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Corporate Tax Planning Strategies

How Can I Benefit from Strategic Corporate Tax Planning?

Whether undertaking acquisition activity, expanding operations or meeting increasingly burdensome corporate tax planning strategies and deadlines, businesses are constantly confronted with the challenges of complying with tax regulations. Whatever your company’s situation may be, Cherry Bekaert’s Strategic Corporate Tax Solutions team provides tailored solutions to support your finance team and generate opportunities for cost reduction and tax savings.

The Firm’s Strategic Corporate Tax Solutions team brings industry-specific and public accounting guidance to your tax compliance and regulatory needs. Our team has experience providing accounting and tax services for businesses across a broad spectrum of industries, ranging in size from $10 million to over $2 billion in revenue.

Federal & State Tax Compliance

Ongoing federal corporate tax code changes and the rippling effects to your business can make your federal tax compliance even more complex, leaving you with an uncertain tax position. Cherry Bekaert offers your business a team dedicated to monitoring, mastering and influencing those changes, and can assure you receive the maximum benefit.

Whether you do business in a few locations or a few countries, we know how to navigate the interwoven system of requirements facing your company. Our team can guide you to a lasting, managed system for future federal corporate tax preparation.

  • Federal & State Tax Return Compliance
  • Uncertain Tax Position (“UTP”) Disclosure
  • Amended Returns
  • Staff Augmentation & Loaned Staffing

Income Tax Provision (ASC 740)

Even if your company has internal resources to meet the federal income tax provision compliance of ASC 740, reporting for these increasingly complex requirements under tight deadlines can be daunting.

Cherry Bekaert’s Corporate Tax Solutions team consists of specialized CPAs and 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 & Review
  • Review of Tax Controls
  • Loaned Staff/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 tax preparation outsourcing and tax consulting services include:

  • Federal, State & International Compliance
  • Sarbanes-Oxley Documentation Assistance
  • Tax Return Review
  • Amended Returns
  • IRS or State Audit IDR Response Support
  • Accounting for Income Taxes

Tax Technology

Your internal tax department is under more pressure than ever to produce accurate financial reporting under time constraints with fewer internal resources. 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 Solutions technology professionals can help guide your business through the process of choosing, implementing and/or enhancing a tax technology and data analytics software solution. Our tax technology experts 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 your business
  • Implement and customize your 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

Contact Our Corporate Tax Planning Team

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Brian Moore

Brian Moore

Managing Partner, Tax Services

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Contact Our Corporate Tax Planning Team