UHY Advisors provides tax analysis and consulting for public companies requiring assistance with their reporting responsibilities under Accounting Standards Codification (ASC) 740, as well as for privately held companies. Pronouncements by the PCAOB and FSAB make it more difficult for CFOs, Controllers and Tax Directors to comply with ASC 740 and FIN 48 requirements.  Effective tax rate analysis, mergers and acquisition due diligence and consultation, technical advisory consultations, and tax provision software integration (using ONESOURCE Tax Provision™) are ASC 740 related services provided by UHY Advisors.

At a time when public companies need more assistance than ever with Accounting for Income Taxes under ASC 740, Sarbanes-Oxley requirements further restrict their ability to utilize their internal audit firm’s resources.  Privately held companies also often need assistance with ASC 740 related issues. 

UHY Advisors' ASC 740 service professionals meet the demands of CFOs, Controllers and Tax Directors by providing a full range of ASC 740 services. Due to the complexity of ASC 740 issues, senior tax professionals are active in our engagements. This allows UHY Advisors to interface with your company’s tax and financial management, as well with your internal auditors, on ASC 740 matters.

Our services can free your staff to focus on tax planning and effective tax rate management, rather than time-consuming calculations. We utilize one of the leading tax provision software programs, ONESOURCE Tax Provision™, to efficiently prepare and manage your ASC 740 computations.

UHY Advisors’ services include:

• ASC 740 Analysis – we prepare all (or selected) calculations, freeing your staff to focus on other priorities.
• Effective Tax Rate Analysis – we analyze your company’s current tax liabilities and projected effective tax rate.
• Mergers and Acquisition Due Diligence and Consultation – we can determine the income tax impact of a contemplated transaction.
• Technical Advisory Consultations – we can advise on complex technical interpretations.
• Tax Provision Software Integration– we can improve efficiency and internal controls by implementing ONESOURCE Tax Provision™, a leading tax provision software program.

Click here to read more about the complexities of ASC 740