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Income Tax Provisions – ASC 740 and IFRS

PRIMARY CONTACT: 詹姆斯·塞尔

One of the leading causes of financial restatements continues to be the reporting of deferred 税es and valuation allowances. These matters are further complicated with the continuous 税 legislation developments across all jurisdictions.

Additionally, accelerated reporting deadlines along with increased scrutiny placed on proper disclosures create further challenges to comply with all reporting requirements.  It is clear that accounting for income 税 grows complex each year and while a significant component of a company’s financial statements, many do not have the necessary resources available internally to prepare their income 税 provision calculations. Schneiders Downs provides solutions to your company’s needs to ensure appropriate reporting in accordance with ASC 740 (formerly FAS 109). We offer specialists that are dedicated in the area of accounting for income 税 and work closely with your accounting department to co-source or outsource the calculations on an annual or quarterly basis based on reporting requirements. Our 税 accounting specialists provide the following services:
  • Tax provision outsourcing/co-sourcing and support
  • Analysis and support for accounting for uncertain 税 positions under ASC 740-10 (formerly FIN 48)
  • Assistance with all required footnote disclosures
  • Audit support services
  • Income 税 accounting for purchase accounting related to business combinations
  • Tax accounting training tailored to company needs
  • Assistance in designing and implementing your accounting processes and related internal controls around income 税 reporting including SOX documentation
  • Consultation focused on process improvement for internal calculations
  • Tax package preparation for conversion to IFRS
About Schneider Downs Tax Advisors  With one of the largest regional 税 practices in the country, Schneider Downs Tax Advisors’ personal focus on clients and in-depth understanding of current issues ensures that clients are complying with 税 filing requirements and maximizing 税 benefits. Our industry knowledge and focus ensures delivery of technical 税 strategies which can be implemented as practical business initiatives. Learn more at Tax bet9平台游戏.

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