Our Large Corporate Tax group can assist with the following ASC 740 related projects:
- Deferred tax validation projects
- Tax basis balance sheet support
- Remediation and restatement assistance
- Financial statement carve-out support
- Uncertain tax position (ASC 740-10) consulting
- Tax provision software implementation (OneSource Tax Provision)
- Tax provision review services.
- Issue-specific tax accounting consulting, including:
- valuation allowance assessments
- business combinations (purchase accounting)
- intraperiod allocations
- FAS 123(R) - APIC pool tracking, and accounting for stock-based compensation
We can help you address problems you may be experiencing such as:
- Lacking integration of tax accounting and reporting into the finance function
- The emergence of new reporting considerations such as Uncertain Tax Positions (UTP) or the globalization of International Financial Reporting Standards
- Lacking skilled tax accounting resources, in the U.S. as well as overseas, to help them meet today's tax accounting and reporting challenges
- The strain of managing the increasing tax accounting and reporting burden has resulted in decreased employee morale and/or increased employee turnover
Benefits include:
- Better control over your tax accounting function
- Reduced risk through improved controls and documentation
- Increased collaboration within tax, as well as with the finance function and business units
- Improved processes and efficiency through expanding the integration of your tax compliance and accounting functions
- Gain better control over your company's tax accounting function
- More time to focus on more strategic aspects of your business
- Minimize potential review comments by your external auditor on accounting for income tax matters
- More timely financial statement closings