Over the years, Financial Accounting Standard (FAS) 109, accounting standards for income taxes has grown complex due to changes and complexities in tax law and financial statement disclosures for income taxes.  Complexities in calculating the tax provision include:

• mergers and acquisitions
• valuation allowance considerations
• uncertain tax positions
  

Today, timely preparation of a company’s quarterly and annual FAS 109 calculations and disclosures require tax experts to be up-to-speed on tax law and have the strong technical skills to deliver on this work.  With extensive experience working with FAS 109 and FASB Interpretation 48, Katsock provides the following services:

• Outsourcing of tax provision calculation (including annual and quarterly calculations)
• Analysis of the effective tax rate impact of transactions
• Assistance with drafting appropriate financial statement disclosures
• Assessment and documentation of internal controls relating to the tax provision process