K. Dwayne
Vande Krol

“It’s extremely rewarding to assist my clients with the tax aspects of large or even once-in-a-lifetime transactions.”

Prior to joining Nyemaster, Dwayne Vande Krol spent 15 years at the international accounting firm Deloitte & Touche LLP, representing clients in various tax-related areas. Midway through his career at Deloitte, Dwayne began working a flexible schedule that allowed him to take law school classes part time and earn his degree. When he made the decision in 2008 to move from the practice of accounting to the practice of law, Dwayne joined Nyemaster. “At Deloitte, I had the opportunity to work with a number of quality law firms in town,” he says. “I was most impressed by the way Nyemaster approached serving clients, the skills of the firm’s attorneys, and the breadth of its client base. I’m fortunate to have landed here.”

 

A main focus of Dwayne’s practice is assisting clients with tax issues associated with major business transactions such as mergers, acquisitions, expansions, and reorganizations. He helps businesses with the tax issues involved in structuring deals, negotiating stock and asset transfer agreements, drafting operating agreements and other governance documents, and participating in tax credits and incentives programs. Dwayne also represents clients in tax controversies and disputes, advising corporations and individuals being audited by the Internal Revenue Service, the Iowa Department of Revenue, or other taxing authorities. “Federal, state, and local taxes are usually among the largest expenses incurred by businesses and individuals, and thus are a driving force behind major financial decisions,” Dwayne says. “By helping my clients structure transactions in the most tax-efficient manner, I get integrally involved in those decisions, which is very rewarding.”

 

In order to effectively negotiate on behalf of his clients, Dwayne takes time to understand their business or personal tax situation and is diligent about looking at the big picture. “When people ask for my tax advice, I always seek to understand their business objectives first, and then work with them to wrap tax planning around those objectives,” he says.

 

Most of Dwayne’s time outside the office is spent with family, attending his children’s many activities. He coaches youth basketball, volunteers at his church, and is an avid reader. He is very involved with the Iowa State University Alumni Association and is currently serving as immediate past president of the Iowa Society of Certified Public Accountants board of directors.

 

Martindale-Hubbell
AV® Preeminent

 

The Best Lawyers in America® 
2013–2020

 

The Best Lawyers in America®
Lawyer of the Year, Tax Law, Des Moines, 2017

 

Iowa State University Alumni Association
Alumni Medal, 2013

 

Des Moines Business Record Forty Under 40
Honoree, 2008

 

Order of the Coif

 

American Bar Association
Section of Taxation

 

Iowa State Bar Association
Section of Taxation

 

American Institute of Certified Public Accountants

 

Iowa Society of Certified Public Accountants

  • Board of Directors, 2012–present
  • Secretary, 2014–2017
  • Vice President, 2017–2018
  • President, 2018–2019
  • Immediate Past President, 2019–Present

 

City of Clive 

  • Board of Adjustment, 2006–2008
  • Citizen Budget Committee, 2002–2012
  • Community Enhancement Committee, 2005–2009
  • Planning and Zoning Commission, 2014–2016

 

Iowa Taxpayers Association 
Board of Directors, 2007–2009

 

Iowa State University Alumni Association

  • Board of Directors, 2006–2011
  • Chair, 2009–2010

 

Iowa Industrial Processing Exemption Study Committee
Co-Chair, 2003–2015

 

Greater Des Moines Leadership Institute 
Class of 2003–2004

 

Vision Soccer Academy
Board of Directors, Treasurer, 2019–Present

 

Consulting related to structuring, tax credits and incentives agreements, and related tax issues for various expansion projects, including:

  • $44 million acquisition and renovation of tire manufacturing plant; 
  • $16 million construction of warehouse and distribution facility; 
  • $320 million construction of lysine production facility; 
  • $1.8 billion construction of fertilizer manufacturing plant; and 
  • $21 million acquisition and renovation of biofuel production facility.

Dwayne is a frequent speaker to various business groups on matters related to state and local taxation.

OVERVIEW

Prior to joining Nyemaster, Dwayne Vande Krol spent 15 years at the international accounting firm Deloitte & Touche LLP, representing clients in various tax-related areas. Midway through his career at Deloitte, Dwayne began working a flexible schedule that allowed him to take law school classes part time and earn his degree. When he made the decision in 2008 to move from the practice of accounting to the practice of law, Dwayne joined Nyemaster. “At Deloitte, I had the opportunity to work with a number of quality law firms in town,” he says. “I was most impressed by the way Nyemaster approached serving clients, the skills of the firm’s attorneys, and the breadth of its client base. I’m fortunate to have landed here.”

 

A main focus of Dwayne’s practice is assisting clients with tax issues associated with major business transactions such as mergers, acquisitions, expansions, and reorganizations. He helps businesses with the tax issues involved in structuring deals, negotiating stock and asset transfer agreements, drafting operating agreements and other governance documents, and participating in tax credits and incentives programs. Dwayne also represents clients in tax controversies and disputes, advising corporations and individuals being audited by the Internal Revenue Service, the Iowa Department of Revenue, or other taxing authorities. “Federal, state, and local taxes are usually among the largest expenses incurred by businesses and individuals, and thus are a driving force behind major financial decisions,” Dwayne says. “By helping my clients structure transactions in the most tax-efficient manner, I get integrally involved in those decisions, which is very rewarding.”

 

In order to effectively negotiate on behalf of his clients, Dwayne takes time to understand their business or personal tax situation and is diligent about looking at the big picture. “When people ask for my tax advice, I always seek to understand their business objectives first, and then work with them to wrap tax planning around those objectives,” he says.

 

Most of Dwayne’s time outside the office is spent with family, attending his children’s many activities. He coaches youth basketball, volunteers at his church, and is an avid reader. He is very involved with the Iowa State University Alumni Association and is currently serving as immediate past president of the Iowa Society of Certified Public Accountants board of directors.

 

RECOGNITION

Martindale-Hubbell
AV® Preeminent

 

The Best Lawyers in America® 
2013–2020

 

The Best Lawyers in America®
Lawyer of the Year, Tax Law, Des Moines, 2017

 

Iowa State University Alumni Association
Alumni Medal, 2013

 

Des Moines Business Record Forty Under 40
Honoree, 2008

 

Order of the Coif

 

PROFESSIONAL & COMMUNITY AFFILIATIONS

American Bar Association
Section of Taxation

 

Iowa State Bar Association
Section of Taxation

 

American Institute of Certified Public Accountants

 

Iowa Society of Certified Public Accountants

  • Board of Directors, 2012–present
  • Secretary, 2014–2017
  • Vice President, 2017–2018
  • President, 2018–2019
  • Immediate Past President, 2019–Present

 

City of Clive 

  • Board of Adjustment, 2006–2008
  • Citizen Budget Committee, 2002–2012
  • Community Enhancement Committee, 2005–2009
  • Planning and Zoning Commission, 2014–2016

 

Iowa Taxpayers Association 
Board of Directors, 2007–2009

 

Iowa State University Alumni Association

  • Board of Directors, 2006–2011
  • Chair, 2009–2010

 

Iowa Industrial Processing Exemption Study Committee
Co-Chair, 2003–2015

 

Greater Des Moines Leadership Institute 
Class of 2003–2004

 

Vision Soccer Academy
Board of Directors, Treasurer, 2019–Present

 

REPRESENTATIVE TRANSACTIONS

Consulting related to structuring, tax credits and incentives agreements, and related tax issues for various expansion projects, including:

  • $44 million acquisition and renovation of tire manufacturing plant; 
  • $16 million construction of warehouse and distribution facility; 
  • $320 million construction of lysine production facility; 
  • $1.8 billion construction of fertilizer manufacturing plant; and 
  • $21 million acquisition and renovation of biofuel production facility.

SPEECHES & PUBLICATIONS

Dwayne is a frequent speaker to various business groups on matters related to state and local taxation.