ASC 740 CONSULTING

Managing your company’s accounting for income taxes requires both a solid technical foundation in the accounting standard and a depth of knowledge of your specific business and tax operations.  The time and resources needed to comply with ASC 740 can put undue strain on any company's accounting department.  Controls around the accounting for income taxes have become a critical source of material weakness in companies’ internal controls over financial reporting in recent years, and accounting for income taxes has also been a primary reason for restating financial statements.

The KS LLP Corporate Tax Team consists of specialized CPAs and advisors who offer public and non-public companies assistance with their tax compliance issues including calculation of tax provisions and financial statement footnote reporting.  Our tax professionals work to comply with complex tax accounting standards under US GAAP and IFRS.  We take pride in preparing work papers and supporting documentations that are intuitive and easy to follow.

Our services and the ASC 740 areas that we consult on include: