Rita R. Benassi
Partner, Deloitte Tax LLP
Keeping up with the relentless pace of change is an ongoing challenge for businesses of all types and sizes. Nowhere is that challenge more pressing than in the area of financial accounting and reporting — a business-critical need that poses significant risk for the organization and its leaders. It’s also where Rita Benassi excels. As National Leader of Deloitte’s Financial Accounting & Reporting – Income Taxes group and U.S. Tax Leader for Deloitte’s Governance, Risk and Compliance and International Financial Reporting Standards practices, Rita assists companies in understanding their obligations, mitigating risks, and meeting the challenge head-on.
A partner in Deloitte Tax LLP with more than 25 years of experience, Rita is regularly consulted about income tax accounting and reporting, IFRS, and tax governance, risk and compliance. She speaks frequently on these topics to business and professional audiences. To further share her knowledge, she also leads the development and delivery of internal and external training on financial accounting and reporting for income taxes and serves as the moderator for Deloitte’s Dbriefs webcast series on Financial Reporting for Taxes. She previously served as Lead Tax Partner for several of the firm’s largest clients and was an Office Tax Managing Partner.
Rita is also active in Deloitte’s internal management. She is a former member of the Board Council of Deloitte LLP and served on the firm’s Tax Partner Admissions Committee, National Tax Recruiting Committee, and Strategic Client Services Tax Advisory Group. Throughout her career, she has also played a key role in the firm’s national training and recruiting programs as well as the firm’s Women’s Initiative to foster the advancement and retention of women.
“There is generally a tax risk or tax decision attached to every transaction. Buying, selling, hiring, compensating, warehousing, transferring, manufacturing, merging, acquiring, strategic decisions — all of these have tax risks attached to them, as well as potential tax rewards. But if companies fail to bring the tax department into the decision-making process at the right time, the tax risk/reward implications can occur without the tax department having an opportunity to address them or add value.”
Rita is a graduate of the University of Minnesota, where she received a Bachelor’s in Accounting and a Master’s in Taxation.