Marcela Kane Lantrip was born and raised in Latin America, where she also lived for the first half of her life. Marcela Kane moved to the United States to embark on a career in international tax. As a senior international tax professional for various global firms, Marcela Kane Lantrip has often been expected to coordinate with regional teams on foreign tax accounting issues.
Marcela Kane, JD is recognized by Continental Who’s Who
PR Newswire
SPRING, Texas, July 16, 2018
SPRING, Texas, July 16, 2018 /PRNewswire/ — Marcela Kane, JD is recognized by Continental Who’s Who as a Pinnacle Lifetime Member in the field of Tax Services in recognition of her role as Director of Tax at Halliburton.
With its inception in 1919, Halliburton is, “one of the world’s largest providers of products and services to the energy industry”
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As an international tax professional, Marcela Kane has worked in roles for five global companies, using her experience in taxation, law and accountancy to their benefit. If you have just started working with an accountant it is important that you ask the right questions to get the most out of the service. The following are all useful queries to get you started.
How Will I Contact You?
Good accountants will understand the need to be available for their clients so that they can provide relevant information when it is needed. You should ask about communication protocols early on in the process so that you understand what you need to do to get in touch and how long it will take for you to receive a reply.
How Can I Prepare For Tax Season?
Your preparations for filing income taxes and other documentation should start as early as possible, so discuss the issue with your accountant. Ideally, you will be provided with advice on how to track your expenses and other documentation that could be used to decrease the amount that you pay, plus you may receive additional advice on how to properly handle your business and personal finances.
Do I Have Industry Considerations?
Marcela Kane works in the oil and gas industry as a senior manager at Halliburton. There are often industry-specific considerations that your accountant can take into account when creating your tax plan, so be sure to offer information about what you do in order to take full advantage of them.
As an international tax professional, Marcela Kane must be capable of creating tax plans that take into account the various territories that the companies she works for operate in. She must also know the difference between tax planning, avoidance and evasion. The following should help to make that issue clearer for those who are uncertain.
Tax Planning
Tax planning is the completely legal method of reducing the tax liability of an individual or corporate entity based on the laws of the relevant governmental body. It makes use of relevant deductions and exemptions to achieve this aim and usually involves comprehensive planning and recording of income and expenditure.
Tax Avoidance
Tax avoidance is the use of legal loopholes to the advantage of the person or entity that is looking to reduce a tax burden. This occupies something of a grey area in that it is 100% legal when executed correctly, but those who make use of tax avoidance schemes often walk a very fine line between avoidance and evasion. In essence, it involves using the law to do things that governments did not expect their taxpayers to do, but that are not illegal based on the current law.
Tax Evasion
Tax professionals, like Marcela Kane, must be careful about insuring that the companies they work for do not evade tax that they are legally liable to pay. Evasion is the conscious effort to avoid paying tax owed and it often involves breaking the law by using methods that are clearly defined as being illegal.
Having achieved success in the oil and gas industry as an international tax professional, Marcela Kane has come to understand the important roles that mentorship and sponsorship have played, both in her own successes and in the work she now does as the Senior Manager of International Tax for Halliburton. Good mentors tend to have a number of common traits, of which the below are amongst the most important.
Expertise
In order to act as a mentor, you must have expertise in your field that you are willing and able to pass on to other people. As such, mentors are constantly looking to improve their knowledge bases so that they can help others make their own improvements. Furthermore, they will be able to use their own experiences to relate the lessons they teach to real-life scenarios.
Positivity
If you are unable to demonstrate enthusiasm for what you do and your work with the people that you mentor, you are going to find it much more difficult to inspire confidence in others. As such, good mentors tend to have positive mindsets that allow them to approach challenges with the aim of solving them, rather than considering them to be issues that prevent them from doing their work.
Observational Skills
Marcela Kane notes that the best mentors are constantly observing. They will keep an eye on their industries but, most importantly, they will also look out for the people that they are mentoring. This allows them to provide valuable feedback that can help their mentees in their careers.
Marcela Kane | Marcela Kane Lantrip 