Partner

David Sheets, CPA, MST

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Bio

Meet David

David has over 20 years of experience in Corporate and Individual Tax Planning, Consulting and Compliance. He is a tax partner and specializes in International Tax Services and serves closely held multinational businesses, start-up and early stage technology companies.

David was the worldwide controller for an early stage company that received over $20 million through three rounds of funding and established subsidiaries in Germany and Japan. During that time, David presented the worldwide reporting and budgets to the Board, managed the venture capital due diligence process, and coordinated the audits performed by the outside national accounting firms.

David is a frequent speaker at various Silicon Valley international technology start-up workshops (Plug and Play Technology Center, NestGSV and TechBa facilities). David received his Bachelor of Science in Accounting from California State University of Fresno and his Master of Science in Taxation from Golden Gate University. In addition, David recently received a graduate certificate in international taxation from Golden Gate University.

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Experience

Professional History

Experience

  • Berger Lewis Accountancy Corporation

Associations

  • California Society of Certified Public Accountants

Education

  • California State University, Fresno
  • Golden Gate University

Community

  • Coaching little league and tournament baseball

Speaking Engagements

  • FATCA Panel, North American Regional Conference of Accountants Global Network, May 2014, Colorado
  • Group Leader for Transfer Pricing Case Study, International Conference of Accountants Global Network, September 2013, Venice, Italy
Q&A
Q. What is it about accounting and consulting that first drew your interest?
I come from a family with a background in accounting. My father is a CPA, my sister is an accountant, my uncle worked for the IRS and my grandmother was the treasurer of her church. My father having his own practice inspired me to explore accounting in school and it was a natural fit for me.
Q. What was it that drew you to Armanino?
The cultural environment at Armanino encourages outside the box thinking from its staff and offers a broad range of expertise and offerings to clients. That to me is a perfect fit.
Q. What is the toughest decision you have ever made?
Turning down the opportunity to work for my father’s firm in Central Valley in order to chart my own professional course in the Bay Area.
Q. What law or regulation in the accounting industry would you like to see changed?
I’d like to see the R&D Tax Credit be made permanent. The uncertainty around its extension hinders our ability to help clients plan appropriately.
Q. Without naming names, tell us about your favorite client and why you enjoyed working with them.
I like clients who are open to change and value our advisory role. My favorite clients are ones who I can build a relationship with and spend time getting to know. The better I understand a client, the better I can understand their needs.
Q. What do you find most satisfying in your role?
Finding creative ideas and creative solutions for clients. When I come up with a tax solution opportunity for a client, I’ll think about it for days in order to think through all of the issues and figure out how best to apply it to my client’s advantage. When it’s successful, it makes it all worthwhile.
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Industries Served
David's Thought Leadership
Blog articles
Article
Many businesses are missing out on potential tax savings from this now-permanent credit.
Blog articles
Article
The TCJA's changes to the corporate tax rate, AMT and amortization of expenses have made the R&D credit more valuable.
Article
California manufacturers and certain researchers and developers may qualify for partial exemption of sales and use tax ...