Tax Accounting
Accounting for income taxes (ASC 740 and IAS 12) solutions to assist companies in timely addressing the complexity of income tax provision reporting.
In today's ever changing tax law and regulatory landscape, compressed closing processes and resource constraints, we provide the in-depth knowledge and experience to support company's financial statement tax reporting requirements.
​
Our professionals have the in-depth knowledge of tax provisions along with the tax technical understanding to help companies navigate the complexities of accounting for income taxes.
​
We focus on optimizing the tax provision process, minimizing risk and improving efficiency. We have significant expertise with ONESOURCE Tax Provision (OTP) and the development of tax provision models suited to our client's specific needs.
Combining process and tax accounting technical capabilities to drive value for our clients.
Our Tax Accounting Services practice has extensive experience in managing the outsourcing of the tax provision function or providing a tailored solution to meet the specific needs of our clients.
​
End-to-End Tax Provision Support
-
Quarterly and Annual Tax Provision Preparation & Review under US GAAP (ASC 740) and IFRS (IAS 12)
-
Valuation Allowance Analysis
-
Uncertain Tax Positions Assessments (ASC 740-10, formerly FIN 48)
-
Financial Reporting & Disclosures (e.g., 10-Q, 10-k, MD&A)
-
Tax Provision Memorandums & Checklists
-
Tax Provision Software Implementations
-
SOX Controls & Tax Process Design
-
Financial Statement Audit Support
-
Audit Committee & Management Presentations
Tax Accounting Technical Capabilities
We have extensive in-depth and hands-on experience assisting companies with technical tax accounting in areas such as:
-
Deferred Tax Analysis & Tax Basis Balance Sheets
-
Carve-out Financial Statements
-
Business Combination Accounting / Purchase Accounting (ASC 805)
-
Indefinite Reinvestment Assertions (ASC 740-30, formerly APB 23)
-
Intraperiod Tax Allocations (e.g., Discontinued Operations)
-
Return to Provision Analysis
-
Cumulative Loss & 'Core Earnings' Analysis
-
FIN 18 Forecasted Tax Rate Computations
-
Share-Based Compensation (ASC 718, formerly FAS 123R)
-
Naked Credit Computations
-
Material Weakness Remediation & Restatements
-
Outside Basis in Partnerships (e.g., Up-C Structures)
-
Recognition & Measurement of Uncertain Tax Positions
Process and Technology Driven
We focus on optimizing the tax provision process, minimizing risk and improving efficiency.
Whether the preferred tax provision tool is Microsoft Excel or a dedicated software solution, we have the experience and expertise to implement or enhance a process suitable for your organization's needs. Our team has experience implementing and using corporate tax provision solutions including ONESOURCE Tax Provision (OTP).