The Fiona Show: Tax Provision

Preparing the corporate income tax provision is one of the most complicated jobs in the tax department. Committing to these best practices—all culled from this podcast—promise to make it easier in 2022.

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.

Is your company a worthy borrower? Understanding your tax provision is key to finding out.

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.

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.

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.

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.

On today’s episode, CrossBorder Solutions tax provision expert Howard Telson explains what companies do when they’re offered a tax benefit that they might never be able to use because they know they’re likely to keep operating at a loss.

On this week’s episode of The Fiona Show: Tax Provision, CrossBorder Solutions’ Senior Tax Manager Howard Telson breaks down the differences between preparing the quarterly provision (10-Q) and the annual provision (10-K)—and how each communicates to stakeholders about the financial health of a company.

The ETR is the focal point of the provision calculation, and it’s crucial to reconcile this figure with the federal statutory rate. CrossBorder Solutions’ Senior Tax Manager Howard Telson explains the importance of the ETR and breaks down the finer points of the rate reconciliation.