• Corporate Tax Consulting

    Innovative solutions. Strategic execution.

    Today’s tax functions face increasingly more regulatory complexity and scrutiny which add pressure to global compliance and reporting obligations. See how TaxFunction® Consulting can help enhance performance, mitigate risk and expand tax value.

    Read More

Welcome To TaxFunction.com

budgeting provision financial extensions taxplannig managemant amendedtax taxauthority
taxauthority

Integrated Tax Lifecycle

The Tax Lifecycle is a continuous progression generally started with an enterprise’s annual income tax provision and continuing through the planning and forecasting phases. The process is tied to various regulatory deadlines and must be adhered to.

Provision & Financial Statement Audit

At the close of every year and quarter, companies recognize income tax expense or benefit in accordance with FASB Accounting Standards Codification 740, Income Taxes (ASC 740). ASC 740 prescribes the methodology for the recognition, measurement and disclosure of income taxes.

Extensions

Due to the time constraints endured during the compressed tax accounting close, enterprises generally extend their tax compliance obligations to afford additional time to file income tax returns.

Estimated Tax Payments

Companies need to comply with various federal, state, local and country specific rules and regulations to remit estimated tax payments periodically throughout the tax year.

Tax Compliance

Companies prepare and file their annual income tax returns following a set of jurisdiction-based complex rules and regulations which are subject to ongoing change.

Budgeting & Forecasting

Due to the generally large cash outlays required during the tax year, tax obligations should be forecasted to ensure coordination with overall business operations.

Tax Planning & Reporting

As one of the largest expenses on a company’s income statement, income tax planning is necessary to ensure obligations are met without sacrificing tax efficiency.

Amended Tax Returns

Due to a multitude of factors, companies may be required to amend previously filed tax returns that may increase or decrease the amount of tax previously reported.

Tax Authority Audits & Defense

Tax returns are subject to the scrutiny of the various taxing jurisdictions in which a company operates or may be deemed operating.

  • July 2017 Tax Section News

    Monthly tax news for July 2017 that includes a Letter from the AICPA Tax Executive Chair, Annette Nellen, the latest on tax reform, an update on Sec. 7345 passport legislation, and much more.

  • Attorney Client Privilege and Use of Kovel Arrangements FAQs

    This series of frequently asked questions (FAQs) explains several privileges and protections that are relevant to a CPA who provides tax services, including the concept of attorney-client privilege, its implication on CPAs, and the use of Kovel arrangements

  • Contacting the IRS FAQs

    webpage providing guidance and resources on contacting the IRS

  • Tax Identity Theft Information and Tools

    Identity theft is a growing area of concern for taxpayers and practitioners.  The AICPA has created this page to provide members with information about preventing identity theft, including tips to provide clients, and steps to take if it occurs.

  • Tax Section Webcast Archives

    Tax Section webcasts, presentation slides, and handouts are archived and available for Tax Section members to watch on-demand (without CPE) for one year following the live event.

  • View All Feeds

  • ASB Meeting Agenda and Materials August 2016

    Meeting Date: August 1-4, 2016 Milwaukee, WI Milwaukee Marriott Downtown Hotel 323 East Wisconsin Avenue Milwaukee, WI  53202 Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc. You can make

  • ASB Meeting Agenda and Materials September 2017

    September 11, 2017 Auditing Standards Board Conference Call Meeting

  • Meeting Agenda and Materials for August 15-17, 2017 ARSC Meeting

    Agenda Agenda Item #1 -Discussion Memorandum - Selected Procedures Agenda Item #1A - Draft proposed SSAE, Selected Procedures - clean Agenda Item #1B - Draft proposed SSAE, Selected Procedures - redline to show changes from the draft presented to the ARSC in

  • ASB Meeting Agenda and Materials October 2017

    Meeting Date: 16-19, 2017 Dallas, TX Warwick Melrose - Dallas 3015 Oak Lawn Ave. Dallas, TX  75219 Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc. You can make reservations online or you can call the hotel at

  • ASB Meeting Agenda and Materials July 2017

    Meeting Date: July 17-20, 2017 Denver, CO The Inverness Hotel and Conference Center 200 Inverness Drive West Englewood, CO  80112 Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc.  Please

  • View All Feeds

No Rss Feed Found

No Rss Feed Found

Translate »