FAS 109 / ASC 740 Tax Provision Toolbox

Today’s regulatory and legal environment has complicated the way many companies handle their income tax accounting. Changing tax laws and the threat of restatement, coupled with tight timelines and complexities make it more important than ever to understand the nuances of the provision process.

As part of our income tax accounting solutions, we assist clients with ASC 740 (FAS 109) and FIN 48 through not only implementation and compliance, but also evaluating positions according to their technical merits. Our professionals understand ASC 740 (FAS 109) and FIN 48 from not only the tax perspective, but also from the accounting side of the equation.

While in theory accounting for income taxes should be simple, in reality, we know that it’s not. We designed the Tax Provision “Toolbox” in an effort to aid in the calculation of your organization’s income tax accrual. It includes formulas and linked templates for calculating the common components of the income tax provision such as the effective tax rate, current tax expense, deferred tax expense, deferred tax balance sheet roll-forward, and state tax accrual.

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