FIN 48 & FAS 109 Services

As an attempt to provide consistency in accounting for uncertainty in income tax positions, FASB Interpretation No. 48 (FIN 48) was issued in June 2006. This new interpretation dramatically raises the standard to which many companies will be held when computing their income tax expense for financial reports, and magnifies the complexities associated with FAS 109.

At Cherry, Bekaert & Holland, L.L.P. (CB&H), our FIN 48 and FAS 109 compliance specialists offer comprehensive tax and accounting services customized to help your business successfully navigate the challenges of achieving compliance with the higher standard that tax benefits must now meet in order to be included in financial statements.

CB&H’s seasoned team of auditors and former corporate tax directors have a sound understanding of FIN 48 and FAS 109 gained through current practical experience assisting clients throughout the Southeast. With resources available nationally and internationally through CB&H’s membership in Baker Tilly International, a network of high quality, independent accounting and business services firms, our specialists stand ready to help you meet your company’s multijurisdictional tax needs.

Our FIN 48 and FAS 109 Compliance Services include the following:

• Establish an implementation/compliance process
• Identify uncertain tax positions across multiple jurisdictions
• Evaluate the technical merits of uncertain tax positions
• Determine the maximum tax benefit for positions meeting the “more likely than not” test
• Document and review footnote disclosures to financial statements
• Review internal controls
  

With CB&H’s FIN 48 & FAS 109 Services, you can expect minimal intrusion into your tax department’s daily work. We can also help you better integrate your company’s tax compliance and accounting functions, which will enable you to more effectively allocate internal resources to meet other critical needs.