• 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.

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Welcome To TaxFunction.com

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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.

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