Financial Accounting for Income Taxes
Financial accounting and reporting for income taxes have become increasingly complex. Your tax departments must keep up with the latest regulatory developments and guidance related to income tax accounting, disclosures and documentation, as well as seeking ways to address their tax provision process. There are more and more demands for transparency, tax departments are under pressure to be more effective and highly qualified professionals can be hard to obtain.
We provide quarterly and annual tax provision calculations, validating tax balance sheets and implementing new accounting standards issued under Income tax Act, 1961.