Accounting for Income Taxes (ASC 740)

Mitigate risk, adapt to changing environments, and identify opportunities with income tax accounting services that fit seamlessly with your business initiatives.

A practical and technical method

With changing tax and regulatory environments, increased oversight, and global market expansions — tax provisions can be hard to keep up with. You want to make sure your financial statements accurately account for differences between accounting standards and tax regulations.

Our goal is to help you improve business processes and proactively plan for future changes. An in-depth review of your operations allows us to create flexible strategies that can help assess cash flow, reduce tax liabilities, and fulfill complex transactions. We’re committed to addressing what matters most to you:

  • Compliance in accordance with ASC 740 or IAS 12
  • Improving process and controls within financial statements
  • Validating deferred tax items within the provision for income taxes
  • Maintaining financial flexibility

Experience our client-focused approach

Whether you’re struggling with constraints on resources or implications of significant or unusual transactions, we offer a variety of methods for mitigating risk around financial reporting for income taxes. With our diverse experiences attributed from our clients, we provide a tailored practical and technical approach to meet the needs and requirements of your tax function — as well as the expectations of your stakeholders.

Income tax accounting (ASC 740) services

  • Accounting for income taxes preparation
  • ASC 740 and IAS 12 consultations
  • Client-prepared income tax provision assistance
  • Deferred tax validation assistance
  • Tax provision internal controls assistance
  • Loan staffing
  • ASC 740 training
  • Provision process assistance

Experience the CLA Promise


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