Federal & State Tax Corporate Compliance Services
Ongoing changes to the federal corporate tax code continue to create ripple effects across industries, adding layers of complexity to compliance efforts and leaving many businesses facing uncertain tax positions.
At Cherry Bekaert, our dedicated team of federal tax professionals actively monitors, interprets and helps shape evolving regulations, ensuring your business is positioned to maximize available benefits.
Whether your operations span a few locations or multiple countries, our corporate tax planning advisors understand the intricate web of requirements your company faces. We’ll help you develop a sustainable and well-managed approach to federal corporate tax preparation, one that supports long-term compliance and strategic growth.
- Federal and State Tax Return Compliance
- Uncertain Tax Position (UTP) Disclosure
- Amended Returns
- Staff Augmentation and Loaned Staffing
Corporate Income Tax Provision (ASC 740)
Reporting for ASC 740 has increasingly complex requirements under tight deadlines. Even with internal resources, meeting the federal compliance is daunting.
Cherry Bekaert’s Corporate Tax Services team consists of knowledgeable corporate tax advisors who assist public and private companies during peak income tax provision cycles and throughout the year. Our income tax provision software review can help identify issues prior to your external audit process to guard against your activities creating material weakness, restatement or ASC 740 non-compliance. Our services include:
- ASC 740: Federal Income Tax Provision Preparation
- Annual and Quarterly Income Tax Provision Review
- FIN 48: Uncertain Tax Position Update and Review
- Review of Tax Controls
- Loaned Staff and Staff Augmentation
- ONESOURCE™ Tax Provision Implementation
Outsourcing Accounting Services
Rather than spending resources to train and maintain a full-time tax staff, several businesses use tax outsourcing services to enhance their compliance efforts. Cherry Bekaert specializes in building a robust tax compliance plan so you can focus on your business. Our corporate tax preparation outsourcing and tax consulting services include:
- Federal, State and International Compliance
- Sarbanes-Oxley Documentation Assistance
- Tax Return Review
- Amended Returns
- IRS or State Audit Income-driven Repayment Response Support
- Accounting for Income Taxes
Tax Technology and Corporate Tax Software Services
Internal tax departments are under more pressure than ever to produce accurate financial reporting under time constraints with fewer internal resources. Corporate tax technologies and process improvement are excellent solutions that make available numerous compliance software programs, each with its own unique strengths and weaknesses.
Cherry Bekaert’s Corporate Tax technology professionals can help guide your business through the process of choosing, implementing or enhancing a tax technology and data analytics software solution. Our tax technology advisors match your needs with the right compliance software solution, and then help your team maximize its strengths.
We are experienced with a range of both popular and boutique tax technology and data analytics solutions such as ONESOURCE™, Corptax and Longview Tax. We can help:
- Determine the right tax technology system for a business
- Implement and customize functionality
- Integrate general ledger, return and provision systems
- Configure tax automation services
- Customize deferred tax reporting
- Configure journal entries
- Map for tax basis balance sheet
