Archive for ASC 740 Complimentary Training

ASC 740: What You Need To Do Before December 31st

ASC 740 Webinar

What do you need to do in order to be ready for ASC 740 before year end December 31st 2019?

Learn from leading ASC 740 expert Nick Frank during this quick and targeted webinar presentation what you need to look out for this year. He will share with you what the auditors are looking for and what you need to prepare for now!

Be ready for year end as thinking and guidance has evolved around the impacts of the Tax Cuts and Jobs Act.

ASC 740 Be Ready for Year End – What you need to know on Dec 13, 2019 10:00 AM CST STARTS!

Click Here To Register For This Webinar December 13, 2019

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Big Mistakes Companies Make Using Homemade Excel Spreadsheets: Accounting For Income Taxes

Kat Jennings

The number one request these days for corporations hiring is someone to handle accounting for income taxes. It is a major focus for companies these days because of the complexity involved in these calculations. We have been in contact with thousands of tax professionals regarding accounting for income tax roles and have been asking them how they handle these complex calculations. What I found most interesting are the many Fortune 500 companies who still use an Excel model they designed in-house for accounting for income taxes. On the other hand, I asked technology consultants what issues they see with Excel spreadsheet models. What I learned from experts was the disproportionate amount of time the tax professionals were spending on making sure the Excel spreadsheets are calculating correctly versus the real technical issues in an ASC 740 context.

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