ASC 740 Income Tax Provision Services for Growing Companies in Ohio and nationwide
If your financial statements are audited or reviewed under U.S. GAAP, your income taxes have to be accounted for under ASC 740. Large companies have a tax department for this. Most growing private companies don’t, and the provision ends up as a scramble between the controller, the tax preparer, and the auditors at year-end.
I prepare and review income tax provisions for companies that need corporate-level expertise without building a tax department. My background includes corporate tax at KPMG and in-house tax work at a large multinational, so I’ve seen the provision from both sides of the audit.
Structured Precision, Every Step
Annual and quarterly income tax provisions
Current and deferred tax expense, the deferred tax asset and liability schedule, and the effective tax rate reconciliation
Valuation allowance analysis
Documenting the positive and negative evidence for whether deferred tax assets are realizable.
ASU 2023-09 disclosure readiness
The expanded rate reconciliation and income-taxes-paid disaggregation that now apply to private companies.
Tax law changes
Recording the effects of the One Big Beautiful Bill Act, including restored R&D expensing and bonus depreciation, in the period they apply.