Corporate Tax Provisions
Your Tax Provision. Prepared, Documented & Ready for Review.
Current & Deferred TaxAnnual and quarterly current and deferred income tax provisions under ASC 740. Services include supporting schedules and journal entries, with clear documentation for your accounting team and external auditors. I take the tax provision off your close checklist, giving you more time to manage the financial reporting process and respond to your auditors.
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Excel WorkbookA detailed tax provision workbook is maintained and updated throughout the year, bringing together current and deferred tax calculations, supporting schedules, tax account reconciliations, and financial statement disclosure support. Organized documentation provides continuity between reporting periods and gives your accounting team and external auditors a clear record of balances, adjustments, and key assumptions.
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Footnote Write-upPreparation of the income tax footnote tailored to your company’s financial statements and applicable disclosure requirements under ASC 740. Disclosures are supported by the tax provision workbook and coordinated with your accounting team, providing clear, consistent information for external auditor review.
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Tax Basis, Reconciliations & Deferred Tax Support
Tax Depreciation & Book-to-Tax Differences
Review and maintenance of tax depreciation schedules, asset tax bases, and book-to-tax differences that affect your provision. Updated schedules track additions, disposals, and other adjustments, helping prevent unsupported balances from carrying into year-end reporting.
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Net Operating Losses
Detailed federal and state net operating loss schedules and deferred tax rollforwards track beginning balances, current-year activity, utilization, and expiration dates. Supporting documentation helps keep available carryforwards accounted for, identifies applicable limitations, and reduces the risk of tax benefits being overlooked or expiring unused.
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Valuation Allowance Assessment
Evaluation of deferred tax assets to assess whether a valuation allowance is needed. Supporting analysis considers available evidence, earnings forecasts, and loss and credit carryforwards, providing documented conclusions for management and external auditor review.
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Complex Tax Matters. Documented Conclusions.
Tax Accounting Memoranda
Written support for complex tax accounting matters, documenting the relevant facts, applicable guidance, and conclusions reached. Clear technical memoranda help management evaluate significant judgments and provide external auditors with a consistent basis for review.
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Acquisition & Transaction Tax Accounting
Support for the income tax accounting effects of acquisitions and other significant transactions, including related book-to-tax basis differences and deferred taxes. Coordination with management and transaction advisors helps incorporate these items into the provision and supporting financial statement disclosures.
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Effective Tax Rate Analysis
Clear explanations of the factors driving your company’s effective tax rate, including changes between reporting periods. Supporting reconciliations help management understand the tax expense reported in the financial statements and address questions from auditors and other stakeholders.
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Your Corporate Tax Responsibilities. Coordinated Year-Round.
Estimated Taxes & Cash Flow Planning
Federal and state estimated income tax calculations help your accounting team anticipate payment obligations throughout the year. Clear payment schedules distinguish cash tax requirements from financial statement tax expense, supporting cash flow planning and timely payments.
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Coordination With Your Tax Return Preparer
Direct coordination with your existing tax return preparer keeps provision calculations, supporting schedules, and filing information connected. Questions and information requests are managed throughout the process, reducing duplicate work and the burden on your controller.
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Online Tax Account Management
Ongoing review of authorized federal and state online tax accounts to track payments, credits, refunds, and outstanding balances. Reconciliation to your accounting records helps identify misapplied payments and unresolved items before they complicate the close. Tax notices and correspondence are researched, responses are prepared, and outstanding matters are tracked through resolution.
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