch K2 & K3 and other required compliance related information as per IRS Filing requirement
  • Provide demo within EY to familiarize different service lines with the platform and its functionalities, also provide trainings to the Engagement team and internal team members on the GTP Raptor tool and certain partnership tax

Tax Consultant I & II

Deloitte Tax Services, LLP
06.2020 - 09.2022
  • Review of 1065 Federal and State Tax returns along with other required compliance related information as per IRS Filing Requirement
  • Understand the client’s organization chart, analyze the client’s financials, check for any open items and raise a flag if required
  • Prepare and review Tax workpapers, supporting workpapers, K-1s using K-1G and iPacs, Federal and State (Pre-dominantly - CA & NY) returns for partnerships using GoSystem.
  • Hands on experience in analysing Tax reforms and related compliance items
  • Review E-file packages in XML Format and e-filing the returns on behalf of the clients
  • Interacting with US and USI manager to collate client’s financial information for a smooth financial year.
  • Working with both US and Indian ET to get the client’s deliverables prepared and reviewed on time

Education

PGDM - Finance

Institute of Technology & Management University (ITM)
Mumbai, MH
04.2020

Bachelors - Business Administration

Devi Ahilya University of Indore (DAVV)
Indore, MP
04.2018

Higher Secondary Schooling - undefined

St. Raphael’s Girls’ Higher Secondary School
01.2015

Skills

  • System Proficiency : Microsoft Office (Excel Word Powerpoint) BNA Interactive Forms K1G iPacs GoSystems GTP-FS Raptor Track Adobe Acrobat
  • Time Management Constructive communicator Team Leadership Quick Learner Empathetic Motivated

Awards

Appreciated for carrying an Outstanding Professional Behaviour in Deloitte, Achieved various spot awards in Deloitte and EY both, Shoutouts from Managers/Sr. Managers for providing good quality work with quick turnarounds.

Timeline

Senior Tax Associate

PWC
02.2024 - Current

Advance Analyst

Ernst & Young, LLP
09.2022 - 01.2024

Tax Consultant I & II

Deloitte Tax Services, LLP
06.2020 - 09.2022

Bachelors - Business Administration

Devi Ahilya University of Indore (DAVV)

Higher Secondary Schooling - undefined

St. Raphael’s Girls’ Higher Secondary School

PGDM - Finance

Institute of Technology & Management University (ITM)

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PRARTHANA VALVANI