Celia Cheng, CPA

Seasonal Worker at ERNST & YOUNG U.S. LLP
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Contact Information
us****@****om
(386) 825-5501
Location
Houston, Texas, United States, US
Languages
  • Mandarin Professional working proficiency
  • Cantonese Native or bilingual proficiency
  • Haka -
Skills

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Credentials

  • QuickBooks Online Certification
    Intuit
    Jun, 2020
    - Nov, 2024
  • Certified Public Accountant
    Hawaii Department of Commerce and Consumer Affairs
    Jan, 2018
    - Nov, 2024
  • Certified Public Accountant
    Texas State Board of Accountancy
    Jul, 2017
    - Nov, 2024

Experience

  • ERNST & YOUNG U.S. LLP
    • United States
    • Accounting
    • 1 - 100 Employee
    • Seasonal Worker
      • Jan 2021 - Present

      Prepare and review partnership returns for Real Estate Investment Companies, publicly traded partnerships, energy companies, and private companies

  • L K Celia Cheng Tax and Consulting PLLC
    • Managing Member
      • Jan 2019 - Present

      Federal and State Income Tax complianceInternational Tax complianceConsulting

  • Robert Half
    • United States
    • Staffing and Recruiting
    • 700 & Above Employee
    • Senior Consultant (Contract)
      • May 2020 - Jan 2021

      Project scope: Prepare and review tax returns, including Form 1041, Form 1040, Form 1065, Form 1120, etc. for Law firm Family Trust Office and CPA firms. Identify workflow, project tracking, and digital workpaper issues. Provide solutions to the managing partners. Background: Clients requested services for tax crunch time to assist in preparation and reviewing tax returns. Clients also asked for advice on improving their digital workpaper, workflow and project tracking system. Technical issue: A client has project tracking system not properly set up. Tax workpapers was in paper format and project tracking system was used for storage of final products only. Accomplishment: Successfully identified the errors and proper communications made with the managing partner.

    • Consultant (SPS)
      • Nov 2018 - May 2020

      Project scope: work together with the company’s CFO International Tax Team on fixed asset depreciation system conversion. Responsible for reconciling gross tax fixed asset cost from inception, approximately 21-year fixed asset cost reconciliation, for 7 entities . Background: an oil and gas company with gross income in billions, went through acquisition/liquidation of entities and organization restructuring in the past 21 years. The company operates upstream, midstream, and downstream business. Tax depreciation was calculated manually on excel spreadsheet for the first 18-years, then converted to UTA in the recent 3 year. Technical issue: There were errors made along the years of original filing. Corrections were made year by year. Errors incurred during UTA conversion. Strong analytical skills, patience, and tax depreciation knowledge were necessary for this project. Accomplishment: Successfully identified the errors and reconciled the gross tax costs.

  • AH CPAs PLLC
    • Tax Manager
      • Feb 2018 - Nov 2018

      Act as liaison with clients and taxing authorities, manage project progress, provide traning to employees, review tax returns, which include corporation returns, partnership returns, feduciary returns, non-profit returns, etc.

  • Robert Half
    • United States
    • Staffing and Recruiting
    • 700 & Above Employee
    • Consultant
      • Apr 2017 - Feb 2018

      Project scope: work together with the company’s CFO International Tax Team on net operating loss validation and search for substantiation for 18-year tax returns. Background: an oil and gas company with gross income in billions, went through acquisition/liquidation of entities and organization restructuring in the past 18 years. The company operates upstream, midstream, and downstream business. Technical issue: Sec 382 limitation on NOL carryover from the acquired companies/SRLY limitation on NOL carryover from organization restructuring/Sec 263(A) uniform capitalization/interest capitalization/G&G capitalization/mark to market/fixed asset roll and reconciliation/tax cost reconciliation, etc.Accomplishment: NOL adjustment approximately $433 million/internal communication and financial data transparency between Accounting and Tax departments of the company/quality control on tax return/skill improvement on excel, project management, and data analysis/organize meetings and lead discussions, etc.

  • Carr, Riggs & Ingram
    • United States
    • Business Consulting and Services
    • 700 & Above Employee
    • Tax Supervisor
      • Jun 2015 - Jan 2017

      Domestic tax filing: Form 1040 for individual/Form 1041 for trust/Form 1120/1120-S for corporation/Form 1065 for partnership/Form 990 for nonprofit, etc. and corresponding tax forms for various states/consolidated federal and state returns with over 20 + states/apportionment factors/adjustments on state tax rules noncompliance to federal tax regulations, etc.International filing: FinCEN 114 for FBAR/Form 8938 for FATCA/Form 8865 for U.S. person with respect to certain foreign partnership/Form5471 for U.S. person with respect to certain foreign corporation/Form 1116 for foreign credit/Form 2555 for expatriate foreign earned income/Form 1120-F U.S. income tax return for foreign corporation, etc.Technical/project: Sec 382 limitation on NOL carryover from the acquired companies/Sec 754 election for partnership property basis adjustment/Sec 199 DPAD/Sec 481 adjustment on change of accounting method/Sec 263(A) uniform capitalization, S-Corporation/Partnership basis calculation, etc.Other duties: Analyze/review financials/tax information for reasonableness/correctness; review informational returns (e.g. Form 1099, W-2, etc.); prepare/review tax accrual & Fin 48; coach/train/supervise staff on understanding financial/tax information/tax compliance/completing tax forms, etc.

  • Parmet, Chapman, & Madsen P.C.
    • Accounting
    • 1 - 100 Employee
    • Tax Manager
      • Jun 2013 - May 2015

      Domestic tax filing: Form 1040 for individual/Form 1120S for corporation/corresponding forms for various states (e.g. TX, OK, NY, CA, etc.)/apportionment factors/adjustments on state tax rules noncompliance to federal tax regulations, etc. International filing: Form 1116 for foreign tax credit/Form 5471 for U.S. person with respect to certain corporation/Form 2225 for expatriate foreign earned income, etc.Research/project: U.S. tax treatment on foreign governmental sponsored pension plan/short presentation & discussion on 263(a) repair reg./like-kind exchange - autos

  • Margolis Phipps & Wright P.C.
    • Manager
      • Jun 2012 - May 2013

      Domestic tax filing: Form 1040 for individuals/Form 1065 for partnerships/Form 1041 for trusts/Form 709 for gift return, etc./corresponding form for various states (e.g. CA, NY, etc.)International filing: Form 1116 for foreign credit/Form 5471 for U.S. person with respect to certain corporation/Form 2225 for expatriate foreign earned income, etc.Technical/project: Short presentation/discussion regarding capital gain calculation/adjustment (e.g. PTP sales adjustments, etc.) on schedule D & Form 8949/recourse vs nonrecourse liabilities & allocation to partners, etc.

  • Linn Thurber LLP
    • United States
    • Accounting
    • 1 - 100 Employee
    • Senior Tax Accountant
      • Dec 2009 - Jun 2012

      Domestic tax filing: Form 1040 for individual/Form 1041 for trust/Form 1120/1120-S for corporation/Form 1065 for partnership/corresponding tax form for various states (e.g. TX, CA, NY, OK, etc.) International filing: Form 1116 for foreign credit/Form 5471 for U.S. person with respect to certain foreign corporation/Form 8865 for U.S. person with respect to certain foreign partnership/FinCen 114 for FBAR/Form 8938 for FATCA/Form 3520 for transaction with foreign trusts/W-8BEN, etc.Technical/project: U.S. tax treatment regarding K-1 income coded Sec 754/Sec 988/Sec 987, etc. Other duties: Interim and annual financial review for trust accounting/comparative financial reports for trusts and limited liability companies, etc.

  • CW Associates CPAs (fka Detor & Williams CPAs)
    • Senior Tax Accountant
      • Jan 2006 - Jun 2009

      Domestic tax filing: Form 1040 for individual/Form 1041 for trust/Form 1120/1120-S for corporation/Form 1065 for partnership/Form 990 for non-profit organization/corresponding form for various states (e.g. HI, CA, NY, TX, etc.)/Consolidated return for federal and states/apportionment factors/state adjustments, etc.International filing: Form 1116 for foreign credit/Form 2555 for expatriate foreign earned income/Form 5471 for U.S. person with respect to certain foreign corporation, etc.Technical/project: Depreciation system conversion from other system to Sage/Tax system conversion from Gosystem to Pro fx system/office conversion from paper to paperless system/presentation & discussion on Form 990 nonprofit tax return filing/Pro fx tax system administrator/dollar-value LIFO/like-kind exchange - real property, etc. Other duties: Supervise & train staff/review tax accruals FASB 109 calculation/manage tax engagement for nonprofit client/tax planning/liaison with client & taxing authorities/analyze financials & make adjustments as necessary to properly reflect account balances/participate in weekly workload planning, etc.

  • Russell Yamane & Associates CPAs
    • Staff Accountant
      • Jan 2003 - Dec 2005

      Assurance project: Audit/review/compilation/tax accruals FASB 109, etc.Domestic tax filing: Form 1040 for individuals/Form 1065 for partnership/Form 1120/1220-S for corporation/Form 1041 for trust/ Form 990 for nonprofit organization/corresponding form for various states (e.g. HI, CA, NY, etc.)/consolidated federal and state returns/apportionment factors/state adjustments, etc.International filing: Form 1116 for foreign tax credit/Form 2555 for expatriate foreign earned income/Form 5471 for U.S. person with respect to certain foreign corporation/Form 1042 for foreign person, etc. Other duties: Prepare general excise/use & transient accommodation tax; prepare information returns (e.g. Form 1099/W-2/940/941, etc.); transmit payroll ADP & Ceridian, etc.

Education

  • Brigham Young University - Hawaii
    Bachelor’s Degree, Accounting and Mathematics
    1995 - 2001

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