Accounting for Income Tax Analysis:  Doing more to help you stay ahead of the curve and comply with ASC 740

TPC’s Accounting for Income Tax Analysis is designed to help guide companies through the regulatory and subjective maze of ASC 740.  With experienced and trained professionals who understand tax law, the requirements of tax accounting, and the process of documenting and supporting your positions, TPC is the independent advocate you need that is not bound by Sarbanes-Oxley related conflicts.  TPC can help you stay ahead of the curve in managing the complexities associated with ASC 740—from the initial review of your tax provision and uncertain tax positions to reflect the most recent changes in tax law, to complying with financial reporting requirements of accounting for income taxes.

We can provide assistance in the design and implementation of your tax accounting processes and related internal controls to ensure your company identifies and properly complies with all its ASC 740 requirements.

Our services include:

• Preparation, review and support of quarterly and annual tax provisions

• Implementation of tax provision automation software

• Accounting for income taxes related to various stock awards

• IFRS income tax accounting consulting

• Income tax accounting for purchase accounting requirements of business combinations

• Documentation of Uncertain Tax Positions and updating assessments of changes in judgment that might result in the recognition, de-recognition and changes in the measurement of such tax positions

• Preparation of current and deferred tax analyses and support for valuation allowances

• Support and assistance with restatements of financial statements or pro forma financial statements

• Assistance in drafting required footnote disclosures

• Creation or testing of internal controls related to tax processes, including SOX documentation

• Development of an integrated strategy to report Uncertain Tax Positions on Schedule UTP, protect privileged documents, and prepare an appropriate audit defense plan to address inevitable challenges by the IRS and state tax authorities

• In-depth review leading to process improvements, training, and much more

Find out why TPC ASC 740  Analysis is the best way to help address the regulatory and subjective maze of ASC 740. Contact the Managing Director in your area or click here for an assessment of your needs.

John P. Bennecke Chicago – 312.235.3300		John V. Aksak, CPA New York – 631.777.6310
Michael Chen San Jose – 408.625.5088		Gregg P. Dluginsky, CPA New York – 631.777.6311
Louis Gomes, CPA San Jose – 408.625.5099		Ross J. Valenza, CPA Tampa – 813.434.4002