ASC 740 Articles

Allen Gregory on Value-Based Pricing for The Boomer Briefing

On this episode of the Boomer Briefing Podcast, Allen Gregory, Partner, Federal Tax at TaxOps, talks about billing time versus delivering value to clients. They dive into how removing hourly rates can add value to client relationships and improve your accounting...

Biden’s Budget Impact to U.S. Businesses

President Joe Biden’s proposed fiscal year 2025 budget as it relates to tax policy would reshape the corporate tax landscape.  As policymakers deliberate on the budget proposal, businesses should closely monitor developments to get ahead of any implications for their...

Income Tax Disclosure Updates Effective Soon

The FASB's recent Accounting Standards Update (ASU) 2023-09 enhances income tax footnote disclosures for better transparency and utility in financial statements. Work with your tax advisor now to understand these new requirements, begin assessing what additional...

Navigating Return to Provision Adjustment in ASC 740

Lindsay Haskell and Dan DeLau take a closer look at unraveling errors and changes in estimates for accurate financial reporting. Discover how companies navigate the intricacies of income tax provision processes, governed by ASC 740, to ensure precise representation of...