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Tax Solutions

Tax Accounting & Provision

Today’s income tax provision reporting requirements have become increasingly complex.

Many public and private companies are faced with intense scrutiny associated with accounting for income taxes, due in large part to the inherent complexities of tax law, and the overwhelming amount of analysis and documentation required to reduce the risk of a misstatement in their financial statements.

For many companies, adequate internal resources are not always available for the effective and timely preparation and review of tax provisions. Preparing the tax provision analysis for independent auditor review is an overwhelming and often labor-intensive task. Sax recognizes that this can have a significant impact on a company’s balance sheet and income statement. The need for an independent accounting firm with strong technical skills both in the tax and financial areas is imperative.

Sax’s Tax Accounting & Provision Services is offered to both private and public companies, and our professionals are highly experienced and well positioned to assist companies with the preparation and/or review of tax provisions. In addition, Sax can assist with every facet of tax accounting, including supporting quarterly and annual income tax provision calculations, validating tax balance sheet accounts and implementing new accounting standards.

Whether you require technical review assistance, full outsourcing or staff co-sourcing assistance, Sax has the resources to handle your company’s interim and year-end tax provision needs in an accurate and timely manner. By keeping current on new tax laws and legislation, the firm’s experts can help to identify key tax planning opportunities that minimize your current and future tax liabilities.

With Sax’s Tax Accounting & Provision Services you can expect:

  • Better control over your tax accounting function
  • Reduced risk through improved controls and documentation
  • More time to focus on strategic aspects of your business
  • Minimizing potential review comments by your external auditor
  • More timely financial statement closings

New York Tax Increases and Changes

Corporate Tax Increases For tax years beginning on or after January 1, 2021 and before…

Tax Alert: IRS Extends Additional Tax Deadlines for Individuals to May 17, 2021

The IRS has recently announced that individuals have until May 17, 2021 to meet certain…

Tax Alert: Federal Estate and Income Tax Planning May Be Getting a Makeover

On March 25, 2021, the Senate Budget Committee held a hearing provocatively entitled, Ending a…

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