Year-End Tax Assistance

Year-end is a very stressful time because of all that needs to be done in such a short time frame.  Most publicly-held companies actually have two year-end closes – a preliminary close after the eleventh month of the year and the final close after the twelfth month of the year.  Obviously, this creates double the work for an already difficult time of year.  Therefore, EMD Tax Consulting is proud to provide you with world-class year-end tax assistance for your Income, Sales/Use and/or Property tax groups. 

Income Tax Year-End

EMD is available to assist you with the following year-end Income Tax tasks pursuant to FAS 109 and FIN 48:

-  Effective Rate calculations

-  Provision calculations

-  Reserve analyses and substantiation

-  Deferred Tax Roll-forward calculations

-  NOL Valuation Allowance calculations

-  Miscellaneous internal custom calculations and analyses

Sales/Use Tax Year-End

EMD is available to assist you with the following year-end Sales/Use Tax tasks:

-  Review of exempt transactions and Exemption Certificate    verification

-  Update system for new tax rates and tax law changes

-  Review of sales data for potential nexus issues

-  Payable/Clearing account reconciliations

-  Miscellaneous internal custom calculations and analyses

Property Tax Year-End

EMD is available to assist you with the following year-end Property Tax tasks:

-  Analyze annual additions/dispositions for Declarations

-  Review additions for potential nexus issues

-  Update system for new millage rates, assessment ratios and tax law changes

-  Review each basis for assessment and substantiation for exemptions

-  Miscellaneous internal custom calculations and analyses