A&M’s Tax Accounting Services (TAS) practice provides global income tax accounting solutions under both U.S. (GAAP - ASC 740) and International (IFRS - IAS 12) standards. As an independent firm free of audit conflict, our advice and services are unbiased and solely focused on your best interests. Our team of seasoned professionals is adept at navigating the complexities of tax provisions, ensuring compliance while identifying opportunities for tax planning and process optimization. Whether a VC funded pre-IPO company in need of foundational tax provision support or a large enterprise requiring sophisticated tax strategies, we offer tailored solutions that evolve with you every step of the way.
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An ASC 740 2024 year-end guide focusing on legislative, regulatory and other changes, and providing actionable insights for 2024 tax reporting.
On December 14th, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) No. 2023-09 , “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which seeks to enhance income tax disclosures in financial statements.
International tax departments should be aware of the current and crucial trends impacting income tax reporting in today’s dynamic environment.
The activity for Mergers & Acquisitions has been climbing throughout 2024. Tax practitioners are increasingly encountering a growing trend of preparing audits of the associated purchase accounting, which is required under Accounting Standards Codification (ASC) 805, Business Combinations. A number of practitioners who deal with ASC 805 are highly knowledgeable when dealing with non-tax aspects, however, they may find themselves less comfortable with the tax focused components.
Success in producing carve-out financial statements hinges on careful planning, clear historical tax positions, and a well-thought-out allocation method.
