Accounting Standard Codification 740 (ASC 740)
How We Help You
Unless you have dedicated and highly trained tax specialists, there is a real risk that tax issues will not be identified in a timely fashion.
Freed Maxick helps you navigate the complexity of income taxation. Including challenges like complying with Sarbanes-Oxley (SOX) reform and continual changes under Generally Accepted Accounting Principles (GAAP.) Our approach ensures that all ASC 740 considerations have been addressed and all issues properly vetted, resolved, and documented.
Why Freed Maxick?
Expertise
Freed Maxick invests significant time and effort to maintain the level of knowledge needed to meet the technical challenges associated with ASC 740.
Communication
In addition to technical expertise, we clearly understand the value of communication, which is predicated on being both proactive and collaborative.
Execution
We take a holistic approach, working closely with your financial team (including outside auditors) to confirm facts and discuss issues, progress, timeframes, and milestones.
ASC 740 areas that we consult on:
- Uncertain tax positions
- Intraperiod allocation considerations
- Equity based compensation
- Convertible debt/hybrid instruments
- Business acquisitions/combinations
- Valuation allowance issues
- Deferred tax validation
- International issues
- Interim reporting/discreet items
- Outside basis differences
- Reverse mergers
- SOX compliance/Internal controls
Featured Resources
Benefits and Other Impacts in the Inflation Reduction Act for Nonprofits
Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes
IRS Audit Risk Alert: The IRS is Aggressively Pursuing Employee Retention Credit Claims in a New Way to Determine Validity: Understanding Your Letter 6612
ERC Tax Credit Eligibility: IRS Guidance for Supply Chain Disruptions
Employee Retention Credits FAQs for 2023: Understanding the Credit & How to Avoid Scams
IRS Provides Clarity on Energy Tax Credits in the Inflation Reduction Act
Tax Deadlines Every Business Owner Should Know
To Coin an Oprah Phrase…“You get ERTC and You Get ERTC and Everybody Gets ERTC!”
New York State Tax Update: IRS Provides Tax Relief for Recent Western New York Snowstorm
Combating Inflation Through Tax Changes? A Quick Summary of the Inflation Reduction Act
Benefits and Other Impacts in the Inflation Reduction Act for Nonprofits
Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes
IRS Audit Risk Alert: The IRS is Aggressively Pursuing Employee Retention Credit Claims in a New Way to Determine Validity: Understanding Your Letter 6612
ERC Tax Credit Eligibility: IRS Guidance for Supply Chain Disruptions
Employee Retention Credits FAQs for 2023: Understanding the Credit & How to Avoid Scams
IRS Provides Clarity on Energy Tax Credits in the Inflation Reduction Act
Tax Deadlines Every Business Owner Should Know
To Coin an Oprah Phrase…“You get ERTC and You Get ERTC and Everybody Gets ERTC!”
New York State Tax Update: IRS Provides Tax Relief for Recent Western New York Snowstorm
Combating Inflation Through Tax Changes? A Quick Summary of the Inflation Reduction Act
Benefits and Other Impacts in the Inflation Reduction Act for Nonprofits
Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes
Your Experts
Mark A. Stebbins, CPA
Director
Cara E. Rossi, CPA
Director
Amy Thompson, CPA
Principal
