Tag: asc740

Collaboration Arrangements in Life Sciences
Tax Considerations in Life Sciences Collaboration Arrangements

Collaborative agreements within the life sciences sector generally provide for three types of payments. To…

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Tax Internal Controls
Year-End Income Tax Provisions: Are Your Internal Controls Ready?

This article offers high-level insights into certain areas where additional consideration should be given to…

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Public and Private Company Internal Controls
Five Reasons Why Private Companies Should Adopt Public Company Controls

Often viewed as a “public company problem,” private organizations may want to consider implementation of…

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Tax Control Flaws and How to Prevent Them
Income Tax Controls: Common Flaws & How to Prevent Them

Four common pitfalls in the design of income tax accounting controls, including missing controls, lack…

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Internal Controls
Four Reasons to Strengthen Income Tax Accounting Internal Controls

It is important for businesses to understand risks within the company, and thus the need…

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ASC 740 Accounting for Income Taxes
ASC 740 Income Taxes — Implications of COVID-19 and the CARES Act

The CARES Act includes several business provisions that may impact a company’s accounting for income…

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The State Income Tax Consequences of Wayfair
The State Income Tax Consequences of Wayfair

While the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc. directly affects the state and local…

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Tax Reform FAQs
Tax Reform FAQs

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” represents…

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Tax Reform and ASC 740 Five Things You Need to Know
Tax Reform and ASC 740: Five Things You Need to Know

Income tax accounting (ASC 740) is complex enough. Thanks to tax reform, the complexity around…

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