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CHAMPioning Certainty in the World of Cannabis Taxation

Speaker(s): Douglas Sayuk, James Stanley, Jonathan de Jong
Recorded on: Nov. 7, 2019
PLI Program #: 288216

Douglas Sayuk is a Managing Director with Alvarez & Marsal Taxand, LLC, in San Jose. With more than 18 years of experience, Mr. Sayuk specializes in providing tax provision and compliance services to both multinational public companies and venture backed pre-IPO companies. Mr. Sayuk is a recognized expert in accounting for income taxes (ASC 740), tax compliance and tax management consulting.

Mr. Sayuk advises companies through the tax accounting aspects of complex transactions, including public offerings, acquisitions and corporate restructurings. He has experience across all technology industries including software, semiconductors, telecommunications, information technology, life sciences and clean energy.

Prior to joining A&M, Mr. Sayuk was the founding and managing partner of Clifton Douglas, a boutique Silicon Valley firm specializing in tax accounting and advisory services. During this time, Mr. Sayuk served as lead tax adviser in more than a dozen IPOs as well as numerous acquisition and complex transactional matters. Previously, Mr. Sayuk served in a leadership role with PricewaterhouseCoopers' Silicon Valley tax accounting services practice where he advised both Fortune 500 and growth companies.

Mr. Sayuk has deep experience in complex tax provision issues including global structuring, business combinations, carve-outs, intraperiod allocations, valuation allowance, tax reserves and equity compensation. His federal tax expertise includes consolidated return issues, mergers and acquisitions, tax attribute limitations, examination defense and golden parachutes. Mr. Sayuk also advises companies on tax function process improvement and internal control best practices.

As a recognized expert in his field, Mr. Sayuk has been published on numerous occasions in several prestigious accounting journals. He has also led national trainings on a variety of tax provision topics.

Mr. Sayuk graduated with highest honors from the University of Texas at Austin earning a BBA in accounting and the business honors program, a master's degree in professional accounting, and a minor in economics. Mr. Sayuk received his CPA in the State of Texas, scoring in the Top 10 in the state on the uniform exam, and is also licensed as a certified public accountant in the State of California.

NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.

James Stanley is a Managing Director with Alvarez & Marsal Taxand, LLC, in San Francisco. With more than 18 years of experience, Mr. Stanley has transactional experience in structuring all aspects of domestic and cross-border acquisitions, joint ventures, divestitures and reorganizations across a wide range of industries, such as technology (software, semiconductor, hardware, Internet, social networking), financial services, life sciences, biotech, industrial products, business services and entertainment.

Mr. Stanley advises private equity funds, sovereign wealth funds, corporations and investment banking firms on the tax and financial impacts around corporate finance, transactional deal structuring, due diligence, and the design and implementation of tax efficient financing structures.

Prior to joining A&M, Mr. Stanley led the M&A tax group out of Silicon Valley for PwC. Previously, Mr. Stanley worked with KPMG in Northern California and Washington D.C., in KPMG’s Washington National Tax practice focusing on global transactions and all aspects of the ruling process for clients seeking private letter rulings with the Service.

Mr. Stanley has deep experience in the cross-border transactional deal space specializing in efficient financing
structures, IP and supply chain planning, efficient cash redeployment and repatriation, and international joint venture structuring. Mr. Stanley’s domestic expertise includes taxable and tax free transactional planning, corporate carveouts / divestitures, tax attribute planning, liquidations, redemptions and partnership planning.

Mr. Stanley has been a frequent speaker and lecturer on transactional tax matters. He currently teaches the Taxation of Business Transactions course at Santa Clara University School of Law. Finally, Mr. Stanley has also written articles for internal as well as external publications. He is fluent in English and proficient in Demotic Greek.

Mr. Stanley earned a master’s degree in law in taxation from Boston University School of Law and a J.D. from
Chapman University School of Law. He also earned a bachelor’s degree in economics from Brigham Young University. Mr. Stanley is a member of the New Jersey State Bar.

Jon de Jong is a Senior Director with Alvarez & Marsal Taxand, LLC in Denver. With over 20 years of experience advising one of the nation’s largest closely held corporations and its affiliates, Mr. de Jong focuses on global M&A tax advisory with respect to both strategic and private equity investments.

Mr. de Jong brings to each engagement the unique perspective of a professional who has led an in-house M&A tax function of a company regularly involved in transactions ranging from $10 million to more than $20 billion. By teaming with his clients’ worldwide tax, legal, finance and accounting resources, he is able to develop and help implement risk-appropriate strategies that optimize the results for all stakeholders in acquisitions, post acquisition integrations, operations and divestitures. His broad transactional and structuring background, practical approach to problem-solving, deep experience in cross-border situations across a wide array of industries and capability in communicating complex tax concepts to non-tax professionals make him a valued contributor to any deal team from the very outset of a potential transaction.

Mr. de Jong also has extensive experience providing advice on tax issues unique to closely held companies and their respective equity holders. Mr. de Jong graduated at the top of his class with his LL.M. (Taxation) from the University of Missouri—Kansas City, earned his J.D. from the University of Kansas and taught tax courses for several years in the Master of Accountancy program at Wichita State University.