ASC 740 Articles

Income Tax Risks of Non-Compliance with Transfer Pricing Documentation

When it comes to transfer pricing, scrutiny extends to all taxpayers, both those operating in the black and those in the red.  By Lindsay Haskell and Dan DeLau Transfer pricing regulations are stringent with regards to income tax reporting, as Treasury Department...

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...