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Leo Panda

SALT Director
PROFESSIONAL SKILLS
SALT Strategy & Compliance
Multistate Income TaxFranchise TaxSales and Use TaxNexus AnalysisApportionment
Provision, Audit & Controversy
ASC 740FIN 48State Tax ReservesAudit DefenseVoluntary Disclosure Agreements
Leadership & Tax Technology
Team LeadershipExecutive Stakeholder ManagementONESOURCEVertexAlteryx
EDUCATION
DePaul University
TaxationGraduate Business
Master of Science in Taxation
Chicago, ILSep 2010 - Jun 2012

Graduate tax program focused on corporate taxation, state taxation, and tax research.

University of Illinois Urbana-Champaign
AccountingAACSB Accredited
Bachelor of Science in Accountancy
Champaign, ILAug 2004 - May 2008

Completed AACSB-accredited accounting curriculum with emphasis in financial reporting and taxation.

PROFESSIONAL SUMMARY

SALT Director with 15+ years of experience leading multistate income/franchise tax, sales and use tax, ASC 740 state provisions, and controversy management. Proven record advising executive stakeholders, building scalable tax governance, and reducing risk across complex multijurisdictional operations.

KEY ACHIEVEMENTS
Built SALT Risk Governance

Created a board-ready SALT risk dashboard used by Finance, Legal, and Operations to prioritize exposure, filings, and reserve decisions.

Strengthened Audit Readiness

Standardized technical position documentation for nexus, sourcing, and credits, improving audit readiness across high-risk jurisdictions.

Improved Tax Data Controls

Partnered with IT and controllership teams to define tax data requirements before ERP migration and prevent downstream compliance gaps.

PROFESSIONAL EXPERIENCE
Summit Ridge Holdings
Chicago, IL
Public CompanyMulti-State Operations
Director, State and Local Tax
Mar 2019 - Present
SALT LeadershipTax Controversy
  • Directed multistate income/franchise, sales/use, and property tax strategy across 42 states, reducing effective state tax rate by 90 basis points.
  • Led quarterly and annual ASC 740 state provision reviews, improving close cycle accuracy and eliminating recurring prior-period adjustment issues.
  • Managed SALT audits and controversy in California, Texas, New York, and Illinois, securing $8.4M in assessments withdrawn or abated.
  • Built nexus and marketplace facilitator governance for new digital offerings, supporting $180M revenue expansion while maintaining compliant registrations and filings.
  • Supervised team of 9 and external advisors, redesigning review workflows that cut state compliance outsourcing spend by 22%.
Grant Thornton LLP
Chicago, IL
Public AccountingTax Advisory
Senior Manager, State and Local Tax
Jul 2012 - Feb 2019
Tax PlanningClient Advisory
  • Advised Fortune 1000 clients on income/franchise tax planning, apportionment, credits, and restructuring, generating $6.7M in annualized cash tax savings.
  • Led sales and use tax diagnostic reviews across manufacturing and SaaS clients, identifying exposure reserves and refund opportunities exceeding $14M.
  • Drafted technical memoranda on P.L. 86-272, factor sourcing, credits, and nexus positions adopted by client tax leadership teams.
  • Developed and delivered SALT training for 35 associates and managers, improving review consistency and accelerating promotion readiness across the practice.
CERTIFICATIONS
Certified Public Accountant - Illinois Department of Financial and Professional Regulation
Aug 2015

Active license.

Certified Member of the Institute - Institute for Professionals in Taxation
May 2018

Member in good standing.

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