Tax Provision Services (ASC 740)

calendar iconMarch 6, 2024
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Offering Simple Solutions to Complex Requirements

Growing businesses are challenged when complying with financial statement tax reporting requirements. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team.

Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution. Our diverse team has experience serving small privately held businesses, large multinational privately held businesses and publicly traded businesses across a broad spectrum of industries, ranging from start-ups to billions in revenue reporting under generally accepted accounting principles (GAAP) and International Financial Reporting Standards.

Tax Provision Review

The complex compliance requirements of ASC 740 are highly scrutinized and the tight deadlines can be daunting for internal staff. Our team consists of specialized advisors who assist clients both during peak provision cycles and throughout the year. We identify issues prior to your external audit process in order to guard against your activities creating the source of a material weakness or restatement.

  • Annual and Quarterly Tax Provision Review
  • Uncertain Tax Position Review
  • Financial Statement Disclosure Review
  • Income Tax Memorandum Preparation and Review

Tax Outsourcing Services

Tax filings are a cyclical need, but changes to accounting standards and tax laws impact your business occur year-round. Rather than spending resources to train and maintain a full-time tax staff, a growing number of businesses are taking advantage of outsourcing their tax provision efforts. Our specialists can help build a robust plan so you can focus on your business.

  • Provision Preparation Utilizing ONESOURCE™
  • Sarbanes-Oxley Documentation Assistance
  • Preparation of Financial Statement Disclosures
  • Reviewing Tax Filing Positions
  • Preparation of Tax Memorandums
  • Assistance with Independent Auditors
  • Sarbanes-Oxley Documentation Assistance

Questions? Contact Us