About the company
Crypto has had tremendous growth over the last several years. That growth comes with inevitable regulation. Regulation, in our view, is a good thing because once the industry passes through this phase, then crypto can access the rest of the world. We believe itās going to be the companies that enable this transition from the pre-regulation to post-regulation industry and the companies that can properly navigate it, or better yet, be the ones that facilitate it - those are the most relevant companies in this next wave. Toku will be one of those companies. Tokuās products enable crypto-native companies to compliantly compensate their teams in both fiat and tokens in over 100 teams globally. Tokuās growing list of customers includes Aragon, Astar, dYdX, Filecoin Foundation, Gitcoin, Gnosis, Hedera Hashgraph, Mina, Protocol Labs, Teller, Safe, Storyverse, and others. Paying people with tokens is such an obvious first real-world use case of any token. It doesnāt matter what the token does. All tokens can be used to compensate workers. And in fact, are! Toku ensures that all the worker compensation that all those tokens need to do can be done legally, and proper taxes paid is a critical part of the transition to a post-regulation crypto industry. Toku raised $20 million from a consortium led by Blockchain Capital with Protocol Labs, GMJP, OrangeDAO, Orrick, Reverie, Quantstamp, Next Web Capital, and prominent angel investors including Protocol Labs founder Juan Benet and Alchemy co-founders Nikil Viswanathan and Joe Lau. Read more about Toku in Fortune, Yahoo Finance, and CoinDesk.
Job Summary
Tax Compliance
šIndependently prepare and review US tax returns, including but not limited to Forms 1099, 1120, 1120F, 1065, provincial/state returns, city returns, and international forms such as Forms 5471/5472. šEnsure the timely filing of US federal, state, and local tax returns and oversee correspondence with US taxing authorities. šManage tax provisioning following ASC 740 under US GAAP, including DTA/DTL positions, Valuation Allowance requirements, FIN48 reporting, and APB23 analysis. šIdentify and support efficiency opportunities across US federal, state, and local tax jurisdictions. šAssist in tax management and oversight of group companies, including preparing and monitoring US GAAP tax provisions reconciliation. šProvide active involvement in forming internal control frameworks for tax-related work, including defining key and non-key controls, preparing narratives, and keeping track of various controls.
Global Compliance
šManage global tax, audit, and corporate secretarial (Co-Sec) compliance with the help of local country partners. šEnsure timely coordination with local consultants to adhere to monthly, quarterly, and annual filing schedules, including VAT/GST and other local compliance requirements. šMaintain and monitor a global compliance schedule, ensuring adherence to all regional tax and compliance obligations. šHandle global Transfer Pricing (TP) setup and manage TP audits and assessments as required. šOversee RFP processes for new consultants and set up global compliance arrangements.
