FAS 109 Tax Provision Calculation

Neikirk Mahoney & Co. can assist in your income tax provision calculations necessary for fair financial statement presentation. Financial Accounting Standard ("FAS") 109 provides detailed requirement and disclosures necessary to present financial statements in accordance with Generally Accepted Accounting Principles ("GAAP").

We can streamline the process for an annual calculation performed by our firm, or can provide training and oversight so that your Company can perform the calculations necessary on a yearly or quarterly basis.

FAS 109 Tax Provision Calculations include:

• General ledger adjusting journal entries
• Current income tax expense calculations
• Rollforwards of current income taxes payable
• Rollforwards of deferred tax assets and liabilities
• Income tax rate reconciliations
• Inventories of uncertain tax positions
• Financial statement footnote support