Resources

Day 2: Deferred Tax E-Bootcamp

Today’s regulatory and legal environment has complicated the way many companies approach Accounting for income taxes under ASC 740. The ever-changing tax laws and threat of restatement, coupled with tight timelines and nuances of the provision process make it one of the most complex and challenging tasks facing corporate accounting and tax professionals today. Extensive expertise and judgement are necessary to determine not only valuation allowances and temporary differences, but also forecasts and disclosures regarding deferred tax assets and liabilities. This makes the entire provision process particularly complicated and risky in that the outcome will have significant impact on the company’s financial statements.

We know, however, that many businesses do not have the internal tax resources to efficiently and accurately handle this process. During this E-Bootcamp, we will take you back to basics to thoroughly explain deferred taxes, as well as address the practical tasks and challenges corporate tax professionals face when preparing these complicated income tax disclosures. We also walk you through real-world case studies and actual examples for a more hands-on approach. Join us for this hands-on, E-Bootcamp that will cover everything you need to know about deferred taxes and get you in shape for quarterly and annual provision analysis and reporting.

Day 2:

Valuation Allowances

Here we will take a deeper dive and bring you up to speed on Valuation Allowances. Topics covered will include: Basics of the Pronouncements, Positive and Negative Evidence, Indefinite Lived Intangibles, Timing (when is it recognized), and Subsequent Events.

State and Local Tax

We will cover State and Local Taxes and how these can have a significant impact on your tax provision. We will examine: Nexus and Economic Presence, Rate Analysis, Jurisdiction Level Calculations, Separate Valuation Allowances and Practical Methodologies.

Be sure to download all three days of the E-Bootcamp and you will walk away with a better understanding of deferred taxes, how to account for them properly and the role they play in your financial statements.

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