Government & Compliance Audits
SOC 1
SOC 2
SOC 3
Subrecipient Monitoring Services
Attestation Engagements
Employee Benefits Plans (ERISA)
HIPAA
Soc for Cybersecurity
SOC for Supply Chain 
SOC for AI
SOC for Cloud Security
Grant Compliance Consulting
Virtual CISO (vCISO)
NIST
ISO 27002
SOC
Business Strategy & Excellence
Business Intelligence & Data Analytics
TGC Reviews (SAS 145)
Application Control Testing
SOC Control Design and Effectiveness Testing
Bookkeeping
Daily Operations
Outsourced CFO & Advisory
Tax Planning
Tax Reporting
IRS & FTB Representation
Tax Strategy & Compliance
Corporate Tax Provisions ASC 740
Nonprofit & Tax-ExemptWe provide accurate tax provision calculations and reviews, with clear documentation to support audits and explain your effective tax rate.
Corporate Tax Provisions ASC 740
Accurate Tax Accounting Without Financial Statement Risk
Your finance team wants reliable financial reporting. You don’t want material weaknesses.
Get your income tax provisions right the first time with our specialized ASC 740 services.
- Expert guidance on tax calculation and documentation
- Clear communication throughout the process
- Support from an award-winning accounting team
Get started
Trusted by Public Agencies and Nonprofits Across California, Nevada, Hawaii, and Arizona
What We Do
Comprehensive and Scalable Financial Assessments
Tax Provision Calculation & Review
Uncertain Tax Position Analysis
Valuation Allowance Assessment
Our experts determine whether valuation allowances against deferred tax assets are needed based on available evidence.
Financial Statement Disclosure Support
We prepare clear, compliant footnote disclosures for your financial statements, including effective tax rate reconciliations and required disclosures for uncertain tax positions.
ASC 740 Services
Financial Accuracy That Protects Your Business Reputation
Managing corporate tax provisions is critical for protecting your company’s financial integrity.
ASC 740 requirements have become increasingly complex, creating significant risks for companies without specialized expertise.
Our approach delivers peace of mind through:
Our team helps reduce preparation time while eliminating the stress of potential restatements and material weaknesses.
WHY CHOOSE US
"Why Choose The Pun Group For ASC 740 Compliance?"
You're tired of tax providers who don't understand financial reporting
- Many tax providers focus solely on compliance without understanding financial reporting implications
- Our firm is always seeking to make our clients and our staff feel supported and cared for as we work to achieve our goals
- We help bridge the gap between your tax and finance departments
You need to avoid material weaknesses and financial restatements
- Our rigorous documentation process creates audit-ready support for all tax positions
- From start to finish, it’s all about collaborating and building relationships
- Our clients receive clean audit opinions for their tax provisions
You want a partner who makes ASC 740 less stressful
- We translate complex tax concepts into understandable explanations
- You can rely on us for accurate, relevant, and dependable results and prompt responses to your questions and requests
- We train your internal team to better understand tax provision impacts
Frequently Asked Questions
You've got questions? We've got answers.
How often should we review our ASC 740 processes?
We recommend a comprehensive review annually, with targeted assessments whenever significant tax law changes occur or your business undergoes substantial changes.
What documentation do auditors typically request for tax provisions?
Auditors generally request detailed calculations of current and deferred taxes, analysis of uncertain tax positions, valuation allowance assessments, and rate reconciliations.
Can you support both annual and quarterly tax provisions?
Yes. We provide comprehensive support for annual tax provisions and can establish efficient processes for interim (quarterly) provisions.
How do recent tax law changes impact ASC 740 calculations?
Recent changes have created significant complexity in tax provision calculations. Each change requires careful analysis to determine financial statement impact.
What if we have international operations?
International operations add complexity to ASC 740 compliance. Our team has experience with global tax issues including foreign tax credits and repatriation considerations.
LATEST CONTENT
Expert Guides from The Pun Group
GET STARTED
Ready to strengthen your ASC 740 compliance?
Get expert tax provision support from The Pun Group’s experienced team of accounting and tax professionals.
- Complete the form or call us at (949) 777-8800
- We’ll schedule your initial consultation
- Get a clear path to ASC 740 compliance including pricing and timeline
Want to speak to us now?
Call us at 949-777-8800Get started
Fill out the form below to schedule a free, 30-minute consultation with one of our experts today!