Tax Provision Services Services.
Expertise.
Reasonable Fees.
Prior to the passage of the auditor independence rules as part of the Sarbanes-Oxley act ("SOX") in 2002, many companies relied on their auditors to assist in the preparation of their income tax provision and tax footnote. However, SOX severely limited the amount of assistance auditors could provide to a client, especially in areas where the auditor had to maintain independence. One of the area's most affected by the SOX auditor independence rules was that auditors could no longer prepare or assist in the preparation of a company's income tax provision and tax footnote. As a result of not being able to rely on their auditors, many companies found that they lacked sufficient in-house resources to prepare and review their tax provision and tax footnote. Because of the lack of in-house resources, internal review, the technical complexities of ASC 740 (FAS 109 tax provision), FIN 48 (uncertain tax positions), and FAS 123(R) (stock-based compensation) tax provisions became one of the leading causes of material weaknesses and restatements. At Larson & Rosenberger we offer:
What We Do | Accounting Services | Audit | Business Valuations | CFO & Advisory | Tax | Tax Provision
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Greg Denning
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(801) 313-1900