Tax Accounting

As today’s business landscape becomes more elaborate, tax departments must adapt to effectively and efficiently execute their methods. As companies seek to plan for quality, efficient tax accounting, the complications of the legislative and regulatory setting may become an obstacle. DHG steps up as the firm of choice for those seeking to handle their tax accounting affairs and avoid future challenges with ease.

The stress of handling today’s tax accounting matters is increased by the resource limitations. For many companies, issues such as the ever-changing tax laws, regulatory scrutiny, operational problems and financial restatements (due to tax accounting errors) pose great challenges to companies seeking to accomplish their day-to-day business objectives. DHG offers comprehensive Tax Accounting Services that help clients achieve suitable tax accounting initiatives and incorporate businesses’ tax planning as an integral part of a their total financial planning process.

Our Services Offered Include:
  • ASC 718 Calculations
  • ASC 740 Outsourcing and Co-Sourcing
  • ASC 740-10-50 Outsourcing and Co-Sourcing
  • Provision Redesign and Process Improvement
  • SOX 404 Reviews
  • Systems Implementation and Analytical Reviews
Tailored Services and Deliverables

DHG offers high end service to each client, delivering tailored services rather than a one size fits all solution. As we understand each client’s unique facts, we aim to satisfy clients on a personalized basis. Our Tax Accounting team demonstrates focus and knowledge while at all times being accessible to clients’ questions and concerns. Our quality service helps clients effectively achieve their tax accounting goals and also results in deliverables.

Experience

Our Tax Accounting team combines knowledge, experience and commitment that contributes to our overall success as a firm that satisfies the needs of our tax accounting clients. We implement an integrated team approach that consists of an internal alliance between our industry and service line professionals, which allows a collaboration of knowledge and resources that ultimately benefits the results of our client engagements. As a top 20 CPA firm in the U.S., we exhibit the proper experience and offer quality service that allows us to meet our clients’ needs.

Knowledge Share

Income Tax Accounting (ASC 740) Implications of the CARES Act
Publication | Apr 02, 2020
More About | Tax | Tax Accounting | Risk & Regulatory | COVID-19

The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, 2020. The CARES Act includes a number of tax provisions designed to support businesses impacted by the Coronavirus pandemic. ASC 740 requires changes in tax law to be accounted for in the period of enactment. Many of the provisions of the CARES Act will have an immediate impact on the accounting for income taxes of various filers, especially those about to complete interim reporting for the period ending March 31, 2020.

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FASB Releases ASU 2019-12 as Part of Simplification Initiative
Alert | Dec 20, 2019
More About | Assurance | Tax | Tax Accounting | International Tax | Risk & Regulatory

On Dec. 18, 2019, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2019-12, which affects general principles within Topic 740, Income Taxes. The amendments of ASU 2019-12 are meant to simplify and reduce the cost of accounting for income taxes. The FASB has stated that the ASU is being issued as part of its Simplification Initiative, which is meant to reduce complexity in accounting standards by improving certain areas of generally accepted accounting principles (GAAP) without compromising information provided to users of financial statements.

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