Welcome To TaxFunction.com
Integrated Tax LifecycleThe 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 AuditAt 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.
ExtensionsDue 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 PaymentsCompanies 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 ComplianceCompanies 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 & ForecastingDue 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 & ReportingAs 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 ReturnsDue 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 & DefenseTax 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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- AICPA.Org Tax
- AICPA.Org Standards
- Journal of Accountancy
- The Tax Advisor
On September 13, the US Ways and Means Oversight Subcommittee launched a hearing on improving the resolution process for taxpayer disputes and appeals with the Internal Revenue Service.
US President Donald Trump has reached out to Democrat lawmakers to discuss tax reform, in a bid to obtain bipartisan support to get a package through Congress.
A delegation from the European Parliament's PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences.
The Republic of Kazakhstan has signed a Model 1 FATCA Intergovernmental Agreement (IGA) with the US, enabling the exchange of information on the foreign financial accounts of US residents.
The Swedish Government has said that tax measures will be included in the forthcoming Budget to ease the tax burden on start-up enterprises and encourage entrepreneurship.
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The UK Government is planning to change the scope of the Bank Levy and simplify how it is administered.
The upcoming Irish Budget should help Brexit-proof the economy and reduce the marginal tax rate for all taxpayers, says Deloitte.
The OECD has taken issue with the Estonian Government's plans to reduce the rate of tax on distributed dividends for established companies, warning that the measure could complicate the tax system and discriminate against small firms.
A group of 34 Australian health organizations has called for the introduction of a 20 percent levy on sugary drinks.
The UK Government is extending the scope of its landfill tax to cover disposals made at sites without an environmental disposal permit.
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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.
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
webpage providing guidance and resources on contacting the IRS
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 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.
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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
September 11, 2017 Auditing Standards Board Conference Call 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
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
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
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