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Tax Provision

Uncertain Tax Positions- What to Know Now

28th March 2023

What is an uncertain tax position and how do you account for them under U.S. GAAP?   With governments around the world scrambling for tax revenues, the subject of uncertain tax positions has been thrust into the spotlight. In the ordinary course of business, the average corporate tax return will include several tax positions. A tax ...

What a “Modern” Approach to the Income Tax Provision Really Means

01th March 2023

Chances are you have just recently completed your annual corporate income tax provision. If you’re like most companies and execute the calculation using Excel, the process was probably time consuming, stressful, and cumbersome. It’s enough to make you wonder if you’re using the right tool for the job. Sorry to be the one to tell ...

Tax Resolutions for 2023

10th January 2023

A new year always begins with a few good resolutions. But we weren’t interested in the usual diet and exercise promises—we wanted to see how tax executives will be upping their games in 2023. So, we asked clients and a few of our own experts about their professional new year’s resolutions and here we’re listing ...

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5 Key Factors to Get Your Benchmarking Analysis Right

06th September 2022

Global tax authorities in various jurisdictions might have different compliance requirements, which are important to understand and monitor. Regardless of the jurisdiction, the one thing in common is that the “benchmarking analysis” is the bedrock of transfer pricing compliance. Getting it right is one of the highest priorities for tax professionals when it comes to ...

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How the Inflation Reduction Act (Barely) Impacts Your Provision

04th September 2022

On August 16, 2022, President Biden signed into law H.R. 5376, known as the Inflation Reduction Act of 2022 (“IRA”).  And while the law may not have as much to do with combatting inflation as one may have thought, it does have quite a bit to do with health care, energy, climate change – and, ...