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Accounting for income tax services

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Helping businesses prepare income tax provisions according to ASC 740
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Accounting for income taxes requires a deep understanding of both income tax and financial reporting rules. With an ever-evolving legislative and financial reporting environment, it can be difficult to stay informed of everything that could affect your income tax provision.

At RSM, our professionals take the time to understand your business and the tax issues you face and can meet your needs with a range of tax accounting services. We combine this understanding of your business with our knowledge of the changing regulatory environment to ensure your company stays on top of emerging issues and is in compliance with best practices.

Tax provision preparation

From trial balances to tax disclosures, RSM can assist your company with the entire provision process. We can help you identify the tax impacts of business combinations, evaluate uncertain tax positions, assess the need for a valuation allowance, ensure your footnote includes all the necessary disclosures and more. Our corporate tax teams combine deep tax-technical experience with an understanding of ASC 740 to ensure your income tax provision is done right the first time.

Depending on your needs, RSM’s tax provision preparation assistance can involve outsourcing or co-sourcing, including utilizing our RSM international network of firms to support specific foreign provisions. Our objective is to work with you to deliver efficiency and accuracy within the provision process while supporting the transaction planning that helps you achieve your strategic goals around the globe.

Tax provision review and consultation
Due to the complexities of accounting for income taxes, this financial statement area continues to be a frequent driver of restatements. In working with you, our teams are available to assist with complex or unusual transactions and provide an additional level of review to provide comfort that you have addressed the complex tax accounting required.
Tax provision system implementation
Using the right software to prepare an income tax provision can help drive efficiency and reduce errors. Our tax provision system implementation team can help you identify which solution best aligns with your requirements, assist with the implementation and customization of the software, and identify opportunities to optimize your process. Our implementers are certified in various tax provision software platforms and have a deep understanding of both technology and ASC 740 to ensure a successful implementation.
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Recent insights from our tax professionals

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From technical knowledge to technology solutions, RSM can serve your tax needs:

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Meet our ASC 740 leadership team
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