Latrice McRae

About Latrice McRae

As a seasoned Tax Strategist with a passion for empowering clients, I specialize in…

Experience

1. Managing Principal, Tax Accountant

   Cason Mcrae Consultants

   Nov 2008 — Present · Matthews/Charlotte, NC, US

   Non-Profits, Retail, Service Firms, CPA Firms, Design Firm, Churches, Daycares• Manage all general accounting tasks for selected accounting services clients- including accounts payable and disbursement of vendor payments, accounts receivable and invoicing, bank statements reconciliation, journal entries and financial statements• Prepare tax forms for tax authorities including but not limited to E-500 and E-585• Manage payroll functions for selected clients- including internal payroll (biweekly, bonuses, quarterly and annual tax returns, NC101, online direct deposits, W-2s, W-3s, 1099s and payroll reconciliation• Monitor expenses and revenues to ensure accuracy and validity according to policy, procedures and standard accounting practices• Monitor and analyze purchases to optimize purchasing and minimize spending • Identified areas needing cost reduction and recommended cost cutting measures that led management to make more realistic budget projections and reduced overall all spending by twenty percent• Initiated procedures that resulted in reduction of accounts receivable by thirty five percent• Manage and monitor grant revenue to ensure expenditure compliance • Develop, manage and analyze budget operations of $250K-$10M • Develop and recommend processes to streamline and improve inefficiencies in the accounting, budgeting and payroll • Prepare timely monthly financial analysis and cash forecast and financial statements (balance sheet, income statement, cash flow, functional expenses, etc.) • Collaborate with Board of Directors, mangers and staff to support overall financial goals and objectives • Develop and strongly adhered to internal controls that results in organizations receiving outstanding audits with no material weaknesses or findings• Work with retained CPA firm to ensure accurate financial data for tax reporting and year end audits• Income tax preparation and planning for 1040, 1065, 1120S filers• QuickBooks consultant and instructor

Skills

• Financial Reporting
• Internal Audit
• Tax
• Financial Analysis
• Financial Accounting
• Payroll
• Budgets
• Finance
• Strategic Planning
• Accounting
• Budget
• Cash Flow
• Financial Statements
• Proadvisor
• Quickbooks