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Tax Provision Services (ASC 740)

Achieve ASC 740 compliance with confidence using our trusted tax provision services. Our knowledgeable advisors offer year-round support to prevent material weaknesses and streamline the external audit process.

Contact Our Tax Provision Team

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Modernizing Tax Provision Strategies in a Shifting Regulatory Landscape

As businesses grow and evolve, so do the complexities of their income tax reporting obligations, especially under ASC 740. With increased scrutiny from auditors and regulators, companies must ensure their tax provisions are accurate, defensible and aligned with financial reporting standards and accounting for income taxes (ASC 740) requirements. At Cherry Bekaert, we help organizations navigate these challenges by delivering tailored tax provision services that support transparency, reduce risk and strengthen internal controls. 

Our dedicated tax professionals combine deep industry knowledge with public accounting experience to support finance teams at every stage, from first-time provision preparation to managing complex, multi-entity reporting under U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). Whether you’re a private company preparing for an audit or a public company facing quarterly reporting deadlines, we provide the insights and structure needed to meet your tax provision requirements with confidence, including support for evolving standards like ASU 2023-09.  

Modernize Your Tax Provision Process

Work with Cherry Bekaert to streamline your ASC 740 reporting and compliance, reduce risk, and bring greater efficiency to your income tax provision process. Our team helps middle market businesses modernize their tax function with practical solutions tailored to evolving compliance demands, including new ASU 2023-09 income tax disclosure requirements.

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Our ASC 740 Tax Accounting and Provision Services

Tax Provision ASC 740 Review

The complex compliance requirements of ASC 740, often referred to as accounting for income taxes, 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 before your external audit process to guard against your activities creating the source of a material weakness or restatement.

  • Annual and Quarterly Tax Provision Review
  • Support for ASU 2023-09 Disclosure Requirements
  • Uncertain Tax Position Review
  • Financial Statement Disclosure Review
  • Income Tax Memorandum Preparation and Review 

Tax Outsourcing & Consulting Services

Tax filings are a cyclical need, but changes to accounting standards and tax laws impact your business 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 ASC 740 tax provision efforts. Our professionals can help you build a robust plan, allowing you to focus on your business.

  • Provision Preparation Utilizing Tax Provision Software
  • Preparation of Financial Statement Disclosures
  • Reviewing Tax Filing Positions
  • Preparation of Tax Memoranda
  • Assistance with Independent Auditors
  • Sarbanes-Oxley (SOX) 404 Documentation Assistance

Tax Provision System Implementation

Implementing a tax provision system is a critical step toward improving accuracy, efficiency and control in ASC 740 reporting. By standardizing workpapers and automating key aspects of the provision and compliance process, companies can reduce manual effort, minimize risk of error, and ensure consistency across reporting periods. Automation not only accelerates data collection and calculation but also enhances transparency and audit readiness — freeing up tax teams to focus on strategic planning and analysis rather than spreadsheet management.

  • Implementation of Provision Software and Workpaper Standardization
  • Process Optimization and Controls
  • Data Collection Automation and Reconciliations

Tax Provision ASC 740 Review

The complex compliance requirements of ASC 740, often referred to as accounting for income taxes, 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 before your external audit process to guard against your activities creating the source of a material weakness or restatement.

  • Annual and Quarterly Tax Provision Review
  • Support for ASU 2023-09 Disclosure Requirements
  • Uncertain Tax Position Review
  • Financial Statement Disclosure Review
  • Income Tax Memorandum Preparation and Review 

Tax Outsourcing & Consulting Services

Tax filings are a cyclical need, but changes to accounting standards and tax laws impact your business 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 ASC 740 tax provision efforts. Our professionals can help you build a robust plan, allowing you to focus on your business.

  • Provision Preparation Utilizing Tax Provision Software
  • Preparation of Financial Statement Disclosures
  • Reviewing Tax Filing Positions
  • Preparation of Tax Memoranda
  • Assistance with Independent Auditors
  • Sarbanes-Oxley (SOX) 404 Documentation Assistance

Tax Provision System Implementation

Implementing a tax provision system is a critical step toward improving accuracy, efficiency and control in ASC 740 reporting. By standardizing workpapers and automating key aspects of the provision and compliance process, companies can reduce manual effort, minimize risk of error, and ensure consistency across reporting periods. Automation not only accelerates data collection and calculation but also enhances transparency and audit readiness — freeing up tax teams to focus on strategic planning and analysis rather than spreadsheet management.

  • Implementation of Provision Software and Workpaper Standardization
  • Process Optimization and Controls
  • Data Collection Automation and Reconciliations

Why Choose Cherry Bekaert for Tax Provision Services

We help businesses reduce the risk of material weakness, restatement, or non-compliance by making the tax provision process seamless, accurate and efficient. Our holistic approach goes beyond compliance to support your broader tax strategy, offering:

  • Streamlined Compliance

    We support ASC 740 and FIN 48 requirements with provision preparation, review, and disclosure support, helping businesses reduce the risk of material weakness or restatement while maintaining ASC 740 compliance.

  • Smart Automation

    Our team integrates tax provision software and automation tools to reduce manual effort, improve accuracy and support audit readiness through standardized workflows and real-time reporting.

  • Policy-driven Planning

    We help clients adapt to evolving standards like ASU 2023-09 by embedding automation and analytics into their compliance strategies, supporting transparency and timely reporting.

  • Industry-aligned Support

    Our professionals bring broad experience across industries and entity types, helping organizations align tax provision processes with their reporting goals and operational needs.

    As tax provision requirements grow more complex, our dedicated tax team is here to help you stay compliant while optimizing your financial reporting and decision-making.

  • Experienced Team

    Our tax advisors bring deep ASC 740 experience, supporting clients across industries with provision reviews, system implementations and year-round consulting.

Our Professionals

Connect With Us

Martin Martinez headshot

Martin Martinez

Corporate Tax Leader

Partner, Cherry Bekaert Advisory LLC

Will W. Billips

Tax Services

Partner, Cherry Bekaert Advisory LLC

Oscar A. Osorio

Tax Services

Managing Director, Cherry Bekaert Advisory LLC

Contact Our Tax Provision Services Team