The income tax provision is an estimate of what a company’s final tax bill for the year will be—and it’s an estimate that interests investors, analysts, bankers, even the media. It’s also a tricky calculation. How do you ensure a tax provision stands up to auditors? On CrossBorder Solutions’ The Fiona Show: Tax Provision podcast, you’ll hear from experienced experts on the finer points of calculating a provision and all of the tax and accounting practices that go into it.
Episode 17: Much Ado About Tax Footnotes
CrossBorder Solutions tax provision expert Howard Telson talks about how tax footnotes are used in the provision and the messages they can send to investors.
Episode 16: The Tax Provision and Credit Risk
Is your company a worthy borrower? Understanding your tax provision is key to finding out.
Episode 15: Uncertain Tax Positions
If your company's tax position is uncertain, then it's a safe bet that your income tax provision calculations could be, too. But no need to panic. CrossBorder Solutions Tax Provision experts Howard Telson and Jinal Hira are here to discuss what makes a company's tax position a gray area and how to comply and breeze through your financial statement audit even under the most precarious circumstances.
Episode 14: U.S. Tax Proposals and the TCJA
Tax author Alex Parker, of Capitol Counsel, and CrossBorder Solutions' income tax provision expert Howard Telson discuss possible changes to foreign-earned income and what that could mean for U.S. corporations.
Episode 13: Build Back Better and the Corporate Income Tax Provision
Granted, the latest round of U.S. tax reform is still in the proposal stages, but if Congress passes new tax laws in 2021, it will have an immediate impact on companies' quarterly and annual financial statements. What could change? What adjustments will tax managers have to make as a result? CrossBorder Solutions’ Howard Telson is unpacking it all right here.
Episode 12: Return to Provision
Correcting any discrepancies between the estimated tax provision and the actual tax return is essential for businesses and serves as a litmus test for year-end calculations. CrossBorder Solutions tax provision expert Howard Telson explains the process and best practices for closing gaps.