BDO United States

BDO United States

News and Resources

Accounting for Income Taxes

With a marked increase in public company restatements of financial statements and increased reporting of material weaknesses, management of both public and private companies face intense scrutiny and are required to demonstrate a clear understanding of the complex rules, in order to account for, and disclose, the company's income tax accrual.

Members of BDO's income tax accounting team have experience assisting companies in the following areas:

  • Deferred income tax reconciliation
  • Valuation allowance analysis
  • FAS 123(R) - APIC pool tracking
  • Business combinations
  • Income tax contingencies
  • APB 23 - Repatriation of foreign earnings
  • SOX Section 404 documentation and testing
  • FIN 48 - Uncertain tax positions

Our professionals are well equipped to help clients navigate the myriad complex tax and accounting guidance on accounting for income tax matters, and we tailor a hands-on approach to help companies understand and implement evolving interpretation surrounding FAS 109.

We can provide consultation regarding assessing tax positions to assist management in the required analysis of accounting for uncertain tax positions. A representative list of projects that we can perform include:

  • Inventory tax positions
  • Preparation of tax opinions
  • Transfer pricing studies
  • Permanent establishment analysis
  • Subpart F analysis
  • Loss limitation analysis
  • State tax structures